Tuesday, June 7, 2011
Austan Goolsbee and the Truth about Taxes
In news today, Austan Goolsbee, one of President Obama's top economic advisors, is leaving his job at the White House to return to his position as an economist at the University of Chicago. Goolsbee is probably best known for his "White Board" speeches in which he sketched out economic policy of tax cuts - criticizing the GOP plan for continued tax cuts - in a short videotaped speech. Here's a look:
Sadly, far too many Americans are naive to even the simple truths of this two-minute video. And if that sort of thinking continues, the US economy will continue to be mired in the backwaters of ideologically produced debt and deficits.