 | Obama's exiting "great economic thinker," Austan Goolsbee: Fiscal Imbalance "hasn't gotten materially worse in the last two years"Scotty Starnes | June 10, 2011 at 10:26 PM | Tags: Austan Goolsbee, deficits, economy, national debt, President Obama | Categories: Political Issues | URL: http://wp.me/pvnFC-5rw |
Obama calls Goolsbee a "great economic thinker." Going by Goolsbee's record, he's an idiot from academia with no real world experience. Sounds like Obama Jr.
From The Hill:
The nation's overall fiscal imbalance "has not gotten materially worse in the last two years," President Obama's outgoing economic adviser said Friday.
Bankruptcies, foreclosures, poverty and food stamp usage are at all-time highs under Obama and his failed economic policies. Throw in the Dow dipping below 12,000, weak GDP numbers, lower consumer confidence and long-term unemployment that reached Great Depression levels and you see what Goolsbee is saying is bullshit.
Obama adviser Austan Goolsbee, who announced this week he was leaving the White House, defended the Obama administration's fiscal record in comments at the National Press Club.
The national debt has increased from $10.4 trillion to $14.3 trillion since Obama took office in 2009.
That is $2 trillion each year Obama has been in office. Another record of 'accomplishment' for Obama. Spending is at historic heights under the Chicago Jesus.
He said the biggest drivers of the debt have been known for a long time and did not change during Obama's years in office. He identified healthcare costs, the aging population and the Bush-era tax cuts, which Obama agreed to extend at the end of last year in a deal with congressional Republicans.
Everything is up under Obama: gas prices are up, food prices are up, energy prices are up and the deficit is up. This is the great Obama economic 'recovery.'
Goolsbee said the problem needs to be dealt with but that spending cuts should not impair investments in education, training and infrastructure.
Investments is liberal code for: Keep on spending.
Goolsbee argued that preserving such investments are more important than addressing the fiscal imbalance.
Spending more than you have is good economic theory? Only to a liberal mind such as Goolsbee and Obama.
"Those issues are long-standing and we should and must address them. But let us not forget, that that is not the No. 1 issue facing this country, we must deal with that issue, we must live within our means, but the No. 1 issue facing this country is that we grow," he said.
Goolsbee should have told Obama about how to live within his means. Too bad he is only saying this now that he is on his way out.
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