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Posted By Conn Carroll On October 22, 2010 @ 2:00 pm In Ongoing Priorities | Comments Disabled
It doesn’t matter who asks the question (CNN , Gallup , Pew , Fox , ABC , or CBS ) the answer is always the same: the American people believe President Barack Obama’s $814 billion economic stimulus failed. The White House believes that this is a failure of communications not a failure of policy . Enter newly minted White House Chair of the Council of Economic Advisers, and 1991 college National Debate Team of the Year champion, Austan Goolsbee.
Goolsbee has begun doing a series of videos trying to convince Americans that, despite nearly a trillion dollars in deficit spending and unemployment near 10%, President Obama’s economic stimulus was not a failure. Here is a link to his latest effort . As you can see its an up hill climb.
Keith Hennessey, former Director of the U.S. National Economic Council to President George Bush, thinks Goolsbee is trying to pull a fast one on the American people. You can see his video response  to Goolsbee embedded to the right.
We think Hennessey’s work speaks for itself but, since it apparently can never be explained enough in this town, here is Why Government Spending Does Not Stimulate Economic Growth .
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2010/10/22/goolsbee-refudiated/
URLs in this post:
 CNN: http://articles.cnn.com/2010-01-25/politics/poll.stimulus.money_1_opinion-research-corporation-poll-stimulus-bill-wasted?_s=PM:POLITICS
 Gallup: http://www.gallup.com/poll/142967/Among-Recent-Bills-Financial-Reform-Lone-Plus-Congress.aspx
 Pew: http://www.politico.com/news/stories/0410/36544.html
 Fox: http://www.foxnews.com/story/0,2933,485147,00.html
 ABC: http://thehill.com/blogs/blog-briefing-room/news/122527-poll-two-thirds-think-stimulus-was-a-waste
 CBS: http://www.cbsnews.com/htdocs/pdf/poll_Obama_071309.pdf
 The White House believes that this is a failure of communications not a failure of policy: http://www.nytimes.com/2010/10/17/magazine/17obama-t.html?pagewanted=print
 latest effort: http://www.youtube.com/watch?v=QmybtPlga1U&feature=related
 video response: http://keithhennessey.com/2010/10/21/other-side/
 Why Government Spending Does Not Stimulate Economic Growth: http://www.heritage.org/Research/Reports/2010/01/Why-Government-Spending-Does-Not-Stimulate-Economic-Growth-Answering-the-Critics
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