In case anyone needs another reason for extending all of the 2001 and 2003 tax cuts, look no further than the continued difficulties in the U.S. job market. October 2010 marked the 18th consecutive month the official U.S. unemployment rate was stuck above 9 percent. Meanwhile, 48 out of 50 States have lost jobs since Democrats’ trillion-dollar 2009 stimulus plan. Yet as bad as those official conditions are, the Chairman of President Obama’s Council of Economic Advisors, Austan Goolsbee, suggests matters are actually much worse. At least Goolsbee made precisely that argument in 2003 when the occupant of the White...