Bloomberg TV Burns Austan Goolsbee With His Own Tools

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Remember when Council of Economic Advisers chairman Austan Goolsbee explained the Bush tax cuts debate on a whiteboard? Bloomberg does. The normally staid, restrained, non-confrontational network brought it up today in a segment that one might rate "3 trombones" on the "how many sad trombones for Goolsbee does this rate" scale.

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Bloomberg TV Anchor Could Come Up With 'A Lot Of Good Jokes' About Getting Pissed On But Won't

This is a serious conversation about investing though, so please, continue what you were saying. Leave that kind of smut to the other networks. Interviewee: "There are basically two kinds of waterfalls, the American version and the European version." Interviewer: "I'm sure there are a lot of good jokes in here but I'll hold my tongue and let you keep going." Bob's Buzzword of the Day: `Waterfall' [Bloomberg TV]