25 Burst results for "Goolsbee"

Exxon Mobil planning on laying off hundreds in Houston

Michael Berry

00:21 sec | 3 months ago

Exxon Mobil planning on laying off hundreds in Houston

"Planning to hand out 1900 pink slips. Most will be here in Houston, with the global workforce likely cut by 15%, The oil and gas giant blames the lay offs on the pandemic, saying they're necessary to stay competitive. More news on demand. Akita Rich dotcom are next update at six o'clock. I'm Wyatt Goolsbee for news radio. 7 40 h If you think we're just four

Akita Rich Dotcom Wyatt Goolsbee Houston
Houston, Harris County orders schools closed until Sept. 8

Ground Zero with Clyde Lewis

00:47 sec | 5 months ago

Houston, Harris County orders schools closed until Sept. 8

"County County Judge Judge Lena Lena Hadda Hadda Go Go says says it's it's still still too too early early for for students students to to return return to to the the classroom, classroom, a a ticking ticking time time bomb. bomb. That's That's what what Judge Judge Hidalgo Hidalgo says says about about students students returning returning to to in person learning. She laid out a road map for reopening schools based on the county's color coded system. She notes, however, that they're just guidelines despite the state, removing the authority of local official county. Health departments to close schools for in person instruction. We have a responsibility and apparent jab and governor Greg Abbott Hidalgo says. The county is at level one code red, which means no schools should be reopened until at least September 8th. If the number of cases continues to fall, students will be allowed gradually in groups to return to the classroom. Wyatt Goolsbee News Radio 7 40 used

Judge Judge Hidalgo Hidalgo Judge Judge Lena Lena Hadda Ha County County Wyatt Goolsbee Official
House Speaker Pelosi to unveil coronavirus aid package for workers

The 11th Hour with Brian Williams

10:45 min | 11 months ago

House Speaker Pelosi to unveil coronavirus aid package for workers

"House speaker. Nancy Pelosi is expected to unveil legislation tomorrow aimed at helping workers who may be at financial risk because of the grow virus outbreak. Nbc News reports. The House will likely pass that bill as for the impact. This crisis is having on our daily lives. There are new developments almost hourly the NC Double A. announced March madness will go on at all venues but without fans in the arenas Seattle public schools will close for a minimum of two weeks beginning tomorrow. Tomorrow is also when the containment zone in the New York City. Suburb of new Rochelle. Officially begins officials. Say They hope that will control the spread of the corona virus in what has become the largest cluster of illness in the United States? So far here for our leadoff discussion on a Wednesday night. Anita Kumar White House correspondent and associate editor for Politico Robert Costa National Political reporter for the Washington Post and moderator of Washington. Week on PBS. And we welcome to the broadcast Austin Goolsbee former chairman of the Council of Economic Advisers for President Obama and a professor of economics at the University of Chicago. Welcome to all of you. Anita the president made a number of announcements this evening He did not declare a state of emergency. I do want to remind our viewers. There is a state of emergency that continues to be in effect in America because of the border the southern border. But that's not. As far as the president's gone he also suggested earlier. Today that jared Kushner is is sort of in charge of this and he's studying it more right while the president is expected in the next few days even perhaps next week to declare this emergency of very limited emergency that would basically free up. Forty billion dollars that is sitting there that The government has sitting there for disaster relief so he wants to free up some of that money and and the thinking here is that he wants to go ahead and act quickly He he was on the hill yesterday on Capitol Hill and he didn't hear from Republicans or Democrats Anything that would make him believe that they were going to quickly accept some of his ideas for economic relief and he wanted to bypass them and really just get some funds freed up so he could go ahead and do that Robert. You were reporting this evening about the fact that the president had a bit of a shouting match with his treasury secretary about the measures that the Fed and others have taken. This is his fed chief. Jay Powell who he put into place. Apparently he's very very frustrated with the Fed and things more can be done. He is unhappy with the Federal Reserve Chairman Pal on Monday afternoon while the president was in the Oval Office meeting with top advisers including treasury secretary. Mnuchin he lashed out about pal saying to the Treasury Secretary. You need to try to get him to lower rates if at all possible to try to see if you can have a conversation with him to stimulate the economy. The president knows he's being stymied on Capitol Hill about his payroll tax cut and just a couple of minutes ago house. Democrats formerly released publicly released. Their virus relief. Bill just have been reading it over for the past. Couple of minutes includes paid sick. Leave Food Security It also includes free testing unemployment benefits. You see Speaker Pelosi tonight. A after the president's speech trying to take the lead on the legislative answer to all of this Austin the stock market the Dow was down another fourteen hundred and some odd points. Today we're now off twenty percent from recent highs which puts the Dow into the bear a bear market. The five hundred is not far behind. The president has a what one might say unhealthy preoccupation with both the stock market and interest rates. What do you make of this though? Because the market is responding even after the president's announcement market futures were were lower. What do you make of what has to be done from from the perspective of the government whether it's a stimulus or what? The House is proposing. Well you know I think two things. The first is as we've spoken many times. Vulgar used to tell me over and over and the financial crisis that when crisis hits the only asset you have is your credibility and I think when you see the stock market plunging. The way did today the way it did this evening. It is a judgment about the credibility of the White House that we've had the president of the United States going out and saying people are finding that when they get sick they can still go to work. We only have fourteen cases