Wednesday, June 03, 2009

And the East German judge...

This is pretty hi-grade snark.


After taking a few shots from Jack Welch, Joe Stiglitz and Meredith Whitney at a Vanity Fair/Bloomberg panel, Council of Economic Advisers member Austan Goolsbee fired back with a pretty rousing defense of administration policy.

Look, we enter[ed] the government essentially in a hotel that is on fire. We’re throwing people from the windows into the pool to save their lives and this is the evaluation of the Olympic diving committee.[...]

The fact that we are here to bitch about the economy and about this policy and that and the budget forecasts for GDP growth are 1 percent too low, I’m thrilled, I’m overjoyed that we aren’t all out of our jobs and we prevented the Great Depression. That in itself is an overwhelming accomplishment.

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