Posted on 09/12/2010 1:41:07 PM PDT by Justaham
President Obama's new chairman of the Council of Economic Affairs (CEA) said Sunday that the national unemployment rate will not decrease significantly anytime soon.
Austan Goolsbee, who Obama announced on Friday will replace Christina Romer as head of the CEA, told "Fox News Sunday" that the president is doing all he can to help the economy, but the recession was so deep, it will take some time for employment numbers to recover.
"I don't think the unemployment rate will be coming down significantly at any time in the near future," Goolsbee said.
Unemployment for the nation reached 9.6 percent in August, and Goolsbee and other White House officials regularly concede they expect it to get worse before it gets better.
Goolsbee echoed that forecast on ABC's "This Week" Sunday. "It's going to stay high," he said of the unemployment rate. "This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined. So more than 8 million people lost their jobs.
"It's going to take a significant push on our part and time before that comes down," he said. "I don't anticipate it coming down rapidly."
Goolsbee, in his first interview since Obama named his as chairman of the CEA, defended Obama's handling of the economy, specifically the president's call for ending tax cuts for the wealthiest Americans.
(Excerpt) Read more at thehill.com ...
Another Academic who has probably never actually had a real job
Austan Goolsbee sounds like the villain in a bad Lord of the Rings imitation.
The problem in a nutshell.
STOP TRYING!!!!!!
He should just come out and say it, high unemployment is the new norm in Obama’s America. It’s that way in all socialist nanny states.
Captain Obvious alert.
Well of COURSE. That’s the PLAN!! You can’t create millions of desperate people, dependent on Big Brother if they all have JOBS, can you!!
he doesn’t sound like chief economic problem solver to me. try cutting taxes, reducing regulation — then watch your unemployment rate, Goolsbee.
Where is this guys experience in the Private sector?? or like Odumbo another slime ball basket case who never did anything but disrupt people who are productive.
If the unemployment rate is projected to stay high, why do we need a H1B program and someone explain to me why we are imported workers to do jobs that Americans won’t do like construction, truck divers and restaurant workers???
We have TONS of unemployed IT people, CDL drivers and construction workers yet the media along with the government CLAIM Americans won’t do these jobs.
This is total BS and Obama is making James Earl Carter look Ronald Reagan.
Bad news is unemployment stays high, good news is democrat votes stay low.
He looks like one too. Do a search on the guy. (shivers)
Unemployment remains high, energy bills will be high and now healthcare costs will be higher.
The only positive in all of this is my sister saying she’ll never vote for him again and a friend says she’s disappointed in him and wont vote either.
What part of hope and change was good for Americans?
of course it is going to stay high... Obama still has two more years to go, before we can kick his epic fail butt out of office.
It’s even worse. The State Dept recently established the program that will train a few thousands of IT workers in Sri Lanka to speak/write acceptable English so the “companies can take advantage” of the low wages there.
In other words, our IT workers are paying to move their jobs oversees.
Absolutely the worst in history. And the first Non american.
Unemployment for tech sector workers is at ~5%, which is essentially full employment. That's why H1Bs are still around.
Not too many H1Bs are used for truck driving or construction or busing tables, though!
I think the technocrats will find a way to manipulate the numbers, so that unemployment appears to stay under 10 percent, while in reality, it is probably closer to twice that.
I think they want to keep it high plus company executives like a tight job market where people are more easily controlled.
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