the tax stimulus that was recently approved will help. there are a lot of indicators showing that the economy is beginning to pick up in a self-sustaining way but i think we need to step back and look at the record to see how these policies have worked. if you, both president bush and president obama came into office facing recessions that have been triggered by their predecessors. in the first 22 months of each president s term, in fact we lost more than one million more private sector jobs under the bush policies than we did under the obama policies. and if we look at just the last, if we set aside the first six months and say, take six months for a new president s policies to be enacted and put in place, in the last 16 months, we have 22 months of data. you take away six months and . jenna: get your our viewers
deteriorate, which you have heard some rumblings on that front. jenna: a quick final question. we re hearing about new additions to the economic team, overall. how does that change the dynamics? you know, it may change it some, just because the personalityies i think bill daley coming in as chief of staff, he s an old friend from chicago and he s a very sensible guy, he has private sector experience and government experience, and i think he ll set the tone of the staff. but with gene sperling, katharine abraham, heather ingerbottom, their focus remains given to them by the president, get people back to work and get the economy growing. so that s not going to change, but the dynamics may be different. jenna: so you like these guys? i like them a lot. jenna: that s good to hear. mr. goolsbee, thank you a lot, great of you to join us. great to see you. jenna: we sure you have a lot of questions overall
month of des, the lowest level in 19 long months. but the number reflects the double edged sword of the job market, even as more folks are finding work, others giving up in their job searches. jenna: the president is shaking up his economic team, expected to name gene sperling as director of the national economic council, replacing outgoing director larry summers, but there s a lot of things going on today. moments ago i spoke with austan goolsbee, one of the president s top economic advisers and i asked him about those numbers. it s certainly a positive result t. showed 12 straight months of private sector job growth, the year 2010, added 1.3 million private sector jobs, the most since 2006, and the unemployment rate fell a fairly substantial amount. so i d say the main takeaway is we re heading the right direction, but we ve got a long way to go from the deepest hole since 1929. jenna: let s talk a little more about the direction and the unemployment rate
bernanke giving testimony before the senate budget committee calling for quick action to reduce the national debt. in the meantime, house republicans are charging ahead with plans to cut spending and get the deficit under control. but the obama administration wants them to raise the legal debt ceiling, about $14.3 trillion, to keep the government running. it s like extending a credit line. the new gop majority is telling the white house if you want to raise the debt limit, it will take federal spending cuts to win that approval. let s talk about this with wendall goler live at the white house today. reporter: the president s aides see the rush push for spending cuts as a dangerous game of chicken. it comes as the president introduces new members of his economic team, and on a day of a disappointing report that the country only produced 103,000 new jobs last month. the nation will reach its 1.3 $14.3 trillion debt ceiling sometime in march, and not extending it before then, additi
the damage they ve done, we want justification before it s done, rather than after the fact. and also, based on the proposition that one terrorist has been tried in our courts and he was let off on 284 out of 285 counts gregg: ghailani was his name. i think we have a picture, we can throw up. last question to you: as i read, and it s pretty clear to me, your legislation, it prohibits the use of funds from the department of defense. now, would you agree that the executive branch does have the ability to tap funds elsewhere for the use of transportation to the u.s. and prosecutions? well, maybe constitutionally the president might be able to do that, but he would obviously be doing it contrary to congressional intent and congressional intent carries out the will of the people as expressed very clearly, that no terrorist should be brought to this country to be tried. and when democratic senators