If you know me at all, you can probably guess that I LOVE when economic stuff is on Comedy Central. (I also love when kittens in Kleenex boxes are on Comedy Central, but that is less relevant to this particular site.) Therefore, I was very pleased to see Austan Goolsbee on The Daily Show the other day. In case you aren’t familiar, Goolsbee, in addition to being my friend’s roommate at Yale, was one of the main economic advisers to the Obama campaign and is now the Chief Economist on Obama’s Economic Advisory Recovery Board. (And no, I had no idea what that was either. Apparently it’s a group of non-politicians who get together and think of how to get out of the current mess the country is in. Wow, that sounds like, uh, fun? Maybe this is the stealth replacement for waterboarding as a form of torture.)
In his interview, Goolsbee explains why the country is not broke, despite being “in a tough spot.” My favorite part is the following exchange:
Jon Stewart: “Are we too big to fail? Are we, as a country…and who would bail us out, and…could we qualify for the ‘Countries for Clunkers’ program?”
Austan Goolsbee: “It depends what kind of gas mileage we’re getting at this moment.”
Anyway, here you go…
|The Daily Show With Jon Stewart||Mon – Thurs 11p / 10c|
IMHO, he is (for good reason) more optimistic about the impact and reasonableness of the stimulus spending than perhaps he should be, and he doesn’t go into as much detail as I would like, but it’s an interesting chat nonetheless.