and pretty soon. That's going to go down to zero when the president himself says that and when people cannot be tested no amount of stimulus is going to be sufficient because the reason that the economy is going into this tailspin because people are afraid and they are withdrawing from the economy and if you gave them a thousand dollar payroll tax cut. They're not going to spend it because the root of the problem when you get into a virus situation is that the greatest economic stimulus comes from slowing the rate of spread of the virus. And we've seen South Korea's succeed at it by having extensive testing and by finding the people who are sick and saying look. Don't go visit your grandma and stay isolated. For fourteen days. They've been able to slow the spread of the virus and their economy is gonNA come rebounding in a rapid basis the longer. We pretend that there aren't cases here and try to blame it on Europe and say. Oh we're going to block cargo boxes from Europe and that's GonNa help us without doing the testing the the more fear is going to be generated in people's minds and the worst the economy's GonNa get Robert this whole issue credibility this. This thing has developed very quickly. I want to just go back to starting really the last week of February the last couple of days of February when the President I started talking about Corona virus compared to what he said tonight. Let's listen together. We're finding very little problem very little pro now. You treat this like a flu. This is the most aggressive and comprehensive effort to confront a foreign virus in modern history. It's going to disappear one day. It's like a miracle it will disappear. We will be suspending all travel from Europe to the United States. For the next thirty days we have thousands or hundreds of thousands of people that get better just by sitting around even going to work. Go to work. If you're sick or not feeling well stay home. Democrats are politicizing the corona virus. This is new hoax. We must put politics aside. Stop the partisanship and unify together. As One Nation Robert this becomes a complicated call to arms for the president because he has been the one saying that the Democrats are politicizing. He and Fox News talking about the media blowing this out of proportion and now the president has got to step up there and do something that is unusual Primetime Oval Office address saying let's come together and take greater action to solve this and there are real world implications for so many the leaders around the country outside of the White House who are dealing with this in an interview. This week with Maryland governor Larry Hogan Republican. He told me that he's deeply concerned about the mixed messages coming out of this administration. He said he had a ninety minute. Meeting with Vice President Pence who said one thing and then he listened to the president who was talking in an entirely different way about the entire crisis. And that's a governor. A sitting governor dealing with cases in his State and when I was on Capitol Hill. There are also expressing concern. Democrats and Republicans about how the president is handling this. There's private concern among some of my top. Gop sources that the president's antennas to attuned to the stock market and his own reelection campaign and Anita in fact the rate cut that the president seemed to be agitating for which occurred last week did not have the desired effect in the market. Nothing the president he's doing is having the desired effect. But at this point you have competing plans the president's plan and then the Republican the Democratic Plan. That's come out who reconciles this. This is not been a White House at a congress. That's managed to come together on many things but at this point is necessary. Who reconciles the fact? That what the president thinks looks like stimulus and success is very different than what Nancy. Pelosi team do right. This is the problem this has been problem on a variety of issues. Obviously we've never been in this place before but on so many policy issues you know the Democrats and sometimes even the Republican Republicans on Capitol Hill can't agree with the White House. And so what happens is they don't do anything. That's not going to be the case this time because everybody believes that something needs to be done. That's why you're seeing the president saying that he's going to act should've unilaterally and then take the you know go ahead with a speech and and call on Congress tact but but you know going back to what Bob said the the president's in this place where he's trying to do two things he's talking about. How this isn't that big of a deal. It's going to go away as you've played but he also has to show that he is doing something tonight. He took a different action showing that he's doing something while he's also trying to downplay parts of it exactly for his reelection and for his popularity. What's going to happen in the future? The trump campaign and some of his allies are very much aware. Now that this is going to probably be the issue that he's going to be judged on in the next few months up until the election Austin during the president's address he said all travel from Europe to the United States will stop not even cargo will go there within correction came out says. Well no cargo is going to go. And then a correction came out to say no. Actually it's just non-americans coming to the United States. I wasn't clear that the virus makes that distinction all that well look this exactly what I mean if the president gets up and says something literally three minutes after he finishes saying it they say no. What he said is not what the policy is. It undermines your credibility the what also undermines the credibility on one hand to say we need a big stimulus and then this afternoon. The secretary of HHS was reached as you know. The president has a plan to cut seven hundred thousand people off of food stamps low income people and they said do you still plan to cut them off of food stamps on April first when those are the very people who are going to be losing their jobs and they say yes they do intend to cut them off of food stamps. So you you've got a we need relief but we're GONNA have a filibuster to hold up paid sick leave for all Americans and I think that I something is going to have to give. They're either going to have to start telling the truth. Doing tests and have a stimulus and an antivirus program or else. They're going to have to just declare. We don't care we all we WANNA do is make. The the problem seems small as possible.

