Watch It: White House Explains Tax Cut Extension Plan in 120 Seconds

Economist Austan Goolsbee, who this month was named White House Chair of the Council of Economic Advisers, took to the White House White Board to explain why the Obama Administration supports extending the Bush-era tax cuts for middle class Americans, but wants to let tax cuts for the wealthiest taxpayers expire as scheduled.

As a former economics writer for The New York Times and Slate, and a television veteran who has appeared on the History Channel, The Daily Show, and The Colbert Report, Goolsbee is known for his knack for delivering complex economic information in simple terms, and I think he shows it in this video.

Here's hoping the White House employs Goolsbee to explain more economic issues ASAP. I'd love to see a White House White Board episode demonstrating, for example, how a shift to renewable energy would benefit the economy.