Friday, July 8, 2011

What Mess this Economy is because of the Democrats and Obama...

This administration is in Chaos and it should be....they've screwed everything up! AND it's OBVIOUS that they do not know what they are doing...

Austan Goolsbee, one of President Obama's top economic advisers, walked into a contentious interview on CNBC Friday morning as he tried to spin the newest jobs report and call for an end to the "bickering" that he said has stalled economic growth.

"The president has taken responsibility that we have to do everything we can," Goolsbee said when asked if the White House will take the blame for Friday's poor jobs report. "It is his number-one priority. We wake up every day -- what can we do to get the growth rate higher?"

Goolsbee said "hundreds of thousands of jobs if not millions" could be created if a payroll tax cut is extended, trade deals are passed, an infrastructure bank is created, a patent reform bill is approved and a deficit deal is reached. He also said that if those things happen, the unemployment rate would be 8.2 percent by the fourth quarter of 2012.

"I think these numbers from last month and this month are a call to action for Washington to stop the bickering, to stop the, frankly, dangerous actions that doing nothing will have for the economy, that we should do the things that there's bipartisan agreement on that will create jobs and get the growth rate higher," Goolsbee said.


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