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Keyword: austangoolsbee

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  • Harry Reid Now Spreading Baseless Claim that Koch Brothers Don't Pay Corporate Taxes

    04/02/2014 11:19:26 AM PDT · by don-o · 59 replies
    The Weekly Standard ^ | April 2, 2014 | JOHN MCCORMACK
    Senate majority leader Harry Reid has a whole page on his official Senate.gov website devoted to revealing "THE FACTS ABOUT THE KOCH BROTHERS." One of the alleged facts promoted on Reid's website is that the Kochs do not pay any corporate taxes: “They are known for bankrolling conservative, Libertarian and Tea Party causes and became poster boys for corporate tax reform last year when an Obama Administration official suggested Koch is organized as an S Corp. and so pays no corporate level taxes.” The claim that the Koch brothers don't pay corporate income taxes was first made by former White...
  • Unemployment Rate Rises to 9%, State-Run Media Cheers Obama

    05/09/2011 3:24:36 AM PDT · by Son House · 22 replies
    Rush Limbaugh Show ^ | May 6, 2011 | Rush Limbaugh
    RUSH: The news media today, gosh, the unemployment rate's up to 9%, and they're celebrating. They're talking about some of the strongest job growth, with 244,000 new jobs, 62,000 of them from Mickey D's, 62,000 from McDonald's. Now, remember in the past, those jobs have been impugned by the Democrats and the left as meaningless, futureless hamburger flipper jobs without health care. Folks, I'll tell you, if we had our news media of today back in the days of Herbert Hoover we would have never had a Depression, because it woulda never been reported as a depression. This isn't even...
  • Read an excerpt from Grover G. Norquist and John R. Lott Jr.'s new book -- 'Debacle'

    03/18/2012 8:15:49 PM PDT · by richardb72 · 27 replies · 1+ views
    Fox News ^ | March 15, 2012 | John R. Lott Jr. and Grover G. Norquist Read more: http://www.foxnews.com/opinion/2012/03/15/read-e
    Editor's note: FoxNews.com is pleased to present an excerpt from "Debacle: Obama's War on Jobs and Growth and What We Can Do Now to Regain Our Future " the new book by Grover G. Norquist and FoxNews.com contributor John R. Lott Jr. Chapter 3: The Stimulus Made Things Worse What Was Promised Matt Lauer: At some point will you say, “Wait a minute, we’ve spent this amount of money. We’re not seeing the results. We’ve got to change course dramatically?” . . . President Obama: Look, I’m at the start of my administration . . . And . . ....
  • Former Obama Economic Adviser Warns Unemployment Could Rise

    03/11/2012 1:29:45 PM PDT · by Kartographer · 21 replies
    ABC News ^ | George Stephanopoulos
    The economy has added more jobs than expected in each of the past three months, pushing down the unemployment rate to 8.3 percent and marking the best six-month streak of jobs numbers since 2008. But President Obama’s former economic adviser said today that this seemingly rosy economic picture probably won’t last. “I think the main thing that [President Obama] ought to worry anybody is that the growth rate is probably not as sustainable as at high a rate as it’s been, so the pace of expansion, which for six months has been pretty impressive, it may just slow down a...
  • Fmr. Obama Economic Adviser Now Blaming Earthquake For Economic Woes (video)

    08/26/2011 10:39:25 AM PDT · by i88schwartz · 14 replies
    RealClearPolitics ^ | August 26, 2011 | RealClearPolitics
    Goolsbee in his own words: "In the year 2010 which is when most of the clips when the president was saying we were going to grow again. We were growing and over that 17 months we added two-and-a-half million jobs. "Now, at the beginning of this year we get earthquakes, tsunamis, revolutions in the Middle East, European financial crises, now they even have earthquakes out of Washington, D.C. I mean, we've had a series of things that have put some heavy blows and slowed the economy back down again. But, I think it's a little -- I don't think you...
  • Why I Left Liberalism #16 - They Reward Failure: Obama's Genius Economists

