Topic: Austan Goolsbee

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Rush Limbaugh-Sandra Fluke flap: Is it time to move on?

As the controversy over Rush Limbaugh's insult enters its second week, comedian Bill Maher says it's time for liberals to accept his apology and move on. Of course that's really Sandra Fluke's call.
On the Economy
Taxes: Flat isnt always simple and vice versa

Don't be fooled into believing that any tax structure is truly simple until you’re intimately familiar with the details. Complicating factors can and do and will enter any tax code that is written by people, whether it’s 9-9-9, a 17% flat rate, or any number of graduated rates.
The Reformed Broker
Obama makes a good pick for economic team

Obama's pick to head his economic council, Alan Krueger, has researched job market and minimum wage.
Why Obama picked Alan Krueger as next top White House economist

In a Rose Garden briefing, President Obama named Princeton University economist Alan Krueger as the next head of the White House Council of Economic Advisors.
Stock market volatility: Dow jumps on jobs report, plunges, then rises again

Stock market gains early Friday morning were wiped out by noon, before another rally ensued. A better-than-expected jobs report gave some analysts hope that another recession could be averted.
After the debt deal: A tax reform idea

The debt deal punts on tax reform. That's unfortunate. But when lawmakers finally get to it, this idea can garner bipartisan support and save the government serious money: Have the IRS fill out tax returns for millions of taxpayers. It's a proven concept in Scandinavia -- and California.
US economy 'has barely budged': 1.3 percent growth in GDP

The GDP grew at an annual rate of only 1.3 percent in the second quarter of 2011, announces the Commerce Department, which also revised first-quarter growth down to 0.4 percent.
Tax VOX
Obama, where are your economists?

Politicians need a team of stellar economists for advice during campaign season, and Obama seems to have lost his
Obama loses a top economic adviser. In this economy, is that a good thing?

White House economist and longtime Obama adviser Austan Goolsbee says he's returning to academia. Considering Americans' views of the slow recovery, perhaps that helps the president.
Obama faces his own political 'headwind' on the economy

President Obama is enjoying his best favorability ratings in months. But polls show Americans are worried and mad about the economy – a fact that's a major challenge to Obama's reelection bid.
New jobs down, unemployment up: Is the economy hitting a pothole or a ditch?

Unemployment increased to 9.1 percent in May, and only 54,000 new jobs were created. Economists point to lingering impacts of the tsunami plus rising food and gas prices.
Unemployment rate drops 0.1 percent, showing 'positive momentum' in job market

The United States added 216,000 new jobs in March, mostly in the private sector job market, driving the unemployment rate down to 8.8 percent.
Q&A with CEA Chair Austan Goolsbee

President Obama's chief economist, Austan Goolsbee, discussed the economic impact of rising oil prices, why he believes corporate leaders will create jobs in the US, and why it's a bad idea not to raise the US Government's debt ceiling at a Feb. 24 Monitor breakfast.
Unemployment rate drops to 8.9 percent. Has the economy turned a corner?

Not only did the unemployment rate fall, but the US economy added 192,000 jobs in February. But economists view the numbers differently.
Economist Mom
What the president’s economic report leaves out

The report by the president's Council of Economic Advisers makes no mention of 'tax reform' or 'entitlements.'
Should US draw on strategic reserves to temper rise in oil prices? (video)

Rapidly rising oil prices, and fears it could harm the US economy, make tapping the strategic reserves a tempting option. But analysts say it would work only for the short term.
Goolsbee: why members of President’s Council on Jobs will hire in the US (video)

Obama’s chief economist, Austan Goolsbee, remains 'optimistic' that corporate executives on the President’s Council on Jobs and Competitiveness will hire workers in the US, not overseas.
Obama's top economist: Oil price hike not likely to derail economy (video)

The White House is monitoring rising oil prices but sees the US economy as better positioned to absorb them than in 1979, when oil prices spiked in the wake of the Iranian Revolution.
Unemployment rate dives, but few new jobs created. How can that be?

Unemployment rate dropped from 9.4% to 9.0% last month, according new Labor Department statistics. But only 36,000 new jobs were created. Where did the rest of the unemployed go?
Unemployment rate drops to 9.4 percent, but little cheer in jobless report

The unemployment rate is at its lowest level since May 2009, but this partially reflects some people giving up on job searches.
Economist Mom
Republicans would rather default than raise taxes? Seriously?!

Congressional Republicans say they won't raise the debt ceiling until spending is changed. That's not a principled stand, it's a threat against America honoring its word.
Obama team plans for 2011 – and for 2012

Obama and his senior staff are hard at work on the size and shape of his White House team as they prepare for the 2012 elections. He hopes to spend more time outside of Washington.
Unemployment jumps, job creation slows. Is economic stall-out here?

Unemployment rate rose to 9.8 percent, as US economy gained a disappointing 39,000 jobs last month, versus 172,000 in October. The news may prod Congress toward more stimulus spending.
As Obama plans White House reshuffle, where are the new faces?

A major game of musical chairs appears to be in the works at the White House. But without an infusion of new blood, some wonder, will the reshuffle get Obama back on track?
Consumers, businesses boost US economy; 5 things we learn from GDP report

The US economy grew 2 percent in the third quarter, the Commerce Department reports. But imports limited the benefit to the GDP from increased consumer and business spending.