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To: passionfruit
The latest is chief economic advisor Austan Goolsbee, the genius who in 2007, just before the subprime hit the fan, wrote in The New York Times that this exciting new form of home "ownership" was an "innovation" that had "opened doors to the excluded" and was part of an "incredible flowering of new types of home loans."

This Regime is so done if our candidates can muster the balls to point out these quotes to the public.

7 posted on 06/10/2011 9:56:28 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: Lazlo in PA; passionfruit

I actually saw Goolsbee for the first time earlier today—I think it was on BloombergTV.

What a smarmy, oily specimen! He couldn’t give a straight answer to any question. He gave the most long-winded, terminology-laden, weasel-worded replies you can imagine. Big words, elaborate syntax, all of it meaning very little except that things are getting better, prosperity is just around the corner, it may be tough but two years ago we were on the brink of doom.... oh, and of course we kinda, sorta need to raise taxes so the government can give the right incentives and make the right investments to get private industry going again.

All of it smilingly, unctuously delivered, oozing flattery to his female interviewer. Some boy wonder! Oh what a brain truster! Come to think of it, most of FDR’s wonder boys ended up bailing out for academia as well. Even treasury secretary Henry Morgenthau eventually admitted that what they were doing wasn’t working.


12 posted on 06/10/2011 11:19:27 PM PDT by sinanju
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