Posted on 06/05/2011 2:10:30 PM PDT by Son House
"Our effort now as a government should be to get the private sector to help them stand up and lead the recovery," Goolsbee told "This Week" anchor Christiane Amanpour, citing efforts on regulatory review, while maintaining policies such as reduced payroll taxes through the end of the year. "We've got to rely on policies that are trying to leverage the private sector and give incentives to private sector to be doing the growth."
Goolsbee cautioned against reading too much into the report, saying "stiff headwinds" from shocks such as the disaster in Japan and higher gas prices impacted the employment picture in May.
Goolsbee maintained that "the trend is really clear" on positive job growth in recent months, when the economy added one million jobs in the private sector.
"Don't make too much of any one month's job report because they are highly variable," said Goolsbeenoting that the economy has improved dramatically from the picture two years ago. "After the last recession, in this comparable period, post-recession, we had lost 100,000 jobs. We've added more than two million jobs."
Despite the monthly numbers being below expectations, Goolsbee said that we are not in a jobless recovery.
"There's a major difference between a jobless recovery and a very deep hole that we are climbing our way out of," Goolsbee said. "And that is the position we're in."
"What we know is that we have moved a long way from when the economy is in a rescue mode, the private sector was in freefall and the government is only thing standing between us and falling into another great depression," he added.
"The president has never stopped talking about jobs," Goolsbee said. "For him, the growth strategy is the number one issue."
(Excerpt) Read more at abcnews.go.com ...
We don’t need or want your help, Goolsbee!
Yep, they come up with some basic but not equal thing to compare to the real problem, thus hiding either their lack of knowledge or the truth.
Yes, I’d also like to clue Goolsbee in on the trend, a stagnant economy.
How can that be? Was Bush in Japan at the time?
Talk's cheap. What has he ever DONE?
“’Stiff Headwinds’ Slow Job Creation”
Hey stop piling on Weiner!
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