President Obama, October 19: “I believe all the choices we’ve made have been the right ones.”
Former chairman of President Obama’s Council of Economic Advisers, Austan Goolsbee, October 20:
If you look at cash for clunkers or the first home buyer tax credit, they were geared to trying to shift [recovery] from 2010 into 2009. Given it’s taken this long [to recover], I don’t think you would do that short-run stuff.
I wonder if Goolsbee was secretly telling the Canadians it was a bad idea the whole time.