White House White Board: Austan Goolsbee on Startup America

[jdick0009]

Who tied his tie? My God. This bridge is a total socialist economic folly. The reason there is such a gap is because the free market has created one. It's a strategic asset because it ensures that only the best small companies become major companies. Great companies and start-ups that are going to be successful need a STABLE regulation environment so they can gauge a long term plan of profitability. Then ACTUAL free-market VC can come in. This is a bridge to economic nowhere.

[krazygoat]

It is time for America to be as protectionist as other countries. With countries that have open and free trade and open monetary systems we will deal with in an open and free manner. But countries who are protectionist and artificially deflate the value of the currency to keep their exports high we will be protectionist with them.

[krazygoat]

There should be NO tax inceptives for companies doing business overseas and giving up innovation for a foothold in a foreign environment. For an American business to start in China they have to be a minority stakeholder with a Chinese investor AND turn over IP related to their products AND they are not given any guarantees for any contracts even after turning over IP.

[krazygoat]

Goolsbee is smart, witty, very straightforward, as well as being a pragmatist. Conservatives and some Liberals hate him for this. The government needs to spur innovation in America. It is our creativity and starup know how that has always helped up grow. But they also as rickbar123 said make sure that innovation stays American and is exported overseas, instead of offshored and foreign tax shelters and imported back in on the backs of slave labor and at the expense of American workers.

[Teenagefreedomfightr]

I watched this whole thing completely on the fence as to whether this is a satire or not. The kind of capitalistic naivete that states that all big corporations do is bring a good idea a long way with the sweat of their brow is befuddling coming from an administration that deals with them and their failures on a regular basis.

Stating that the thing to do to create these apparent "magic seed" businesses is to throw cash at them and throw the book away sounds like Reagan or Nixon.

[dkkght46]

This is funny, said just like an academic who has made anything especially money his whole life. He definetly does not know anything about how to build something if its the economy, a home, or a building. Start-up America sounds really like ‘Shut-down America’. You have to level a building and ensure a stable base before you can fundamentally rebuild it.

[rickbar123]

Is Goolsbee working for the US Chamber of Commerce??? Forget this bullshit. Limit imports NOW. American Corporations have offshored jobs, bank accounts, profits and headquarters to avoid paying their share of taxes and avoiding regulation. American Corporations are not loyal to America. Cut off America's market to them and see how fast they start to manufacture in America again. Innovation in America today gets shiped to low wage countrys for manufacture. FUCKING SPARE THE WORKING MAN THIS BS.

[agitcam]

Start up the WPA. Jobs are needed now. This is a long-term system which might work but it's complicated. This is a corporate strategy meant to make them happy. Stop trying to make Republicans and their bosses the corporations happy. A WPA re-building bridges and building new ones. More could be accomplished by cutting the military budget in half. Stop fooling around and start a WPA. We are in a depression and all your denials won't make it any less true. The economy is faltering. Jobs now.