Word: austan
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Dates: during 2000-2009
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Orszag has been an unabashed behavioral geek ever since he read that 401(k) study. His deputy, Jeff Liebman of Harvard, is a noted behavioral economist, as are White House economic adviser Austan Goolsbee of the University of Chicago, Assistant Treasury Secretary nominee Alan Krueger of Princeton and several other key aides. Sunstein has been nominated to be Obama's regulatory czar. Even National Economic Council director Larry Summers has done work on behavioral finance. And Harvard economist Sendhil Mullainathan is organizing an outside network of behavioral experts to provide the Administration with policy ideas...
Even so, a recession is under way. The goal now, said economist and Obama aide Austan Goolsbee, is to prevent a depression. Obama also sees in the current mess a rare confluence of both crisis and opportunity that gives him the chance to remake the U.S. economy. After months in which members of his own party wondered how Obama could keep all his promises in a single term, he is now setting the stage to attempt far more in his first year in office than seemed likely just a month ago. "We're coming in," noted Goolsbee, "with a bang...
...severely constrained by an economy in turmoil. Douglas Holtz-Eakin conceded that McCain's promise to balance the budget in four years is off the table. "The events of the past few months have completely thrown a wrench into that - there's no way round it," he said. Austan Goolsbee, who counsels Obama, spoke grimly of "the hole we've dug" as a nation...
...Obama's losses to Hillary Clinton in the March 4 Texas, Ohio, and Rhode Island primaries were bookended by incidents involving Obama policy advisors, Austan Goolsbee and Samantha Power, who became enmeshed in controversies involving some of the most significant issues of the campaign: NAFTA, the Iraq War, and Obama's professed rejection of negative campaign tactics...
...Goolsbee and Power have much in common. Both are affiliated with leading academic institutions - Austan Goolsbee is an economics professor at the University of Chicago, and Samantha Power is a foreign policy expert at Harvard (as well as a columnist for TIME). Both joined Obama's team early on as the senior advisors within their policy areas, and, both enjoyed warm personal relationships with the candidate and the political professionals surrounding...