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.