President Trump Democrats United States White House Nancy Pelosi Vice President Europe Anita Kumar White House NBC Robert Costa Seattle New York City FED Anita Chairman
September Jobs Report

Squawk Pod

04:56 min | 1 year ago

September Jobs Report

"It's the first Friday the of the month jobs Friday. When the Labor Department releases the number of American jobs lost or created the month before as well as the latest unemployment number jobs. Friday is always weighs on Friday and it's always at eight thirty. AM So on Squawk box. It's pretty much always free. There are a lot of voices in this conversation including our economics reporter. Steve Liebmann plus all of noisy traders behind our reporter. Rick Santelli who joins the team from the Chicago Mercantile Exchange Andrew will walk you through the rest of our panel joining us now Halston Goolsbee in the Windy City University of Chicago Booth School of business professor and former council of Economic Advisers who's chairman. It's great to see you my friend. Kate Moore's here strategist at blackrock. Dave macintoshes joining US President of the club for Growth and a former US congressman. It's great to have everybody here. Let's get to Diana like she has. The numbers one hundred thirty six thousand nonfarm payrolls increased by one hundred thirty six thousand in September. The unemployment rate fell to three point five percent down from three point seven percent. That is the lowest level since nineteen sixty nine Diana thank you we're going to talk about all of this with some reaction from our jobs panel right now kate. Let's start with you. We never put anybody on the spot with saying exactly what that number was going to be but you were looking for a strong number and this is this really solid number the number. I was going to give one fifty nine with some downside. I feel like one thirty. Six is a healthy number especially because you saw the good healthcare number we expect expected little weakness in manufacturing retail. I think that's kind of par for the course of where we are in the cycle so I feel really good about this especially in light of what we had earlier this week in terms of 'em so so I think equities will do well to balance of the day. Hey Steve. You've had a minute to dig through some of that. What jumps out to you is the most important parts in this report are just trying to see the last night we had to be and a half percent unemployment rate and it looks like you gotta go back to nineteen sixty nine for one look. Here's the problem and we sorta flagged this problem back. in August as at August is very typically typically revised higher so the slowdown we thought we had in August at one hundred and thirty which we thought was hey. We're coming down to the place where we think we ought to be. That was your vice one sixty eight yeah and I think those are good. I think that tells us that. We're doing a little bit better than we thought we were doing. Retail has lots of problems down eleven thousand and then down on six thousand. We have to watch that sector. There's a huge transformation as you know happening over there. Look there's two scenarios that we're watching for here. Scenario number one is is a sort of expected slowdown as the crazy two hundred plus job gains of last year. Come back down to normal if we can settle in call it a one on twenty five to one fifty range that would be good and we're worried about the weakness going down below one hundred thousand. I think the idea that that we're now in zone own where it looks okay. It's pretty comfortable. It's not great but it's not terribly week. I called a win. Hey Rick Walk us through the market reaction to me. The biggest news without a doubt is that the markets looked at it as good news stocks and treasury yields but it's really a bad report in not for the jobsite wages this this is terrible unchanged month over month under three percent two point nine on a year over. Excuse me month over month year over year basis this these are good numbers. It's all about the money I stand. What do you think of this report. You know this kind of a mealy peach of a report. We're we're a little under what what what the forecast was okay like. Steve said it's it's okay but it's not it's definitely not Great Austin though you're looking at the wage issue decelerating eating not accelerating. How important is that to you. I think it's pretty important now that wages are steady after we've had several months where where they were growing. Hopefully this is a blip but I mean I'm telling you the thing driving this whole thing is that the GDP growth rate is slowing down and and a lot of the forecasters are now saying that they expect a one handle for the rest of the year if we get GDP growth falling down into the ones. I think the jobs odds numbers are GonNa fall apart and the ways numbers are going to fall apart dave when he think growth expectations for the rest of the year what are yours continued to be strong in the two to two and a half percent a from a political standpoint. This is very good news. The fact that the unemployment rate is an historic low. That's what most people around the country look at and the job. The creation rate is averaging now at one sixty three hundred sixty thousand a month when you compare that to pre trump the the Obama era at one oh nine that's very good news that he can take to the public and say we're. GonNa continue to grow the economy create jobs and the wage. It's a slight downward trend trend in the direction but it's still a positive increase rather than decrease in average wages

Steve Liebmann Kate Moore Dave Macintoshes Diana Reporter United States Rick Santelli Labor Department Blackrock Club For Growth Barack Obama Council Of Economic Advisers Rick Walk Windy City University Of Chica Halston Goolsbee Chicago Mercantile Congressman Chairman
Record number of Americans behind on car loan payments

WBBM Programming

00:51 sec | 2 years ago

Record number of Americans behind on car loan payments

"FM. Troubling new report out on household debt. A record seven million Americans are at least ninety days behind on their car loan payments, rising debt and growing struggle. According to the new York Federal Reserve, there are now a million more people behind on payments by three months, then there were in two thousand ten when delinquency rates were at their worst, economists Austin goolsbee as a former Obama White House official now at the university of Chicago, he says millions of car loan delinquencies, even for subprime high risk borrowers. Is a warning sign. I don't see how you could see at number like that and think oh everything's going hunky Dory for everybody. The New York fed says a large part of this problem involves borrowers under thirty with low credit

New York Federal Reserve New York Austin Goolsbee Dory Barack Obama White House University Of Chicago Official Three Months Ninety Days
Record number of Americans behind on car loan payments: Fed

Clark Howard

00:45 sec | 2 years ago

Record number of Americans behind on car loan payments: Fed

"Piper. A record seven million Americans are at least ninety days behind on our car loan CBS's, dean Reynolds, according to the new York Federal Reserve, there are now a million more people behind on payments by three months, then there were in twenty ten when delinquency rates were at their worst. Economists Austin goolsbee is a former Obama White House official now at the university of Chicago. He says millions of car loan delinquencies, even for subprime high risk borrowers is a warning sign. I don't see how you could see at number like that and think oh everything's going hunky Dory for everybody. The New York fed says a large part of this problem involves borrowers under thirty with low credit scores.

New York Federal Reserve Austin Goolsbee Dean Reynolds New York Dory Barack Obama University Of Chicago White House Official CBS Three Months Ninety Days
Record number of Americans behind on car loan payments

Clark Howard

00:45 sec | 2 years ago

Record number of Americans behind on car loan payments

"Piper. A record seven million Americans are at least ninety days behind on our car loan CBS's, dean Reynolds, according to the new York Federal Reserve, there are now a million more people behind on payments by three months, then there were in twenty ten when delinquency rates were at their worst. Economists Austin goolsbee is a former Obama White House official now at the university of Chicago. He says millions of car loan delinquencies, even for subprime high risk borrowers is a warning sign. I don't see how you could see at number like that and think oh everything's going hunky Dory for everybody. The New York fed says a large part of this problem involves borrowers under thirty with low credit scores.

New York Federal Reserve Austin Goolsbee Dean Reynolds New York Dory Barack Obama University Of Chicago White House Official CBS Three Months Ninety Days
Record number of Americans behind on car loan payments: Fed

WBBM Evening News

00:43 sec | 2 years ago

Record number of Americans behind on car loan payments: Fed

"The White House brags about the great economy. But there may be one sign of weakness. A new report says record seven million Americans are at least ninety days behind on core payments CBS's dean Reynolds, according to the new York Federal Reserve, there are now million more people behind on payments by three months, then there were in two thousand ten when delinquency rates were at their worst. Economists Austin goolsbee is a former Obama White House official now at the university of Chicago. He says millions of car loan delinquencies, even for subprime high risk borrowers is a warning sign. I don't see how you could see at number like that and think oh everything's going hunky Dory for

White House Austin Goolsbee New York Federal Reserve Dean Reynolds Dory CBS Barack Obama University Of Chicago Official Three Months Ninety Days
"goolsbee" Discussed on Wait Wait... Don't Tell Me!

Wait Wait... Don't Tell Me!

01:46 min | 2 years ago

"goolsbee" Discussed on Wait Wait... Don't Tell Me!

