President Barack Obama’s newly appointed chair of the Council of Economic Advisers refused Sunday to say how many jobs would be created by a new bill that would spend $50 billion on infrastructure and another $200 billion in tax cuts for companies.
“It obviously depends on how you do it,” he said. “It could have a significant impact on trying to get investment in factories…by small businesses in buying equipment, research and development and job creation in this country,” [Austan] Goolsbee said on “This Week.”
“Do you have sort of a target number?” Amanpour pressed.
“I do not want to speculate on that,” Goolsbee replied. “The point of those policies, they aren’t spending – they’re the government giving tax cuts to businesses to invest in this country, that’s what they are.”
Appearing on Fox News Sunday, Goolsbee told Chris Wallace that unemployment would stay high for the near term.
“I don’t think the unemployment rate will be coming down significantly at any time in the near future,” said Goolsbee.
This video is from ABC’s This Week, broadcast Sept. 12, 2010.