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Former Obama economic adviser Austan Goolsbee breaks down the first presidential debate and Obama's defense of his economic record
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High stakes debate the economy Austan Goolsbee is a former chairman of president Obama's council of economic advisors he -- is good evening Austin and yeah I noticed -- tweet by yet.
Rick Klein from ABC when he says that -- he's quoting US it it showed the presence been busy with other things wasn't drill down on real concise answers.
And at the present.
Kinda tired tonight.
Are those fair quotes are what I have said that I had said it in the context of I thought stylistically.
Governor Romney look pretty strong and it and had come out was was tightened incisive look like the president stylistically was a little tired.
I think substantively.
The governor Romney opened up to a couple of cans of worms that he may regret you know will -- it -- -- how these play out in which.
He'd rather substantively.
Changed what his plan is or what he's been claiming his plans were.
In the tax area.
And then when they got into a -- long very detailed discussion about health care that.
I wonder if it would if it was a little -- in the weeds for for most the people watching but I think that.
As we go into tomorrow the question of is it a stylistic.
You know the impressions if if Obama wasn't looking at Romney and Romney was looking and and Obama will that matter more or will it matter more that Mitt Romney.
Fundamentally change the tax plan now to say it's there's not going to be a tax cut but he doesn't have any way.
-- he actually pay for night I think those -- substantive issue may come up a little more.
RI you may want to identify.
Because you're so close to the president in I -- I look I think it goes into three categories what you said something can be false that he -- you misstated the facts.
Or he could have a bad economic analysis or he could change his policy which I think is just what you made reference to let me go back to the other two.
Was there anything that he said tonight that you noted was factually incorrect and I realize it's -- off the cuff but anything.
Yes I I think they were a couple of styles one -- if you look at the tax plan that.
Governor Romney's before we've been very specific about what that tax cut part of that would be and those do add up to five trillion dollars.
And so when the president said you can't come up with enough deductions to pay for five trillion dollars.
Therefore you either have to raise taxes on the middle class or.
You have to blow up the deficit.
I think from for Mitt Romney to keep reiterating -- my plan is it won't increase the deficit and it won't increase taxes on the middle class.
That's either a new policy that he's saying the tax cuts will not be what he's been saying or else it's factually not correct.
-- -- and analysis or bad economic analysis of is not adding.
Things up -- did not may have been made it.
-- about it might be if you are a lot of college that and I thought the other though -- we were they were getting way into the weeds when they when they started talking about it where.
Some of the analyses of the small business and what share of people work at certain kinds of small business and how much -- taxes would go up.
I think there were.
I.
Most of the data that was coming out of the -- statistics each year.
As -- debate technique a thought though if they both kicked out of the weeds and so confused everybody it.
Tends to be suitable -- the united I think I think that's true whenever I so could CEOs.
-- I think that's true and I think on average.
That probably favors the challenger you know because and and as I say stylistically I thought that -- did have a strong night any any looked quite prepared.
And quite fresh he didn't look over programs.
And if it comes down to -- why should be -- or one guy says no that's not my plan.
Yes it is your plan I cover preexisting conditions no you don't there's an iPad board you know you get into this.
I don't know that everybody was following all of the details even of Dodd-Frank you know do people.
Really know all the details of what's in the financial regulation I'm not sure so I think in the end that might end up being a watch.
Even one bullet points.
Thing that you wish the president gotten across on the economics.
What do you what do you want him -- -- He does a good question I thought.
That the Mitt Romney.
-- level the series of accusations against the president usually kind of in these groups and he kept.
Including in that this charge that the president.
Was cutting 716.
Billion from Medicare.
And it didn't seem like that the president got a chance to do that they did that he -- refuted that.
When in fact that there's been an ongoing debate where that the critics of governor Romney say well wait a minute this Romney Ryan plan has that same 716.
Billion dollar cut in it.
I thought the president probably should've done more pushing back on now.
Austin thank you as always yeah agreed to see again Greta.
Straight ahead time is running out.