"There's been a lot of talk about trade wars this year, like the rest of you. Whenever we hear the word tariff, we just smile politely and secretly swallow the cyanide pill hidden under are false dude, but economists, Austin goolsbee has the power to make tariffs thrilling as he did back at March k.. You're the chief of the council of economic advisers for President Obama until about two thousand eleven. Is that right? Yeah, that's right it since since we now know there isn't one anymore for President Trump, what can you tell us about what is not any longer being done? Well, I have a friend who was on the council of economic advisers, longtime ago. And when I took the job, he said the job of the counts of economic advisers, like a good gardener is ten percent planting seeds and ninety percent pulling weeds. Right? And so the fear always as the condoms leave, nobody likes them. Nobody wants to talk to them, but they prevent some of the dumbest things from happening. And so the the fear would be more dumb things get through. Right. So given the job of the chief, the council of economic advisers to keep done things from happening, how do you think Eric cone did? Well. Well. The fact that it's seems that the president announced the policy at the end of a press conference and his own staff did not know that he was going to announce it suggests that maybe Mr. Cohn was not having the impact that he wanted to. Although I'm told sometimes the way to get the president to do something to tell them not to do it, so maybe should try to reverse psychology. I'm very subtle what you'd have to say. You know it, Obama would do put tariffs..

president Obama President Trump Austin goolsbee Eric cone Mr. Cohn ninety percent ten percent
"goolsbee" Discussed on The Axe Files with David Axelrod

The Axe Files with David Axelrod

02:49 min | 2 years ago

"goolsbee" Discussed on The Axe Files with David Axelrod

"And then the second legacy. Which is a contested legacy. That one is not contested. Everybody wanted us to avoid that. We avoided it will look. Many don't remember exactly how how orally those people want to look back. Because we lived in fear absolute borderline panic, and it was one of those where I don't know if you remember when they first turned on the the big particle accelerator in Europe. There were these there were these people who are out there protesting as they said. They thought it was going to start a black hole would swallow the earth. This in the financial crisis, it would be like it was the scientists saying, don't turn it on. We're about to have a black hole. You were be more nerve. The more informed you were about the financial system and the economy, the more scared your. I remember all meetings so so so I think that part is is not a disputed legacy, and it will be looked back as a major compliment. The second part that is still disputed, is this this argument that. Having higher income people pay more in taxes, having stronger regulations, rules of the road, protecting consumers, invest in the middle class, not high income people, big corporations that that's the driver of the economy. Obama tried to put that in place, tried to put in place a more closer to universal healthcare, partly with the hope that people could leave. They can start their own companies. They can do various things. We'd have potentially more economic dynamism that's east of staked out. A position Trump's position is very different from that position. So that's why I say it's still kind of a disputed legacy, but but I think they will remember it as well, whatever they, whatever they remember they will as they think about economic policy, they'll remember Austin goose because if nothing else is an unforgettable. I would still a joke, so Austin goolsbee. Thanks for your friendship. Thanks for being here. I look forward to many, many more conversations as the years go by. We had some. We had some great times together. Thank you for listening to the ax files part of the CNN podcast network for more episodes of the x files subscribe on apple, podcasts, Stitcher, or your favorite podcast app from our programming from the university of Chicago institute of politics, visit politics, dot EU, Chicago dot EDU..

university of Chicago institut Austin goolsbee Europe Obama CNN Chicago Trump Austin apple
"goolsbee" Discussed on The Axe Files with David Axelrod

The Axe Files with David Axelrod

05:04 min | 2 years ago

"goolsbee" Discussed on The Axe Files with David Axelrod

"What is with goolsbee? And I said, look, you're telling everybody skinny guy with the funny name still my. Never call me professor and Gul's. No, but and and you became a fixture around the Obama sort of policy shop in two thousand and eight and two thousand seven, two thousand eight when he was running for president. As I think I mentioned, we shared shared an office during that time. I wanna just talk about a two things that happened in that campaign because we could do a whole hour on it. But the first was the then Senator Obama made a speech at NASDAQ during that campaign. I think you were deeply involved in developing that speech and it was a real challenge to Wall Street. I remember I may be getting this wrong. I think one of your concerns was the corruption of the rating agencies and that they were. They were. They had basically they were conflicted because they were relied in private advice and then giving public ratings on different bonds. But there are other elements what was going on some of which had to do the housing market and his. This was a year before Leman brothers collapsed. But you remember putting that speech together. I, I remember that very well and an actually most things from before the financial crisis about the financial markets. If you go back and read them now they seem they seem like old black and white movies or something. There's just like totally foreign this. That speech really wasn't because it had to lessons if the speech was basically about two things. The first was if you remember, he went any said Wall Street may be on an island, but it's not an island. Right? And you. You can't think that the middle class is going to struggle the way it has for the last eight years or how many years that that's not going to have an impact on you on Wall Street. It is, and he said, so tomorrow I'm going to come out with a tax plan. That's that's for tax relief for the middle class, and you shouldn't be against my my program. You should be for it because we're all in the same economy and. And in that speech, it was about, look, if people can't make their mortgage payments that is going to come back on you and that is what what happened. And then the second part I roundly not. Ironically, interestingly was the same thing we're talking about before he said it doesn't make you anti market to be four rules of the road that if you rip up the rules of the road, so nobody can trust the information, you're setting yourself up for catastrophe and you shouldn't be against sensible regulates, you should be for it. It's good for the market. Right? And if you go back and look at that speech, yeah, there's some stuff that's outdated, but the those Russians are actually those are ideas. It was pressuring. The second thing is maybe a more painful thing when I remember sort of. Fun Lee, but the the whole NAFTA thing where you went to the the UN to the Canadian embassy. You were having a private discussion with them, but you were reported in a memo that went to the prime minister, I think, or the foreign minister in Canada as saying, don't worry about all of the anti NAFTA stuff that the president is speaking about because it'll be fine. I mean that he's going to be fine on these issues. What exactly happened. This, they'd be the short, the short. Wasn't wasn't what happened took for a long happen. That's that's not the the meeting in question was a meeting that took place months before the Ohio primary is when that thing, which we end damaging about Obama. If you go look at the memo, it was a question about the Democratic Party in which they asked me is the Democratic Party protectionist and I said, it's not looked at Democratic Party is not protectionist. Everybody's fighting kind of a populous food fight, but fundamentally Obama's position was what it was that we shouldn't throw out NAFTA, but we should put labor and environmental standards in the core of the agreement. The whole thing broke..

