-By Warner Todd Huston
Austan Goolsbee was once considered an up-and-coming light in the world of economics. Then he put himself into Barack Obama’s orbit and turned himself into a political hack with no principles at all. Now he’s trying to redeem himself by backing away from some of Obama’s “economic “fixes” that failed so spectacularly.
During an appearance on MSNBC, Goolsbee admitted that the Cash for Clunkers program and the home buyer tax credit passed in 2009 were “short term gimmicks” that did not help heal the economy…
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