Prof Goolsbee to America: Umm, no, unemployment not coming down anytime soon

Well, there’s a shock. The new economist in chief at the White House, Austan Goolsbee tells ABC’s This Week, don’t look for unemployment to fall. Actually he also wouldn’t make any predictions about how many jobs the President’s new stimulus would create? In fact, he pretty much didn’t say much except, well, trust me, this time it’s gunna work. Nice.So stunned is Christiane Amanpour at the prospect, that she actually asks the question twice. She could have asked it 30 times and nothing would have changed.

Later on she tries to pin Professor Goolsbee down on how many jobs the new Obama stimulus will create and Goolsbee declines to answer … twice. Well, for good reason. Dr Romer got the old heave ho … for making predictions like, we’ll keep unemployment under 8%.

httpv://www.youtube.com/watch?v=XymRLLe65Fo

And these are the same guys who say they know how to spend our money better then we do? Geeeeeeeeeeze.

httpv://www.youtube.com/watch?v=ntEmefkc-tE

I like Dr. Goolsbee. I have for some time now as you all know, because I have confident he knows how the economy works. I do. What I can’t understand is why he can’t convince the President otherwise. Socialism does not work. Period.