Senator Obama Democratic Party president Gul Lee professor Leman Ohio UN prime minister Canada eight years
"goolsbee" Discussed on The Axe Files with David Axelrod

The Axe Files with David Axelrod

04:35 min | 2 years ago

"goolsbee" Discussed on The Axe Files with David Axelrod

"We better not forget that. You met what? What before I leave this point, the other, the other ramification of all this seems to me is this extrordinary equality we've seen because if you're on the right side of the digital divide, the opportunities are boundless. If you're if you're on the disrupted side, you find yourself peddling faster and faster just to keep your place. And that seems to me a threat, not just to capitalism, but to democracy itself. If people feel the system as the president likes to sail in system is raised against against you. I agree with that a hundred percent and look. We've had episodes where regardless of party. Massive increases in wealth. Amongst small groups, they translate into massive political power and influence and in a world like that it in a way. It's not. It's not stable. I think this along standing trend and we can debate why inequality has risen. But if you don't think that high income groups have gotten more and more powerful, have a disproportionate influence on the debate as they've gotten richer and richer. I think you haven't really been paying a well as witnessed by the tax cuts cheer. So let's go back to your story you because we met as I mentioned two thousand four, we were scroungy little Senate campaign living for somebody to provide a political advice on the economy. You didn't even know Barack Obama. You know more about Michelle. Yeah, no. Him can't have -solutely Michelle, and we bunch of common friends. I knew Valerie, I knew Martin Valerie Jarrett men morning and friends of the president and the president's two daughters. My oldest kid is a daughter was also at the lamp school here, university between is in between those two. So I kind of knew of him from birthday parties and stuff like that. And they. So his people called me and say, oh, you know, he's running for the US Senate. Would you be willing to help? And I was like, you're talking about Michelle, Obama's husband? Yeah, of course. Some people still say them. And so I started sending you guys memos and they were on some of the craziest topic. So by the the Republican candidate dropped out, yes. We was an argument among the Republicans. Nobody wanted to another reputable, Illinois Republican to have a leg up for the next race. Let's all so they'd say I did if brought an African American candidate that somehow they could offset this very charismatic Africa. So free. Alan Keyes who's not even from the state, right? He starts proposing things in this. So the first thing I prepared you guys memo. Alan Keyes said that he wanted to follow. He was asked about slavery reparations and he said, we should follow the model of the ancient Romans and wave all the descendants of slaves from from all federal taxation for two generations. And he said, and my opponent would not qualify because he's not a, he's not a real African American. He's not the descended. So my challenge was, can you figure out how much that would cost? And I was like, I, we begin to tell you this crazy, but I was like, well, I'll get the current population survey, a fine income. I go of this. I came back and and I asked, look, do you want to net present value of this? Or you want me to add up forty years at numbers. The view was whatever's the biggest I said, okay, well, the is eight trillion and got that's perfect. So I'd write these. Welcome to all from professor goolsbee. Yes. And so nobody had. I remember that when you showed up for the first time, nobody he, he, he loved your name. He had this image of like a Butler, Br bring me my tax cuts. So yes. So you were there on that. One keys had proposed replacing the income tax sales tax, but exempting housing, food, clothing, transportation, senior citizens, poor people, so wouldn't be regressive..

Alan Keyes Barack Obama Michelle US Senate president Martin Valerie Jarrett Illinois Africa professor hundred percent forty years
"goolsbee" Discussed on The Axe Files with David Axelrod

The Axe Files with David Axelrod

05:10 min | 2 years ago

"goolsbee" Discussed on The Axe Files with David Axelrod

"Slash a. x. e.. I wanna get to him in a second because that's how we got to know each other way back in two thousand four when he was running for the US Senate, some guy name Austin goolsbee was supplying us with economic advice. Nobody ever laid eyes on you would come in over the transom or something, but but you you were a noted critic of the Bush administration economic policy as Nakamura in as a commentator and the notion you're critical of Martin Feldstein in the council of economic advisors in the sense that massive tax cuts would somehow pay for themselves and particularly tax cuts for wealthy people talk to me a little bit about that. Okay. In my own research, I kind of two areas one's a about industries and the internet. We kind of to the others about taxes, just bread and butter public. Economics and the role of government and and my research was critical, not not a personal way. Martin Feldstein is is a giant of the field. He's got some academic research which kind of pointed to something like a laugher type argument where they say, look, supply-side economics, style tax cuts can pay for themselves. Tags cuts are going to generate. Massive economic activity, or at the least it's going to lead high-income people to report a lot more income. If you lower the rate. And I long with a bunch of others did a series of papers of economic research, looking at the history of that, what does the history back that up or not in? And I think the history doesn't back that up at all. I think if you if you look at it histories quite clear that that's not the case, and yet we just went down, just went down. That's what it's going to say. I can't. It's hard. It's hard to know what to make of a world where we'd is do that again, and then it doesn't do what they promised it was going to do. And then they come back and say, oh, let's do it. We just did that. It didn't work and they say no, no. And they do it again and then and we, you know, since we're there, where do you think we, what do you think we are now we've with tax cuts have been passed. The economy in the short term seems to be roaring along. Something that's been going on. I'm sure you would point out for some time starting in the in the post Recovery Act period of the Obama administration. But where do you think? What do you think the long term impacts of these tax cuts are going to be. Look, I think the long term impact in my opinion is going to be relatively modest and the the fact that when they sold the tax cut, it was on the grounds. Our we're gonna do this, and it's going to raise the average workers wage by four thousand dollars. And then real wages are at best stagnant and and I think since tax cuts been enacted, real wages actually might have fallen. And if you say, you know hashtag, where's my four thousand dollars. Then they kind of say, well, no, we never meant that it was going to be right away. And who told you that do wages we're going to go up? I think that's exactly what you would have expected and that's what you got. What does the was that corporate? The corporate corporations would prosper and they have, yeah, and balanced. Hey, higher wage right now, the those far they haven't now may you might say, well, maybe they will five years. Haven't wages gone up given how far unemployment has element that has a big puzzle in the economists are arguing about that a lack because it does seem like the job market is very healthy. You know, the unemployment rate lease looks low us. The number of jobs created has slowed a bit. You know, from the from the end of the Obama, administration is still pretty strong. The hypotheses. Include one that the unemployment rate isn't doesn't mean the same thing as it used to mean that you know three point eight percent with as many people with the share of out of the labor force being bigger than it than it ever was before three point, eight percent today is whatever is the is the old four point, eight percent or something so that maybe there's still some slack in the labor market..