    06/08/2011 11:42:11 AM PDT · by EricTheRed_VocalMinority · 1 replies
    Vocal Minority ^ | 6/8/11 | EricTheRed
    El Rushbo has mentioned this many times in the past, and today it is worth repeating: The Democrat Party rewards failure.For instance, when Howard “Yaarrrrrgggghhhh!” Dean lost the 2004 presidential candidacy to John Kerry, he was rewarded by being made the DNC chair, at which post he boosted the integrity of his party by accusing the Republicans of being racists, sexists, homophobes, xenophobes, etc., etc., who want women back in the kitchen and blacks in the back of the bus. (This illustrious tradition, incidentally, is now continued by the new DNC chair Debbie Wasserman Schultz, but that’s another story for...
  • Austan Goolsbee Escapes Economic Failure (Abandon Ship!!)

    06/08/2011 4:26:12 AM PDT · by SeekAndFind · 15 replies · 1+ views
    Great Recession: Austan Goolsbee is only the latest prominent White House economist to pull the ejection lever and parachute to safety. But like the others, his reputation has already crashed and burned. Last September, Goolsbee, the Council of Economic Advisers chairman who resigned this week, got a question from ABC News: If the Obama administration spent yet another $50 billion on infrastructure - on top of the $800 billion that had been spent already - plus targeted business tax credits for R&D, would it bring down unemployment? Goolsbee's answer: "I don't anticipate it coming down right away." That, of course,...
  • Obama's Egghead Economic Saboteurs

    06/08/2011 2:58:16 AM PDT · by Kaslin · 27 replies
    Townhall.com ^ | June 8, 2011 | Michelle Malkin
    Official motto of the White House economic team: Those who can, do. Those who can't, fantasize in the classroom, fail in Washington and then return to the Ivy Tower to train the next generation of egghead economic saboteurs. Life is good for left-wing academics. Everyone else pays dearly. Take Austan Goolsbee, please. President Obama's "fresh-faced" University of Chicago econ professor arrived in Washington in December 2008 to fill two slots: chief economist/staff director of the president's Economic Recovery Advisory Board and member of the Council of Economic Advisers. In September 2010, he replaced CEA head and fellow academic Christina Romer,...
  • If "America Can Do Whatever We Set Our Mind To"How Come Our Leaders Won't Set Their Minds on Jobs

    05/10/2011 3:46:10 PM PDT · by fight_truth_decay · 17 replies
    HUFFPOST ^ | Posted: 05/10/11 02:59 PM ET | Arianna Huffington
    "We do big things," President Obama said during his State of the Union speech in January. And, in fact, we do. Sometimes. Finding and dispatching Osama bin Laden certainly qualifies. "We are once again reminded," the president said after announcing the terrorist's death, "that America can do whatever we set our mind to." But if that's true, why are our leaders so accepting of a stagnant economy? If they really focused on the havoc it is wreaking on the lives of tens of millions of Americans, they would, in the memorable words of Richard Clarke, be running around with their...
  • Where Are the Jobs, Mr. President? The Jobless Obama Recovery Continues

    05/09/2011 1:48:33 PM PDT · by JohnRLott · 14 replies
    Fox News ^ | May 9, 2011 | John R. Lott Jr.
    There has been no recovery in the job market during the Obama recovery. Despite all the cheerleading by the Obama administration and the media, job creation has been horribly sluggish. The jobs created recently are noteworthy only in comparison to the lack of jobs created during the rest of the “recovery.” In contrast to other recoveries over at least the last half century, job creation has never been more anemic. When the new employment numbers came out on Friday, Austan Goolsbee, the head of the President Obama's Council of Economic Advisors, boasted about "the solid pace of employment growth in...
  • Don't Single Out Standard & Poor's for Being 'Political'

