Goolsbee Says ‘We Got a Long Way to Go’ on More Jobs

[ProSense]

Source: Bloomberg

Dec. 3 (Bloomberg) -- Austan Goolsbee, chairman of the U.S. Council of Economic Advisers, said today that “we got a long way to go” on adding jobs and that the numbers released today are “below where we needed to be.’

Goolsbee, speaking in an interview on Bloomberg Television from Washington, said it is necessary to extend tax cuts for the middle class while high-end tax cuts give the “lowest bang for the buck.” He said there isn’t an unemployment problem “among billionaires.”

President Barack Obama is scheduled to speak on the jobs report at 11:15 a.m.

The Labor Department reported earlier today that the economy added 39,000 jobs in November, far fewer than the most pessimistic forecast. The nation’s unemployment rate unexpectedly climbed to 9.8 percent last month from 9.6 percent in October.



Read more: http://www.businessweek.com/news/2010-12-03/goolsbee-says-we-got-a-long-way-to-go-on-more-jobs.html

[Fearless]

1. "far fewer than the most pessimistic forecast"

So let's go gallivanting in Afghanistan to get the media away from this story.