Martin Feldstein Obama administration US Senate Austin goolsbee Obama Nakamura eight percent four thousand dollars five years
"goolsbee" Discussed on KCBS All News

KCBS All News

01:36 min | 2 years ago

"goolsbee" Discussed on KCBS All News

"Pharmacist for theraworx relief Five oh three at. The bay area's news. Station KCBS we're. Going to see. Temperatures back in the nineties over the weekend, will break down that we can forecast in just a few minutes thanks for joining us I'm. Geoff bell I'm Patty rising here's what's happening before the wine country fires the, city of Santa Rosa's trying to figure out how. To deal with their large budget deficit but as KCBS is Megan. Goolsbee joins us live to report last year's fires. Made it an even, bigger and more immediate problem Megan Daddy now says Santa Rosa mayor the city is dealing with a. Fourteen million dollar budget deficit that outside of the nineteen million now spent from, the emergency reserve will we're thinking about pretty much. Everything Large I mean fourteen million. Dollars is is always somewhere around seven or eight percent of our, general fund so, we have to look at everything that includes hotel taxi says along with the new sales tax at the housing bond the mayor knows that is a lot to ask Decision for us because I'm, not, sure, that the voters. Who have an appetite for one? Tax are going to have an, appetite for three they're also considering eliminating some empty city jobs being created with budget. Cuts says Roseanne city council member Julie combs for example we now have a policy of fixing potholes forty eight seventy two hours would it really. Be that, bad if it took a week idea. She says this to make sure our community that still recovering isn't victimized again year can we how we're. Providing the services and make the kinds.

Megan Daddy Santa Rosa Cuts Geoff bell Julie combs Goolsbee forty eight seventy two hours Fourteen million dollar eight percent
"goolsbee" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:05 min | 2 years ago

"goolsbee" Discussed on Bloomberg Radio New York

"Moskow our guest is austin goolsbee he is an economist currently the robert guinn professor of economics at the university of chicago's booth school of business formerly serving as the chairman of the council of economic advisors in the administration of president barack obama professor goolsbee i wanna turn your tension out of gasoline prices and tax cuts because the average price of a gallon of gasoline is estimated to be about two dollars and eighty five cents though if you're listening in california you know you're paying more than three and a half dollars a gallon in massachusetts you're paying over three dollars in new york as well over three dollars i'm wondering if you can speak about the tax cut that was supposed to put money in people's pockets do you see that as just being spent now on higher gasoline prices it probably is you know the for for the middle class and regular people as you know the tax cut was pretty negligible it's not gonna add up to a whole lot and they're gonna do it automatically withholding so so a lot of people aren't even going to see it and that's why in the polls most people are saying they don't they don't see any tax cut the i think has a lot to do with with iran and the geopolitics why the price of oil is going up this much for a lot of people it is that as the price of gas goes up that is going to eat into whatever the whatever the tax cut they were gonna get there's some part of the of the country where my parents are are in abilene texas out in west texas they do really well when the price of gas goes up because that's where they you know they pump the oil over there but for a lot of people the price of gas going up that much is not gonna be good you know so i think we'll have to see what happens to consumer spending so consumer spending is one side of the economic equation right now and what they're earning is kind of the other why are we seeing faster wage increases i know this is.

chairman california massachusetts new york iran abilene west texas robert guinn professor of econ university of chicago booth school of business president barack obama professor texas three dollars two dollars
"goolsbee" Discussed on Wait Wait... Don't Tell Me!

Wait Wait... Don't Tell Me!

01:52 min | 3 years ago

"goolsbee" Discussed on Wait Wait... Don't Tell Me!

"Clearly these people cannot be punished enough bill how did door territory think she did pretty well the new vis the wonder bj good seven ride fourteen more bressette that was impressive tara all right we've limping coin alonzo as selected to go second here we go villamblain on thursday donald trump accepted an invitation to meet with the leader of blank for nuclear negotiations north korea right on tuesday lawmakers in west virginia to pay raise to end a blank strike teacher right after a contentious 10day battle a hotel owner and blank khobar to off trump's name from his building panama right at the passing a giant sign that's at police ahead stay off your phone on tuesday eighty nine people on the same stretch of vancouver highway we're ticketed four blanking calling uniform exactly it and see the sign because they're on their phone after the fcc overturned obama era regulations washington became the first state to pass its own blank rules ultra rightists make a teenager watching black panther and a theater reacted to michael jordan's shirt was seen by blanking she put down so archie broke the wiring her braces that's exactly right that too little unfair 'cause black people are required to know everything about black letter is like a test every absolutely absolutely you don't want to get a black pepper question role will not especially with so this this young lady was watching the movie and she reacted so strongly to michael jordan seeing that she snapped an brooke is actually her retainer and watch how do we know about this well the girls orthodontist put up a picture of the retainer on instagram actually on tumbler and said you're not gonna believers one of my patients broker retainer 'cause you associated basing michael jordan and the girl in question sought and she basically said oh my god that's me and then.

donald trump west virginia panama fcc washington brooke michael jordan alonzo korea khobar vancouver obama archie 10day
"goolsbee" Discussed on Wait Wait... Don't Tell Me!

Wait Wait... Don't Tell Me!

01:48 min | 3 years ago

"goolsbee" Discussed on Wait Wait... Don't Tell Me!

