New York (CNNMoney) - President Obama's former chief economic adviser takes issue with Jack Welch's assertion that he, like the former General Electric CEO, has accused the government of manipulating the unemployment rate.
Austan Goolsbee responded on Twitter to Welch's op-ed piece in The Wall Street Journal on Wednesday. In the Journal, Welch defended his widely noted Tweet last week questioning the drop in the September jobless rate, citing Goolsbee as saying in 2003 that "the government has cooked the books."FULL STORY
(CNN)–The White House is losing one of its most public faces when it comes to issues related to the economy. Dr. Austan Goolsbee, Chairman of the President’s Council of Economic Advisers, announced he is returning to teaching at the University of Chicago later this summer.
Goolsbee has served as President Obama's economic adviser since the presidential campaign and has become the White House's point man to explain the administration's interpretation of economic reports to the American public.FULL STORY
WASHINGTON (CNN) - The private sector must become the driver of a still fragile economic recovery buffeted by high gas prices, the Japanese earthquake and tsunami and other "headwinds" so far this year, President Barack Obama's top economic adviser said Sunday.
Austan Goolsbee, chairman of the White House Council of Economic Advisers, told CNN's "State of the Union" that the administration's focus is on strengthening business investment and expansion to keep the recovery going.FULL STORY
(CNN)- More than half the nation believes the economy is in a recession or depression according to a new Gallup survey, despite White House assurances that the economy is growing.
The Thursday poll reveals that 26 percent of Americans say the economy is in a recession and 29 percent say it is in a depression on the same day that Austan Goolsbee, chairman of the Council of Economic Advisers, released a statement saying the economy posted the "seventh straight quarter of positive growth."
Washington (CNN) - If Congress does not raise the debt ceiling, the result could be "catastrophic" for the American economy, Austan Goolsbee, chairman of the Council for Economic Advisers, said Sunday.
Speaking on ABC's "This Week," Goolsbee said that the debt ceiling was not something to toy with for political ends.FULL STORY
Washington (CNN) - President Obama could announce as early as Friday morning that he will tap Austan Goolsbee to be chairman of the White House Council of Economic Advisers, according to two senior administration officials familiar with the announcement.
Goolsbee will replace Christina Romer, who stepped down earlier this month as chairwoman of the CEA, a panel of three White House officials who offer the president economic advice and help formulate policy. Goolsbee and Cecilia Rouse are the other two members.
It's a crucial job as the Obama administration continues to try and dig out of the worst recession since the Great Depression on the eve of a midterm election in which Democrats find the economic anxiety threatening their majorities in the House and Senate.
(CNN) - In an interview just taped for The Situation Room with Wolf Blitzer, Austan Goolsbee, one of President Obama’s top political advisors and the chief economist for the White House Economic Recovery Advisory Board, said he doesn’t anticipate a double dip recession.
But the economist added that economists should be “mindful” of the possibility.
The full interview will air this afternoon on The Situation Room with Wolf Blitzer starting at 5 p.m. ET.
BLITZER: How worried are you about a double dip recession?
GOOLSBEE: I don't think we will have a double dip recession. But it's –clearly anybody should keep their eye on that. You saw at the Jackson Hole fed conference in Wyoming that the - the fed is - is
eying that. The central bankers from around the world are paying attention to it. I think if we passed a small business recovery bill, if we do what the president is asking and extend the middle class tax
cuts, and if we go with his export initiative - he's outlined various ideas to promote exports. I don't think we will have a double dip recession. But it's clearly something we've got to - we've got to be mindful, and we've got to prevent.