    04/19/2011 11:00:41 AM PDT · by JohnRLott · 3 replies · 1+ views
    Fox News ^ | April 19, 2011 | John R. Lott Jr.
    If you think it's hard now to balance the budget, just wait until our credit rating gets trashed. Monday’s warning from the Standard & Poor’s rating agency -- that the U.S. government’s credit rating could be revised downward -- produced a firestorm in Washington. Republicans called it a "wake-up call," while the Obama administration's chief economist, Austan Goolsbee, lambasted Standard & Poor’s actions as purely "political." Credit ratings aren’t just a matter of national pride. Less dependable, risky borrowers have to pay a higher interest rate to get people to buy their bonds. Right now the our government only has...
  • What the March jobs report means for Obama 2012 ( 8.8 % ? Just an illusion...)

    04/03/2011 11:56:57 PM PDT · by RobinMasters · 10 replies
    Reuters ^ | April 03, 2011 | James Pethokoukis
    OK, the unemployment is now down to 8.8 percent, and the economy added 216,000 jobs last month. Here is the political economy of the situation, which is not as good for Team Obama as you might think: 1) Let’s not overstate the strength of the report: a) based on last two nasty downturns, 1974-75 and 1981-82, jobs should be growing roughly 400K a month; b) nominal wage growth over both the last quarter and year have both been 1.7% vs. 2.1% inflation; c) the number of people who have been unemployed less than five weeks rose by 59K, first increase...
  • America's coming collapse

    01/04/2011 2:58:39 AM PST · by Scanian · 48 replies
    NY Post ^ | January 04, 2011 | Editorial
    White House Council of Economic Ad visers Chairman Austan Goolsbee is warning of cataclysmic results if the new Republican House majority holds back on raising the nation's debt limit. "I don't see why anybody's playing chicken with the debt ceiling," he says. "If we get to the point where we damage the full faith and credit of the United States, that would be the first default in history caused purely by insanity." Blah, blah, blah. Or, taken another way, a collapse is coming -- but what kind of collapse? Not raising the debt ceiling could cause a default. But so,...
  • Obama aide: Don't 'play chicken' with debt ceiling

    01/02/2011 9:59:23 AM PST · by Libloather · 40 replies
    Obama aide: Don't 'play chicken' with debt ceilingThe Associated Press Sunday, January 2, 2011; 10:48 AM WASHINGTON -- The top White House economic adviser is warning against what he calls "playing chicken" with the need to raise the nation's debt ceiling. For some conservatives, refusing to raise the limit on the federal debt would be a tactic to force the government into cutting spending. Last February, Congress raised the debt ceiling to $14.3 trillion. The debt is now at nearly $13.9 trillion and growing each day. A move to raise the ceiling again is expected this spring.
  • The Employment Situation in September (by Austan Goolsbee)

    10/08/2010 8:39:58 AM PDT · by kristinn · 9 replies
    The White House ^ | Friday, October 8, 2010 | Austan Goolsbee
    Austan Goolsbee is the Chairman of the Council of Economic Advisers Today’s employment report shows that private sector payrolls increased by 64,000 in September, continuing nine consecutive months of private sector job growth. This growth provides more evidence that the economy continues to recover, but we must do more to put the economy on a path of robust economic growth. At the same time, the rate of job growth is not as large as needed to bring the unemployment rate down quickly, as the unemployment rate remained at 9.6%. In addition to the increase in September, the estimates of private...
  • Despite White House Spin, Obama Believes Government Should Run Our Economy

    10/07/2010 2:38:47 PM PDT · by JohnRLott · 12 replies · 1+ views
    Fox News ^ | October 07, 2010 | John R. Lott Jr.
    The White House is in full spin mode trying to convince Americans that President Obama doesn't hate business. The president claims: "it's very hard to find evidence of anything that we've done that is designed to squash business as opposed to promote business." His administration's economists were out in force at the end of last week trying to argue that Obama was actually pro-business. The impression here matters because Americans see how incredibly slow this "recovery" and they intrinsically understand how eliminating incentives will stop growth. President Obama may hope Americans will forget that he called Wall Street executives "fat...
  • Obama use of foe's tax records reviewed--Speeches assailed Koch Industries