"Here is your next limerick over me all my screens hold a power more than fifty nine minutes per hour good for me this new curtain keeps addiction from hurting i could now use my phone in the shower as you say that with such sadness at it's frustrating everybody knows as you get to spend every second of your day staring at your wonderful beautiful phone except for those horrible wasted minutes that you have to spend taking a shower that nightmare has ended thanks to these screen holder shower curtain works just like a regular shower curtain but it has clear pockets to hold your iphone or ipad so you can experience every text tweet snapped graham and have the world's worst facetime call busy ma all right here is your last limerick i don't care of those folks call me crazy you're a good boy for sure and not may be my beautiful puppy will never act upi i'm talking to him leica right researcher came out this week shown that the best way to communicate with your dog is also the most embarrassing way baby talk we all know what i'm talking about that little idiotic voice you very intelligent people use every time they see a dog whose uku girl did you ever put party did you did you ever go potty right now my dogs are looking at the radio right now going ooh scientists from the university of york tested speech patterns on dogs and it turns out there are more likely to interact with higher pitch voices and or voices that smell like bacon.

graham researcher university of york fifty nine minutes
"goolsbee" Discussed on Wait Wait... Don't Tell Me!

Wait Wait... Don't Tell Me!

01:36 min | 3 years ago

"goolsbee" Discussed on Wait Wait... Don't Tell Me!

"Bold when his cohort constable johnson and i witness quoque to the biscuit burglar as saying if someone with stupid enough to leave the biscuits out than them the chairwoman of the tribunal not heed as jarred pointed out to sarah blake that an offer had been made to replace her biscuits to which ms blake replied with the understandable angst of a hungry victim by that time the biscuits had been tin hau what's he going to put them biscuits back pc hooper has been cleared of the allegations and has returned to full duties presumably packing his own hobnobs and jimmy dodgers all right there one of them is true and real investigation by the british authorities wasn't from alonzo bowed and an investigation by british intelligence into the possible hacking of britain's gun talent by the ruskys from tarik land sea and investigation as yet unsolved to do who might be dressing flocks of sheep and period costumes and lastly from face daily an internal affairs investigation of a police officer himself accused of stealing a tin of biscuits from the break room which visas the real story and british crimefighting i want to go with myth families all right you have chosen face silly story to bring you the quick answer we spoke to a reporter covering the real case at least in top london with unrestricted kike because he with the keith at feeling a hint of cookie at high.

constable johnson hooper britain officer reporter london keith sarah blake ms blake jimmy alonzo
"goolsbee" Discussed on Wait Wait... Don't Tell Me!

Wait Wait... Don't Tell Me!

02:21 min | 3 years ago

"goolsbee" Discussed on Wait Wait... Don't Tell Me!

"Britain's got tired yvette story of law and order a d carpet sales from terek lindsey in the tiny town of with the come local police are investigating a mysterious case involving the chattels of local sheepfarmer percy blaze be on the morning of march fourth blaze be went outside shortly after dawn to find every last sheep in his flock of thirty dressed as lords and ladies in elizabethan narrow period costume i was well shocked says glaze beat the leagues in had so easy enough to pluck off but it took me most of the day to wrestle amana their corsets according to some set county pc james adams this is a rather unusual case i've not seen one like this before no suspects have yet been identified despite his initial alarm miss the blaze be did maintain a sense of humour over the incident saying my flock look like they could any minute break into a right prop up production of as you like it get it you the wicket we in dressed in period costumes in britain that was a very good british accent by the way too you last remaining investigation comes from faith saily it's one to stump sherlock himself the case of the hand in the cookie jar the crime on the seventh of may 2016 and their london station police constable thomas hupa is accused of stealing inspect the sarah blake's biscuits out of the storage cupboard at work at ten of them with two tiers of biscuits the motivation cookies our delicious recently a local tribunal heard testimony on what has come to be known as biscuit gate the misconduct trial took three days during which hooper's defense attorney assured the panel the biscuits had been left out and there was zero evidence they were taken from a cupboard sticky fingered hooper himself testified that he had intended to share and replace the cookies but his testimony.

Britain james adams sherlock thomas hupa sarah blake hooper attorney yvette london three days
"goolsbee" Discussed on Wait Wait... Don't Tell Me!

Wait Wait... Don't Tell Me!

01:42 min | 3 years ago

"goolsbee" Discussed on Wait Wait... Don't Tell Me!

"Who authentically rush as dancer vlade olding's advanced past the second and third rounds there was a surprising upwelling of support for him on social media the hashtag why not vlade was tweeted out a hundred seventy five thousand times in the course of a single hour with tweets reading it's time for russian dance to take place is the best dance in britain and russian dance much much greater than silly kilt dancing producer john keane explains quote we liked blog from the beginning and we love that type of online popularity which helps us market to show but we noticed many tweets were coming from saint petersburg and moscow which was a red flag no pun intended then we looked at the time it tweets went out and we realize they hit a peak one hour before he actually perform scotland yard was called in who called in mi six as it may have been a foreign attack on the sovereignty of british talent competitions at first the counterintelligence experts thought it was silly but been one anonymous agents said quote we got a call from america's nsa asking why we were checking in address they were monitoring maybe it was the same fellows who hacked the american election maybe russia's running their own talent competition for hackers it's still might have worked out but whoever was running the hacking operation didn't plan on one day singer deborah bailey's reddition of and i am telling you in the semifinals she blew dancing vlade right off the stage right out of the show.

britain john keane saint petersburg moscow america russia deborah bailey vlade olding producer scotland one hour one day
"goolsbee" Discussed on Wait Wait... Don't Tell Me!

Wait Wait... Don't Tell Me!

01:41 min | 3 years ago

"goolsbee" Discussed on Wait Wait... Don't Tell Me!

