Barack Obama on his economic policy, 10/17/11:
“I guarantee it’s going to be a close election [in 2012] because the economy is not where it wants to be and, even though I believe all the choices we’ve made have been the right ones, we’re still going through difficult circumstances.”
Barack Obama’s economic adviser Austan Goolsbee, 10/20/11:
Former Obama administration economic adviser Austan Goolsbee said Thursday that if given a second chance he would not have backed the Cash for Clunkers program or the home buyer tax credit passed in 2009 to stave off further economic distress.
“Because we didn’t know if [economic recovery was] going to be short or long,” the Obama administration tried measures to address both scenarios, Goolsbee explained on MSNBC’s “Morning Joe.”
“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,” Goolsbee added.
Here’s a question. Does Obama ever listen to the advice and analysis of his own advisers?
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