Sunday, November 7, 2010
Daily Show: Austan Goolsbee
President Obama's chief economic advisor explains how Senate Republicans thwarted Obama's attempts to decrease unemployment by blocking a bill originally drafted by members of their own party to provide more tax cuts for small businesses. Goolsbee defends the stimulus by explaining that according to the independent Congressional Budget Office, the stimulus provided millions of jobs to people who would have been unemployed otherwise. He claims that the banks bailed out by our tax dollars will pay back the money the government gave them.
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I have noticed that Americans are putting a lot of their efforts into finding people to blame for the recession and thinking about that instead of putting their efforts into simply getting us out of this. When they mentioned whether we should have been harder on who caused the recession, the audience broke out in applause. I think this is a perfect example of how much we need to redirect our focus.
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