Incoming White House Council of Economic Advisers Chairman Austan Goolsbee said on Fox News Sunday today that the 9.6 percent unemployment rate would not come down in the near future.
The White House has apparently learned its lesson. Aides are still dealing with criticism of the assertion early in the administration by Goolsbee’s predecessor, Christina Romer, that the stimulus package would get the rate below 8 percent.
Goolsbee also sought to explain away another PR flop, suggesting that the “Summer of Recovery” touted by the White House was a reference to the stimulus, whose official title is the “Recovery Act.”
Goolsbee went on to say that “Hope and Change” had nothing to do with bringing honesty to Washington, and was instead a reference to comedian Bob Hope and an extra pair of clothes.