Goolsbee on This Week June 5

Austan Goolsbee says one bad jobs report (mind you we didn't lose jobs, though we didn't create as many as needed) does not make a trend. Watch Goolsbee's interview here. More discussion (a pretty good one) on the economy with Douglas Holtz-Eagan and Alice Rivlin on CNN's State of the Union. Rivlin and Holtz-Eagan explain the consequences of not raising the debt ceiling in real simple terms.

Goolsbee maintained that "the trend is really clear" on positive job growth in recent months, when the economy added one million jobs in the private sector.

"Don't make too much of any one month's job report because they are highly variable," said Goolsbeenoting that the economy has improved dramatically from the picture two years ago. "After the last recession, in this comparable period, post-recession, we had lost 100,000 jobs. We've added more than two million jobs."

The fact is Obama can't do much on the jobs scene, short of a stimulus, such as an transportation project. But republicans, who control the House, won't allow another stimulus.
Businesses are profitable right now. Why would they hire and pay for more people that they don't need? Businesses don't hire people willy nilly.
They hire people because they need to make more widgets or build more houses. Lowering taxes doesn't get business to hire people. Businesses hire more people when their current staff can't keep up with the demand. Lowering taxes just gives business (the main constituent of the GOP) free money.