I believe - I'm not a political expert, but I believe there is a broad consensus, a middle ground if you will, that Democrats and Republicans, business people and workers can agree on, to get this - the economy growing faster, getting people back to work. Austan Goolsbee agreebackbroad share on social
There were 14,000 people at the rally for the president in Ohio. There were another 8,000 people in Virginia. If all 22,000 of those people opened their wallets and gave $1,000 each, that would be less than one donation from a billionaire to the super PACs. And that's why he's in for the fight of his life. Austan Goolsbee 000billionairedonation share on social
It's clear that the medium and long-run fiscal challenges facing the country have to do with the rise of entitlement spending, they have to do with the longer run imbalances that we've created in the structure of the system. Austan Goolsbee challengeclearcountry share on social
So more than 8 million people lost their jobs. It's going to take a significant push on our part and time before that comes down. I don't anticipate it coming down rapidly. Austan Goolsbee anticipatecomejob Change image and share on social
The data does not support that high-income tax cuts are the main drivers of growth, so I don't think that uncertainty over what the tax rate will be for someone that makes a million dollars a year has that big an impact on the economic growth rate in the country. Austan Goolsbee bigcountrycut share on social
For policy makers interested in using tax policy to stimulate investments or especially to smooth business cycle fluctuations, the results are not promising. Austan Goolsbee businesscyclefluctuation Change image and share on social
We enter the government essentially in a hotel that is on fire. We're throwing people from the windows into the pool to save their lives and this is the evaluation of the Olympic diving committee: Well, the splash was too big. Austan Goolsbee bigcommitteedive share on social
Cutting taxes for very high income people an average of more than $100,000 a year for people that make more than a million dollars a year is not an effective way to get the economy going. Austan Goolsbee 000averagecut Change image and share on social
The president is 100 percent for extending the tax cuts for 98.7 percent of small businesses. Austan Goolsbee businesscutextend Change image and share on social
If you had asked people in 1929, 'Here is what is about to happen. How much would you pay to avoid the Great Depression from occurring?' The answer is they would have paid a lot. They would have borrowed money if it could be used to prevent the Great Depression. Austan Goolsbee answeraskavoid share on social