Goolsbee on big red balls and tax cuts

This short video from President Obama's pick to become president of his Council of Economic Advisers has become quite a hit, not least for its in-your-face, punchy delivery. It is about the debate on extending the Bush tax cuts, and it kind of speaks for itself. (Hat tip: Salon)

"If you ask objectives economists and analysts around the country about what is effective, you will find that everyone agrees that these giant tax cuts for very high income people are the least effective thing that we can do to get the economy growing."