GOO-GOO-GA-GOOLSBEE!!
I am he and he is she and she is me and we are all together. (That’s the Beatles, kids.)
Anyway, the reason I’m offering such nonsense is to rope you into listening to the ABC News Shuffle Podcast with an economist!
And not just any economist — but one of the President’s three economists on the Council of Economic Advisers: Austan Goolsbee.
(Can you name the other two?)*
You can listen to it on iTunes or HERE. The Shuffle was produced by Lindsey Ellerson and Sunlen Miller.
Some choice moments: as he also told Ben Smith of the Politico, Goolsbee — one of the chief authors of the president’s plan to stem home foreclosures, was exasperated when CNBC personality Rick Santelli criticized the plan unfairly, in his view.
"That was driving me a little nuts," Goolsbee said. "I thought Robert Gibbs’ quote, he was like, ‘Well, I would advise Mr. Santelli to read the plan,’ and that that’s the main thought that I had was, ‘He didn’t even read the plan, that’s the opposite of what the plan was doing!’ So, you know, it was a little frustrating, but all and all, I think it was a good policy. I think it was well thought through. It wasn’t just me working on it, there was a wide team of people from all across, all across the government and, and I think that it was fairly well received."
We spoke about the skepticism President Obama faces among some European leaders as he heads to the G-20.
"There has been some skepticism among the Europeans, though Europe is certainly not of one mind on that," Goolsbee said. "I think there are two issues at hand. One, you’ve seen most of Europe 3-6 months behind the U.S in terms of economic conditions. So, to the extent that there is reluctance to engage in larger stimulus efforts, I sort of think they might be where we were six months ago, where people were thinking stimulus that was going to be relatively modest in size compared to what we ended up needing. So, I think 3-6 months from now, you may see a lot of leaders in Europe singing a different tune as it were. The second is, it’s been the view for a long time of Secretary Geithner, of the president, of Larry Summers and others that for both stimulus, regulatory changes and a series of other things of dealing with financial rescue, we really have to do this stuff as a, as a team. It doesn’t mean everybody has to do the same thing, but we have seen a number of areas where one country takes an action that has a huge negative impact on all of its neighbors."
Goolsbee, who has known President Obama since his state senate days, confesses that it’s still a little odd on occasion seeing his pal be President.
"Our kids are about the same age and I’d see them around at, you know, birthday parties at the Lab School kind of thing and now the guy’s sitting in the Oval Office!" Goolsbee said, "He’s president of the United States. So it’s pretty interesting."
Again, you can listen to it on iTunes or HERE.
- jpt
* Dr. Christina Romer and Cecilia Rouse.

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Does that mean we’re gonna get a Simon and Garfunkel blurb too?
Posted by: Ryan C | March 30, 2009, 6:19 pm 6:19 pm
I’m sure all these people are excellent economists even though other excellent economists might disagree with their policies.
Looks like Goolsby has a safe job, though, being a long time pal of the President. He can probably screw up and well, no chance he’ll be asked to resign.
Posted by: Sigmond | March 30, 2009, 6:33 pm 6:33 pm
Goolsbee is a real rising star. He’ll be the next Krugman in 20-odd years.
Posted by: matt | March 30, 2009, 6:35 pm 6:35 pm
Sigmond:”Looks like Goolsby has a safe job, though, being a long time pal of the President. He can probably screw up and well, no chance he’ll be asked to resign.”
I doubt that – Obama has shown the hesitation of a decent man, but he is willing to chuck folks under the bus when needed. All recent Presidents, from Reagan to Clinton – skipping Bush Jr who treated governing like a heckuva’ job flag football game – show a willingness to clean house as necessary.
Posted by: jhw539 | March 30, 2009, 6:36 pm 6:36 pm
“he is willing to chuck folks under the bus when needed.”
Who has Obama fired for poor performance? Ever.
Posted by: Sigmond | March 30, 2009, 6:43 pm 6:43 pm
GOO-GOO-GA-GOOLSBEE
The sound of a government toilet flusing the stock market down.
Posted by: I'll be here all week | March 30, 2009, 6:48 pm 6:48 pm
Goolsbee wont be the next Krugman. For one thing, Skull-and-Bones Goolsbee is pretty much a center-right economist. He was great in the campaign taking apart McCain, but he opposes the most workable solutions, for example, single-payer health care.
Posted by: Flash Override | March 30, 2009, 8:02 pm 8:02 pm
no wonder we are in deep #### , Obama’s friend is economical advisor ????
Posted by: sally | March 30, 2009, 8:27 pm 8:27 pm
“Who has Obama fired for poor performance?”
Maybe not “poor performance,” but the speed with which he dumped Jeremiah Wright, a father figure, pretty much proves the point.
Obama’s not above dropping close friends.
Posted by: Dave | March 30, 2009, 8:43 pm 8:43 pm
Goolsbee…Goolsbee…Say, isn’t that the fella who quietly informed the Canadians that Obama was lying about NAFTA during the campaign?
Posted by: Fascist Hyena | March 30, 2009, 10:12 pm 10:12 pm
“…he opposes the most workable solutions, for example, single-payer health care.”
What is the foremost example of such health care actually “working?” Might it be the UK? How about Canada, whose citizens stream across the border when in need? It takes weeks to schedule an MRI in Canada. I can get one for my dog on Wednesday, because I myself am the “single payer.”
Posted by: Fascist Hyena | March 30, 2009, 10:15 pm 10:15 pm
This guy was a disciple of Milton Friedman, whose economic theories have given us this global crisis.
Posted by: Joan | March 31, 2009, 1:26 am 1:26 am
The meltdown and this recession are all about jobs. Toxic Assets aren’t toxic when we earn what we earned when we took out the loans. When your income is reduced your ability to pay is reduced.
Our jobs have been sent overseas or given to visa holders who help to send them overseas. We’ve had some 910,000+ H-1B Visas issued since 2001.
Even though the U.S. is not legally required to issue a single H-1B Visa (Yes, that’s right not a single one), we will give away another 65,000+ US high-tech jobs via Wednesday’s U.S. CIS H-1B Non-Immigrant lottery. U.S. workers and U.S. taxpayers will be the April Fools.
Outsourcing and the High-Tech/Skilled Worker Visa giveaway have decimated our purchasing power, our economy, our tax base, and our nation’s future.
Having highly-skilled well educated U.S. workers who are unable to find jobs because they’ve been awarded to H-1B Visa holders is a National Asset gone toxic.
Posted by: Mike | March 31, 2009, 3:27 am 3:27 am
I thought he was the ‘Ors..’ guy when I first saw him.
Posted by: DontGet818OnMeNow | March 31, 2009, 8:21 am 8:21 am