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%.


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


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.

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Jim Vicevich

Jim is a veteran broadcaster and conservative/libertarian blogger with more than 25 years experience in TV and radio. Jim's was the long-term host of The Jim Vicevich Show on WTIC 1080 in Hartford from 2004 through 2019. Prior to radio, Jim worked as a business and financial reporter for NBC30 - the NBC owned TV station in Hartford - and as business editor at WFSB-TV in Hartford for 14 years while earning six Emmy nominations and three Telly Awards.


  1. sammy22 on September 13, 2010 at 11:50 am

    If what we have is socialism, then I am the Fairy Godmother!

  2. Dimsdale on September 13, 2010 at 1:09 pm

    What we have is surely heading for socialism.  Order up those wings and magic wand!

  3. Wind on September 14, 2010 at 6:36 am

    Oh Great….another Deer in the Headlights Academic who is going to make $170,000 to tell us what we already know. Just when things looked glum… gets Glummier.  Sammy you better start changing those pumpkins into carriages….and make sure they run on solar power.

  4. NH-Jim on September 14, 2010 at 4:34 pm

    Dear Fairy Godmother:

    1. May I keep my light bulbs?

    2. May I keep my doctor?

    3. May I buy the health insurance that I wish?

    4. May I keep the money that I earned?

    5. May I drive the car I wish?

    6. May I keep my house?

    7. May I keep my gun & ammunition?

    8. May I have smaller government?

    9. May I not be ridiculed by my own president?

    10. May I have my Constitutional rights?

  5. sammy22 on September 15, 2010 at 3:42 am

    To NH-Jim: yes you can.

  6. Dimsdale on September 16, 2010 at 5:26 am

    But not for long.  Stock up where you can…


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