    10/05/2010 6:24:10 PM PDT · by jazusamo · 18 replies
    The Washington Times ^ | October 5, 2010 | Stephen Dinan
    A federal inspector general is looking into whether the Obama administration used confidential taxpayer information in an effort to attack a political opponent, Koch Industries.The review was revealed Tuesday by Sen. Charles E. Grassley of Iowa, two weeks after he and a handful of other top Senate Republicans called for the Treasury Department's inspector general for tax issues to look into the matter, saying either administration officials had illegal access to taxpayer information or were inappropriately speculating in public about the company's tax status.Charles and David Koch, brothers who control the Kansas-based company, are libertarians who have used some...
  • Koch Lawyer Names Austan Goolsbee As W.H. Official Who Talked About Company's Tax Status

    09/22/2010 8:33:22 PM PDT · by freespirited · 27 replies
    Weekly Standard ^ | 09/22/10 | John McCormack
    Mark Holden, a lawyer for Koch Industries, tells THE WEEKLY STANDARD that Austan Goolsbee is the "senior administration official" who discussed the private company's tax status during an August 27 press briefing. As THE WEEKLY STANDARD reported on Monday, at the briefing, a senior Obama administration official singled out Koch Industries, which has drawn the ire of the White House and media for funding right-leaning causes. Said the official at the August 27 briefing on a report by the President's Economic Recovery Advisory Board on corporate taxes: So in this country we have partnerships, we have S corps, we have LLCs,...
  • Austan Goolsbee -- Spinning Like a Top

    09/13/2010 11:09:03 AM PDT · by JohnRLott · 12 replies
    Fox News ^ | September 13, 2010 | John R. Lott Jr.
    With President Obama's poor record on the economy, it isn't too surprising that he would want Mr. Austan Goolsbee to put a positive spin on the current economic conditions. Mr. Goolsbee, whose academic work was known for supposedly showing that increased tax rates didn't effect how hard people worked, has now been appointed as the head of the president's Council of Economic Advisors. But Goolsbee has become quite practiced for his ability to "spin" the news, not for his accuracy. We got a taste of his talents when he made the rounds on the Sunday talk shows rounds yesterday. On...
  • ‘Irresponsible’ Mortgages Have Opened Doors to Many of the Excluded (by Obama's economic advisor)

    09/10/2010 5:28:31 AM PDT · by reaganaut1 · 13 replies
    New York Times ^ | March 29, 2007 | AUSTAN GOOLSBEE
    “We are sitting on a time bomb,” the mortgage analyst said — a huge increase in unconventional home loans like balloon mortgages taken out by consumers who cannot qualify for regular mortgages. The high payments, he continued, “are just beginning to come due and a lot of people who were betting interest rates would come down by now risk losing their homes because they can’t pay the debt.” He would have given great testimony at the current Senate hearings on subprime mortgage lending. The only problem is, he said it in 1981 — when soon after several of the alternative...
  • Obama Taps Guy Who Thinks His Tax Credit Won't Work To Be His Top Economic Aide (Austan Goolsbee)

    09/10/2010 3:55:45 AM PDT · by blam · 5 replies
    The Business Insider ^ | 9-10-2010 | Joe Weisenthal
    Obama Taps Guy Who Thinks His Tax Credit Won't Work To Be His Top Economic Aide Joe Weisenthal Sep. 10, 2010, 4:27 AM Not a huge surprise: Obama is hiring Austan Goolsbee to replace outgoing top economic aide Christina Romer. Goolsbee's been in the administration for awhile, and is frequently on TV, so this is a logical choice. Just this week, though, folks discovered an old paper of Goolsbee's in which he slams the type of business tax breaks that Obama proposed this week. Hopefully the first TV interview he does will see him asked about that.[snip]
  • Top Obama adviser jokes that the president was born 'in a village in Kenya'

