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Chairman of Obama Council of Economic Advisers Austin Goolsbee: "Get used to high unemployment"
Hotair ^ | 09/13/2010 | Ed Morrissey

Posted on 09/13/2010 8:48:38 AM PDT by SeekAndFind

It’s a darned good thing that Austan Goolsbee is “young, energetic, and looks good on TV,” because otherwise this would look a lot like Jimmy Carter’s “Malaise” speech. Chris Wallace tries to get Goolsbee to discuss what kind of changes have been made to White House economic forecasts in 2010, while Goolsbee wants to talk about how difficult it was … in 2007, in Europe, or anywhere else than the US after almost two years of the Obama administration policies. The big takeaway is that Goolsbee and the White House expect no appreciable decline in the unemployment rate for the foreseeable future:

GOOLSBEE: But I don’t think the unemployment rate will be coming down significantly anytime in the near future.

WALLACE: Do you think it will — you’ll be — it’s now 9.6 percent. End of this year?

GOOLSBEE: I don’t — look, I try to stay out of the specific forecasting games other than our official forecast. I think it’s clear that the labor market is significantly weakened, has been for some time. We have to do everything we can to try to create jobs and get people back to work.

WALLACE: Could it be 10 percent by the end of the year?

GOOLSBEE: Look, as I say, I’m not going to speculate. We have official forecasts and we’ll release them when they come out.

WALLACE: But you don’t expect…

GOOLSBEE: We need to do everything…

WALLACE: … it to go down appreciably from…

GOOLSBEE: I don’t expect it to go down appreciably. That’s what — our forecast, and most of the private forecasts say the same thing.

Neither does anyone else, but it’s not because of 2007 or “headwinds” from Europe’s debt crisis. It’s because Obama and Goolsbee didn’t learn any lessons from Europe’s debt crisis, and continue to run up huge deficits and push for tax hikes instead of spending cuts. One of the authors of Porkulus, Goolsbee and his team want a watered-down sequel to Porkulus despite the program’s utter failure to produce results. Goolsbee now says it’s because they underestimated the depth of the economic crisis, but they also vastly overestimated the stimulating power of road construction, too.

The main headwinds in this economy come from Obamanomics and ObamaCare. Until those are reversed, we will not experience any kind of serious growth. It’s a recipe for malaise, not recovery, and the economic forecasts clearly show that direction for the US under current leadership.


TOPICS: Business/Economy; Government; Society
KEYWORDS: 111th; 2010election; 2010midterms; austingoolsbee; bho44; bhoeconomy; bhosocialism; cea; democratcongress; democrats; economy; elections; fail; golf; goolsbee; hopeychangey; liberalfascism; obama; obamacare; obamadepression; obamanomics; remembernovember; socialism; unemployment

1 posted on 09/13/2010 8:48:43 AM PDT by SeekAndFind
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To: SeekAndFind

So he’s admitting that Obama has been lying to us. It’s about time.


2 posted on 09/13/2010 8:50:09 AM PDT by Spok (Free Range Republican)
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To: SeekAndFind

Funny,, we’re kinda having the same idea about YOU.

NOVEMBER


3 posted on 09/13/2010 8:50:21 AM PDT by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office)
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To: SeekAndFind

My answer to the regime’s message of “Get used to high unemployment” is:

“You’re fired.”


4 posted on 09/13/2010 8:50:23 AM PDT by henkster (A broken government does not merit full faith and credit.)
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To: SeekAndFind
IMPEACH.
5 posted on 09/13/2010 8:50:27 AM PDT by the invisib1e hand (burn baby, burn.)
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To: henkster
My answer to the regime’s message of “Get used to high unemployment” is: “You’re fired.”

Damn, that's good. I wish I could think of things like that.

6 posted on 09/13/2010 8:51:02 AM PDT by the invisib1e hand (burn baby, burn.)
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To: SeekAndFind

He came off as someone who really has no idea what makes an economy work....just another “intellectual” member of this administration with no common sense whatsoever. He sounded less intelligent than most of the middle-schoolers I taught for 31 years.


7 posted on 09/13/2010 8:52:19 AM PDT by bamagirl1944 (That's short for Alabama, not Obama)
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To: SeekAndFind

The best thing that can happen is for all of these democrats to personally become accustomed to unemployment by losing their jobs. These idiots, these morons are causing this crisis and now they want US, the productive citizens, to get used to the results.


