Goolsbee: Another Bad Blow
Former Obama economic adviser Austan Goolsbee sounds pretty pessimistic about Europe, saying things will be bad for the US if Greece defaults. It sounds as if he enjoys being honest now that he's not in government.
I don't quite see how they get out of this box... at the least it's going to be another bad blow for the economy. I think that's why we should be focusing on trying to shift to exports, shift to investment, and get ourselves growing, because we shouldn't be looking for help coming from Europe.