    10/01/2009 9:43:53 AM PDT · by rightwingintelligentsia · 10 replies · 1,357+ views
    Washington Examiner ^ | October 1, 2009 | Byron York
    Austan Goolsbee, a member of the White House Council of Economic Advisers, took part in the "DC's Funniest Celebrity" contest last night at a Washington comedy club. Goolsbee won the contest with a routine that mimicked the famous "Mr. Subliminal" skits on "Saturday Night Live" in which Goolsbee said something in his normal voice and then revealed his inner thoughts sotto voce. For example, Goolsbee said that veterans of the Obama campaign "share this bond, and we came here because we knew that the president had a lot of things to do. Number one on the list, we wanted to...
  • Obama Adviser Calls Palin a "Wingnut", Ben Nelson "Benedict Arnold" at the Improv - Video

    10/01/2009 7:43:31 AM PDT · by Federalist Patriot · 8 replies · 554+ views
    Freedom's Lighthouse ^ | October 1, 2009 | BrianinMO
    Here is video of Obama's economic adviser Austan Goolsbee doing a comedy routine at the Improv. He joked about how they referenced Marxist ideology in deciding what to do with the economy when they came to power in January. He also referred to Sarah Palin as a "Wingnut." He also joked about Sen. Ben Nelson being a "Benedict Arnold," and "stabbing them in the back." He attacked Fox News as the place for people who don't know what they are doing. He also joked about himself being the "future Fed Chair." He compared Obama to "Jimmy Carter" and "Millard Fillmore."...
  • Obama warned at summit: No North American Union

    08/08/2009 8:06:01 PM PDT · by Man50D · 17 replies · 1,202+ views
    WorldNetDaily.com ^ | August 08, 2009 | Drew Zahn
    With President Obama expected tomorrow for the North American Leaders' Summit in Guadalajara, Mexico, a coalition of American legislators and activists took a message to the Mexican media, denouncing economic partnerships that would undermine national sovereignty and blasting Obama's failure to keep his promises on transparency and the renegotiation of the North American Free Trade Agreement. Howard Phillips, chairman of The Conservative Caucus and head of the Coalition to Block the North American Union, spoke to Mexican print, television and radio media about the summit, which was known in previous years as the North American Security and Prosperity Partnership, or...
  • Does Government R&D Policy Mainly Benefit Scientists and Engineers? ( corruption alert )

    05/26/2009 2:50:41 PM PDT · by Halfmanhalfamazing · 19 replies · 1,989+ views
    NBER ^ | August 14, 2000 | Austan Goolsbee
    Conventional wisdom holds that the social rate of return to R&D significantly exceeds the private rate of return and, therefore, R&D should be subsidized. In the U.S., the government has directly funded a large fraction of total R&D spending. This paper shows that there is a serious problem with such government efforts to increase inventive activity. The majority of R&D spending is actually just salary payments for R&D workers. Their labor supply, however, is quite inelastic so when the government funds R&D, a significant fraction of the increased spending goes directly into higher wages. Using CPS data on wages of...
  • Why Tell The IRS What It Already Knows (Simple Tax Filing Alert)

    04/12/2006 10:25:09 PM PDT · by goldstategop · 32 replies · 1,425+ views
    New York Times ^ | April 7, 2006 | Austan Goolsbee
    That expense in time and money is as much a part of the tax burden on Americans as the check that goes to the federal government. And unlike the tax payment, this part of the tax burden doesn't generate any revenue for the government, though part of it goes into H&R Block's pocket. It is, in the words of the economists, pure deadweight loss. Which is why the I.R.S. should eliminate it. With a small adjustment in processing procedures, the revenue service could send you a tax form already filled out with the information it has for you — a...