Austin Goolsbee is the Latest in the Obama admin who is an economics College professor that flunked out in the real world. Here is the list of Obamas liberal economics team who have dropped out after utter failure. Looks like the liberal economic theories they try to teach have been a complete and utter failure in the real world. No surprise here. Atleast we can take solace in the fact that all these bums will now go back to teaching, these failed policies, after complete and utter failure in the real world, and we wonder why our education system is such a joke. Christina Romer: Head of the council of economic advisors. Previous job:Professor of economics, Berklely. Status: QUIT Lawrence summers-National Economic council director Previous job:Professor of economics - Harvard. Status: QUIT Peter Orszag- Budget chief Previous job:Chairman - Citi group. (how the fuck did they think an economist from citi was going to fix the problems?) Status: QUIT Jared bernstein-Joe Biden top economic advisor. Previous job:professor of economics-Howard/Columbia university Status: QUIT Austin Goolsbee Previous job:Professor of economics-University of Chicago. Status: QUIT.