Topic: Austan Goolsbee

White House economist Austan Goolsbee proposes reforms to the patent system, including expedited processing for higher fees. During a National Association of Business Economics meeting, a speaker tells a story about Alan Greenspan's videotaped calls for better economic data being destroyed in the September 11 attacks. The hosts find the audience's laughter at the anecdote suspicious.

Austan Goolsbee, Chairman of the Council of Economic Advisers, used a whiteboard in a White House video to explain the administration's stance on expiring Bush tax cuts. The hosts criticize the "infantile" presentation style and Goolsbee's claim that "the science is in" regarding the ineffectiveness of tax breaks for high earners. They argue the video is a propaganda tool designed to simplify complex fiscal policy for a "slave" audience.

The hosts debunk the "tax cuts for the rich" meme, explaining that the Bush-era cuts applied to all income brackets. They argue that the Obama administration's plan to let cuts expire for those earning over $250,000 will negatively impact small businesses that file as individuals. The segment concludes with a critique of the media's role in propagating misleading fiscal narratives.

Austan Goolsbee, the new chairman of the Council of Economic Advisers, is mocked for his appearance on the Ed Schultz show. The hosts compare Goolsbee's voice to football coach John Gruden and criticize his lack of real-world business experience, labeling him another "academic" twerp tasked with fixing the economy.