Don't expect unemployment to be coming down warns Austan Goolsbee, the president's newly appointed chairman of the Council of Economic Advisers.
"This recession is the deepest in our lifetimes, the deepest since 1929," said Goolsbee, who was just appointed chair of the White House Council of Economic Advisers. "More than eight million people lost their jobs. It's going to take a significant push on our part – and time – before that comes down," he said. "I don't anticipate it coming down right away."
It's a good thing the guy does comedy as a sideline.
Goolsbee, who at 41 would be the youngest to hold that position in more than 40 years, is a triathlete who practices improv comedy in his spare time.