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In The Loop
Posted at 11:30 AM ET, 03/05/2013

Goolsbee wins a dubious award


Austan Goolsbee, left, and Michael Boskin testify on Capitol Hill last week. (J. Scott Applewhite - AP)
The Loop award for the most horrible new word from Capitol Hill for 2013 — yes, the year’s young, but we’re pretty confident — goes to Austan Goolsbee, who was President Obama’s first chairman of the Council of Economic Advisers and is now an economics professor at the University of Chicago.

Goolsbee, along with Bush I council chairman Michael Boskin, testified last week at a hearing of the Joint Economic Committee about the state of the economy.

Goolsbee, responding to a question from Rep. Richard Hanna (R-N.Y.) about the effect of foreign competition on the workforce, said the country needed “to make adjustments in how to train workers.”

Given changes in technology, he said, “we will have to and we should make quality investments in training.”

Technology has changed training needs, he said, but “let’s not overly dreadfulize it, if that’s a word ... ”

No, Austan, it’s not a word. Verbalizing nouns and such (accessorize, for example, or cannibalize) is common these days and often serves a real purpose.

But making, say, a horrible situation worse by horribilizing it, or overly horribilizing it, is getting too far out there. Even for an economist.

When apprised of the award for his new word, Goolsbee said, “I said that?”

Yes indeed, it’s at 47:53 on the video.

“Why have I been singled out for shamefication?” he lamented in an e-mail.

By  |  11:30 AM ET, 03/05/2013

Tags:  Austan Goolsbee, Michael Boskin, Council of Economic Advisers, dreadfulize, horrible word, Joint Economic Committee, Al Kamen, Emily Heil, In the Loop

 
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