White House White Board: CEA Chair Austan Goolsbee Explains the Jobs Trends

[BettorsChat]

In the second edition of White House White Board, Austan Goolsbee, Chairman of the Council of Economic Advisers, looks back at the President's record on the economy through the perspective of the last three years in private sector employment.

[jcheckers]

In the second edition of White House White Board, Austan Goolsbee, Chairman of the Council of Economic Advisers, looks back at the President's record on the economy through the perspective of the last three years in private sector employment.

This Jackass is more full of Shit than the commode in the drunk tank at your local County Jail....

Tomorrow, when I have more time I'll tell "The Rest of the Story", Billy.....

[jcheckers]

In the second edition of White House White Board, Austan Goolsbee, Chairman of the Council of Economic Advisers, looks back at the President's record on the economy through the perspective of the last three years in private sector employment.

This Jackass is more full of Shit than an

overflowing commode in the drunk tank at your local County Jail....

Tomorrow, when I have more time I'll tell "The Rest of the Story", Billy.....

Now for the rest of the story...
As you can see in the chart below it is identical to the one he uses in the video with the exception of the highlighted 'Red' he used to show the job loses under Bush. The 'Red' graph is a spin used to blame Bush. Please note the horizontal line near the top of the chart represents 0. Now he claims an improvement since Obama took office, Let me tell you something Billy... anything below the horizontal line marking 0 is not an improvement. Improvements are only shown in the last 9 months with the only real spike being in the months of March and April and while he claims this to be private sector jobs they are including temporary Census worker jobs for those two months. BTW those temporary jobs paid about $10/Hr. As soon as the census workers were laid off you'll see the graph slides back down to near 0. Now if you look at the chart again note that the worst month of all is actually Jan. of 09 when Obama took office and if you discount the meager gains of 2010 the job losses under Obama are nearly identical to the losses blamed in 'Red' to Bush.

Please don't get me wrong here, I'm not a shill for Bush or the Republicans. I'm a registered Democrat that voted for neither Bush or Obama. I blame the current 'Great Depression' on both parties and the failed politics of the last 50 years.






The following is from MEDIAite:

Obama’s New Economic Adviser: Unemployment ‘Is Going To Stay High’
» by Glynnis MacNicol | 5:56 pm, September 12th, 2010

Austan Goolsbee, President Obama’s new chief economic adviser made his Sunday morning debut this morning and suffice to say he was not bearing good news. Goolsbee told Christiane Amanpour if you’re hoping the unemployment rate is going to come down…well, don’t hold your breath.

It’s going to stay high. 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. I don’t anticipate it coming down rapidly.

It’s a striking admission coming just days after Obama’s big press conference, which included talk about the non-stimulus economic package that aims to stimulate the economy. However, it’s still seven weeks till the Midterms so maybe this is all part of some larger plan to lower expectations ahead of the voting in the hopes something gets stimulated in the interim. Either that or Goolsbee hasn’t learned his Sunday morning talking points by heart yet. Watch below.




As you can see Mr. Goolsbee isn't nearly as 'Optimistic' when not in front of The Whitehouse Cameras...

[jcheckers]

A mathematician, an accountant and an economist apply for the same job.

The interviewer calls in the mathematician and asks "What do two plus two equal?" The mathematician replies "Four." The interviewer asks "Four, exactly?" The mathematician looks at the interviewer incredulously and says "Yes, four, exactly."

Then the interviewer calls in the accountant and asks the same question "What do two plus two equal?" The accountant says "On average, four - give or take ten percent, but on average, four."

Then the interviewer calls in the economist and poses the same question "What do two plus two equal?" The economist gets up, locks the door, closes the shade, sits down next to the interviewer and says, "What do you want it to equal"?