All Posts Tagged With: "Goolsbee"

FUD 101

It is now official. The semester is over, and the grades have been posted. Not only has the Obama Administration flunked ECON 101; they have now also summarily flunked FUD 101.

The Wall Street Journal, in an editorial entitled ‘Bumps in the Road,” quoted the chief White House economist Austin Goolsbee as saying “there are always bumps on the road to recovery, but the overall trajectory of the economy has improved dramatically over the last two years.” The WSJ goes on to conclude that “The real ‘bumps on the road’ to recovery are these policies and the larger climate of hostility towards job creators that still prevails in Washington.” They compare the massively positive trajectory of the post-recession Reagan administration recovery with the current economic …


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