-- Connecting the dots between our economy, government and business --
Currently a professor at the prestigious University of Chicago’s Booth School of Business, Goolsbee previously served as chairman of the White House’s Council of Economic Advisors from 2010-11 under then-President Barack Obama.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Goolsbee has no experience out in the real world. Any time I heard him speak, his positions showed no knowledge of how actual businesses function. The professor in the film Back-to-School was the same with only the slimy British accent as a bonus.
He has one plus: He was one of the few leftists in the Obama White House who would denigrate himself by appearing on Fox News, albeit in a seeming troll function.
He has been anointed by the One We’ve Been Waiting For who was supposed to cause the seas to recede.
This is not a good sign.
Another fine example of the Fed needing to be dramatically downsized. Goolsbee is a partisan- would not have gotten the job if he wasn’t. The veneer of UC isn’t at all what it used to be.
Thomas Sowell would call him on of the anointed
First thing he should do is de-woke the Chicago Fed. And I like Goolsbee, probably in contrast to most of you here, though I don’t agree with his politics. He was dirtied as part of the Obama administration but if allowed to act independently I think he can be good.
He’s as arrogant and rotten as can be.
Hmm, rhyms with Foolsbee……
The filthiest of all the liars who worked for (The Lyin’ King) Obama
https://www.atr.org/top-obama-advisor-lies-health-care-a5809/