Now according to Austan these are the thing that will get the economy going:
1. Unemployment Insurance: We will pay people up to three years to not work. Now the Wicked Witch of the Bay Nancy Pelosi says putting a dollar into unemployment benefits will lead to two dollars put into the economy. Only in the minds of radicals leftist or Ivy League professors (redundant I know) does that sound coherent.
2. Earned Income Tax Credit: Welfare in another word.
3. American Opportunity Tax Credit: 2500 a year tax credit for parents with kids in college. OK, that helps with paying for the college. Now how will that help anyone who does not have kids in college?
4. Child Tax Credit: OK…again, helps people with kids but how is that going to help people without kids?
5. Payroll Tax Holiday: The only thing so far almost stimulative…but of course it’s temporary.
6. Investment Incentives: OK, you spend 100k in a green technology with no market and we’ll give you a 3k investment credit on you taxes…gee, that is really going to get the next Thomas Edison going.
To quote this over educated moron who has never held a job, “…The fact is we're going to grow our way out of these and the foundation of that growth is going to be right here (highlights the things listed above)...These things are key to the short run recovery of the economy and getting the growth rate picked up...the Obama tax cuts are more than twice as big as the high income tax cuts...their targeted... temporary and add up to serious money...”
Now the question I have is how the hell does B Hussein Obama or little Austan Goolsbee know what is needed in the economy? Neither has held a real job. People are familiar with Barry’s lack of real world experience but let’s take a look at one of his senior economic advisors:
From Wikipedia bio of Austan Goolsbee
Alma mater Yale University, Massachusetts Institute of Technology ...is an American economist, currently serving as the Chairman of the Council of Economic Advisers and the youngest member of the cabinet of President Barack Obama . Goolsbee is on leave from the University of Chicago where he is the Robert P. Gwinn Professor of Economics at the Booth School of Business.
...he received both his B.A. summa cum laude and M.A. in economics from Yale University in 1991 and went on to receive his Ph.D. in economics at the Massachusetts Institute of Technology in 1995. He was an Alfred P. Sloan Fellow (2000–02) and Fulbright Scholar (2006–07)...
…Goolsbee has been a Research Fellow at the American Bar Foundation, Research Associate at the National Bureau of Economic Research in Cambridge, Massachusetts, and a member of the Panel of Economic Advisors to the Congressional Budget Office. He served as Senior Economist to the Progressive Policy Institute (PPI) (NOTE: THE PPP IS AS LEFTIST A GROUP YOU WILL FIND IN DC). He has been Barack Obama's economic advisor since Obama's successful U.S. Senate campaign in Illinois. He advised Barack Obama in his 2004 Senate race and was the senior economic advisor to the 2008 Obama presidential campaign.
Goolsbee's academic research focuses on the Internet, the new economy, government policy, and taxes. He taught a class on economics and policy in the telecom, media and technology industries. He is known in political circles as a centrist and in academic circles as an empirical economist. He focuses on human activity in natural settings to find economic explanations for how people behave
…Over the years he has been named one of the 100 Global Leaders for Tomorrow by the World Economic Forum in Switzerland, one of the six "Gurus of the Future" by the Financial Times, one of the 40 Under 40 by Crain's Chicago Business, and one of the 30 Under 30 by the Chicago Sun-Times...
…Goolsbee is the former host of the television show History's Business on the History Channel, and he appeared frequently as a surrogate for the Obama presidential campaign and as a leading spokesperson for the administration. His skill on television has been widely noted in the media (NOTE SO HE DOESN'T NEED A TELEPROMPTER TO SAY "HELLO...GOOD TO SEE YOU" LIKE BARRY DOES)
...He made a second appearance on the Colbert Report on October, 13, 2010 where he defended Obama's tax cut policies which would allow tax breaks to expire for American's earning more than $250,000 per year. Goolsbee's main arguments were that 98% of Americans would still receive a tax break under the Obama proposal and that the country would have to borrow money to fund tax breaks for the wealthiest Americans if all tax breaks were extended.
Goolsbee was an award winning journalist before coming into the administration. In April 2006, Goolsbee began writing for the Economic Scene column in The New York Times. This column was later moved to Sundays and renamed the Economic View. Prior to this, he wrote the "Dismal Science" column for Slate.com, for which he won the 2006 Peter Lisagor Award for Exemplary Journalism. He has published scores of papers in various peer-reviewed journals and books.
OK, we've got barely middle aged over educated moron with no experience in the real economy advising another middle aged over educated moron with no experience in the real economy. Again, does Obama have one person on his White House staff who has ever run a business, sold something, made a payroll, hell ran a cash register? I know a rhetorical question.
I pray last month we elected enough good people who will neuter this idiot's administration. Hopefully we can start to undo the damage.
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