Obama’s new economic guru Austan Goolsbee: Job shortage will last!

by an Unemployed White Male on September 13, 2010

in American Culture,Business & Economy,Politics & Government,Recession

Austan Goolsbee, the new chairman of the White House Council of Economic Advisers, acknowledged on “Fox News Sunday” that the country may face an enduring job shortage.

“I don’t think the unemployment rate will be coming down significantly at any time in the near future,” Goolsbee told host Chris Wallace.

Goolsbee did not respond to Wallace’s question about whether the rate — 9.6 percent in August — could hit 10 percent.

Goolsbee also said the “Summer of Recovery” touted by Vice President Joe Biden was a reference to the stimulus plan, not economic recovery.

“The vice president was talking about the Summer of Recovery in reference to the recovery act — that you would see the creation of a series of infrastructure and other projects ramping up over the summer, and you did see that,” Goolsbee said.

Share this article with your friends!
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Twitter
  • Google Bookmarks
  • email
  • Google Buzz
  • LinkedIn
  • MySpace

Comments on this entry are closed.