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g.o.p. on fiscal cliff talks. joining me now university of chicago booth school of business professor and former chairman of the council of economic advisors under president obama, dr. austan goolsbee. dr. goolsbee, where is the stethoscope? come on, i see it there hello, good to see you, austin. hey, laura great to see you again. i painted the pictures why conservatives should figure it out and not be in despair. on the other side of the equation you have the president. let s say the president gets his tax hikes. you know, everyone thinks they are going to have higher taxes in the new year. so he gets tax hikes. but then what? i mean, the new normal that s being painted by your friends over at the oecd say our girls will probably be about 2.2%. 2% maybe if we re luck in next year. the new normal even with high taxes doesn t look good. yeah. let s hope it s higher than that i think it s going to be

President obamaOn fiscal cliffAustan goolsbeeUniversity of chicago booth school business professorThere helloCome onLaura greatTax hikes