Austan Goolsbee Quotes

When Texans suffered from the collapse of the oil market in the 1980s, they could rely on the fiscal union to help them. When Texas boomed with rising oil prices in the 2000s, it contributed to the union to help harder hit regions.

We know there are a lot of people in the unemployment pool that do not match up in their skill set for what jobs are going to be created, and that’s an area we’ve got to keep pressing on.

There were 14,000 people at the rally for the president in Ohio. There were another 8,000 people in Virginia. If all 22,000 of those people opened their wallets and gave $1,000 each, that would be less than one donation from a billionaire to the super PACs. And that’s why he’s in for the fight of his life.

The U.S. fiscal union has worked, in no small part, by enabling subsidies to the Mississippis without requiring the approval of the Minnesotas. It creates an important form of insurance.

The share of income that small business people are paying in taxes is the lowest it has been in 65 years – since Obama has cut taxes 18 or 22 times for small business.

The president is 100 percent for extending the tax cuts for 98.7 percent of small businesses.

The only question where there is disagreement is should the highest income rates above a quarter million dollars a year go back to where they were under Bill Clinton. That is the dispute about the taxes.

The data does not support that high-income tax cuts are the main drivers of growth, so I don’t think that uncertainty over what the tax rate will be for someone that makes a million dollars a year has that big an impact on the economic growth rate in the country.

Look, I don’t dispute that the deficit has increased.

Giving Northern Europe a veto over Southern Europe’s budgets will not hold a monetary union together. The euro zone will continue to need the weaker countries to stomach decades of high unemployment to grind down wages.

History teaches that the level of unemployment is not as important as whether the rate’s going down.