My favorite economist, Austan Goolsbee, was all over the media today talking about AIG’s bonus program on the backs of American taxpayers. As I was driving back from work this evening, I heard Goolsbee on NPR bashing AIG. He was also on MSNBC’s Hardball taking a whack at the bonus program. Suddenly Goolsbee is everywhere, and it is a good thing.
Austan Goolsbee, along with Cecilia Rouse, are now finally and officially on the President’s Council of Economic Advisors. Both their nominations were held up in the Senate by the Republicans until late last week for unspecified reasons. At a time of economic crisis, the three-member Council of Economic Advisors had only its chairwoman Christina Romer able to do the work of the American people. For two months, the Republicans deliberately hamstrung the President’s economic team.
No more. Now Goolsbee is unmuzzled and unleashed. Goolsbee is the master of one liners and a damn fine economist. He is a passionate advocate for the President’s economic policies and has the ability to articulate complex issues in a straightforward manner. It is good to see him back on the news.
As a founding member of the unofficial Austan Goolsbee Fan Club, I am very pleased to see the Republican dirty tricks on the Goolsbee and Rouse nominations come to an end. Now it is time for the CEA to get to work.