"Right people have signed the petition the guys that we can't go to what a state in two two this is minnesota home state of the woman he jolted who was back a lawyer or somebody like and this is the true this actually it's it's introduces a bill in the minnesota legislature does metastable law apparently and i know you're dying to know what happened between a you are between ari and beckett and lauren so he hit he had dumped lauren apparently but then he had second thoughts about her because lauren and she put it took her walls down right and beca will have a revenge by getting another wall built in mindy lauren pay for it his binding when you promised to marry a more isn't us it's like just for the show india's married hernandez can't have a lesbian version of this show right there will be one episode we we like with the that via could what is seen seconds yeah and then and then were loves me bachelart reading us and then they they they rejected each other with the all remain friend like amen do you have to be in touch with all however many people are on the show i've never seen this before how many how many contenders thirty bachelor yeah you'd have to know them for the rest of your life we think of that would be walking down the street they'd be following you like ducklings home should know that i am a lesbian right israel no one can see me if you could see me you wouldn't have to add.

ari india hernandez israel minnesota beckett beca mindy lauren
"goolsbee" Discussed on Wait Wait... Don't Tell Me!

Wait Wait... Don't Tell Me!

01:41 min | 3 years ago

"goolsbee" Discussed on Wait Wait... Don't Tell Me!

"We would not have accepted green energy just days after hope hicks said she was leaving the white house a senior economic advisor gary cohn announced his resignation people keep referring to the revolving door of this white house but noone is going in it's not involving door it's a trash shoot but even though he says there's no chaos nokia's trump also said this week will lakes conflict and he likes he said watching two or more of his aides fight it out in front of him often with chair legs or that busted winston churchill they kept we finally understand why he had a remodelled as the octagon office it's getting to the point that working at the white house you come and go so fast pretty much any one's going to be able to say i worked at the white house right like it's because i don't know about you think i was there for two weeks i had you just not going to be able to prove that you didn't it no no i really wasn't there black lives departure as i said from of the white house was gary cohn who trump during his farewell cabinet meeting on tv trump repeatedly called him a globalist globalist cone people said globalists' was just a sly way of saying ju but i think that's giving trump too much credit it's not like there's a second meaning of globalist he doesn't know what the first one you know he thought coned played for that funny basketball team harlem globalists'.

hicks white house gary cohn nokia winston churchill advisor coned harlem two weeks
"goolsbee" Discussed on Wait Wait... Don't Tell Me!

Wait Wait... Don't Tell Me!

01:52 min | 3 years ago

"goolsbee" Discussed on Wait Wait... Don't Tell Me!

"Have you guys been following the saga the affair store to me the optics on the headline are not good trump gags porn star it's incredibly complicated the woman's name is stormy daniels but her real name is stephanie clifford but in the contract with trump she is referred to by the pseudonym peggy peterson is so tough to keep all the name straight fortunately for trump when he gets excited he only shouts out his own name really who i really feel sorry for peter who i actually have a friend who runs a comedy club in near seattle and his name is dave dennis on i imagine his twitter feed is myden bizarro i even you know trying to cover this up in they're lying about it you know trump in his heart of hearts wants to brag about it i'll pornstar if he could he'd land and f sixteen honor and raise a mission accomplished been you know somebody's job is to keep him from doing that yeah mike tyson they said mike tyson paid a guy who would just walk around behind him going you at a champions you've been somebody is paying someone right now to follow trump around like don't say don't say don't sir all right you out here is your next quote new fake news narrative is that there is chaos in the white house wrong there is no chaos solely gray energy that was the president of course reacting to widespread reports that there's a lot of what in the white house uh that there is a lot of indeed yes.

daniels stephanie clifford trump peggy peterson peter seattle dave dennis mike tyson white house president twitter
"goolsbee" Discussed on Wait Wait... Don't Tell Me!

Wait Wait... Don't Tell Me!

01:38 min | 3 years ago

"goolsbee" Discussed on Wait Wait... Don't Tell Me!

"Well joe welcome to our show let me introduce you to our panel first up a contributor to cbs sunday morning in the host of science goes to the movies on pbs it now has its own youtube channel i'm talking about faith silly next the comedian performing and royal oak michigan april twelve to the 14th at the comedy castle it's alonzo boating and we're working to the panel this week a new panelist use a regular host of the moths live shows her memoirs called the clancy's of queens its tarik clancy so joe you're gonna play who's bill this time bill curtis is going to review three quotations from this week's news of course if you can correctly identify or explain two of them you will win our prize the voice of anyone from our show you choose on your voice mail you ready to play but do it all right you frisco is a headline we saw on cnn jews taking the white house by stormy that not a headline of big lizard this week but about allegations that donald trump had paid hush money to whom arabiya stormy being stormy daniel you have to get the donald trump credit we've known for about three months that he paid off a porn star right before the election to keep her from talking about their affair in it wasn't a big deal people are like trump porn star hundred thirty thousand dollars that's a little high it's so bizarre when they make a documentary about the trump era someone will have to make a non porn a parody.

tarik clancy joe bill curtis donald trump royal oak michigan alonzo frisco hundred thirty thousand dollar three months
"goolsbee" Discussed on Wait Wait... Don't Tell Me!

Wait Wait... Don't Tell Me!

01:33 min | 3 years ago

"goolsbee" Discussed on Wait Wait... Don't Tell Me!

"Support for this npr podcast and the following message come from the hbo comedy series divorce starring sarah jessica parker and thomas hayden church catch up on divorce before new episodes premier on sundays at ten pm on hbo from npr and wb easy chicago this is wait wait no doubt length the npr news quiz what kanda forever i'm bill founder bill curtis and heritage arose that the chase bank oh god big here consumer find your view today like everybody else we've been hearing all this stuff about tariffs in that they're a great idea and that there are terrible idea and that they are in fact both so we are confused we thought we bring on an expert that's austin goals we use a former white house economic advisor we don't expect him to understand any of this either but we're hoping his confusion makes us feel better about all so give us a call we'll talk about stuff that's over all our heads the number is one triple eight wait wait that's one eight 894 894 let's welcome our first listener contestant hi you're on wait wait don't tell me hey how's it going let's go well there's this joke on burma rutland vermont rutland vermont i know rutland that's up there by the mountains right it is over by killing could mount yeah you a skier no no i'm abri here you're you just go right to the point where you drink i think that very smart.

npr chicago bill curtis advisor burma rutland vermont rutland rutland hbo sarah jessica parker thomas hayden church founder austin white house