8 posted on 09/13/2010 8:52:53 AM PDT by meyer (Our own government has become our enemy,...)
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To: SeekAndFind
Obama's Economic team: Stuck on stupid. Here your "solution" O-bots.

ReaganvrsObama

9 posted on 09/13/2010 8:53:19 AM PDT by MNJohnnie (The problem with Socialism is sooner or later you run out of other people's money. Lady Thatcher)
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To: SeekAndFind

No kidding! They really do not want people back to work. More unemployed, mean more on the Dole. Hence more government programs to “help” them.


10 posted on 09/13/2010 8:53:19 AM PDT by Bobby_Taxpayer (Don't tread on us...or you'll pay the price in the next election.)
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To: SeekAndFind

Just try to wrap your head around what the corrupt MSM would do if a Republican administration had said this. Just stop and think for a minute the wall-to-wall shrill headlines and screaming articles. Think of the daily visuals of starving Americans. The pictures of hundreds of people lined up around the corner for two job openings.

Just try to imagine how Journo-lists would certainly act.


11 posted on 09/13/2010 8:54:53 AM PDT by Obadiah (I can see November from my house!)
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To: SeekAndFind
Chairman of Obama Council of Economic Advisers Austin Goolsbee: "Get used to high unemployment"

Translation: Get used to European Socialism America!

12 posted on 09/13/2010 8:55:08 AM PDT by frogjerk (I believe in unicorns, fairies and pro-life Democrats.)
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To: SeekAndFind

Hope and change, baby.


13 posted on 09/13/2010 8:56:33 AM PDT by Retired Greyhound
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To: SeekAndFind
"Get used to high unemployment"

Yes, we know. The tax and spend democrats have been in charge.
November should fix that annoying little problem.

14 posted on 09/13/2010 8:59:25 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: SeekAndFind

Fire all Liberals in 2013.


15 posted on 09/13/2010 9:00:09 AM PDT by screaminsunshine (counter revolutionary)
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To: SeekAndFind

OBAMAVILLE

Gett’n a head fake,
watchin' msn’s take;
All of their pundits oozing foul oil.
Clean’n my six gun on my front porch swing.
Felling my blood--
It’s beginnin' to boil.

Wasted away again in Obamaville,
Searchin' for a job so I can earn my salt.
Some people claim that Bush is to blame,
But I know it's Obama’s fault.

There’s no rhyme or reason,
They are all commitin’ treason
With nothing to show but a brand new tax or two.
But they are real beauties,
Despotic duties, how they got passed
I haven't a clue.

Wasted away again in Obamaville,
Searchin' for a job so I can earn my salt.
Some people claim that it’s Bush we should blame,
Now I think,-- hell with them it’s Obama’s fault.

I blew out my flip flop,
Stepped on a pop top;
Cut my heel, but I just cruise on back home.
Because no medical care will the doctors render
They say there’s little service I can tender
And there’s no need for me to hang on.

Wasted away again in Obamaville
Searchin' for a job so I can earn my salt.
Some people claim that Bush is to blame,
But I know, it's my own damn fault.
Yes, and some people claim that Bush is to blame,
And I know because of my vote it's my own damn fault damn fault.

16 posted on 09/13/2010 9:01:14 AM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: bamagirl1944

BINGO! He has absolutely no real world experience in business just like the other 90% of the BHO staff.


17 posted on 09/13/2010 9:01:21 AM PDT by texson66 (Congress does not draw to its halls those who love liberty. It draws those who love power .)
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To: SeekAndFind

Inept. Incompetent. Epic Fail.


18 posted on 09/13/2010 9:03:57 AM PDT by KC_Conspirator
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To: SeekAndFind
Saw this posted on another thread:



19 posted on 09/13/2010 9:04:13 AM PDT by EdReform (Oath Keepers - Guardians of the Republic - Honor your oath - Join us: www.oathkeepers.org)
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To: Retired Greyhound

ITs all intentional and purposeful in the breaking of America.


20 posted on 09/13/2010 9:14:41 AM PDT by himno hero
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To: SeekAndFind

It is too d@mn bad “austan” (what were his parents thinking) can’t get used to unemployment by personally entering the ranks


21 posted on 09/13/2010 9:38:12 AM PDT by silverleaf (Those who can make you believe absurdities can make you commit atrocities.)
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To: EdReform

Every republican should use this in campaign ads, but they won’t.


22 posted on 09/13/2010 11:16:39 AM PDT by ilovesarah2012 (Proud Infidel)
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