joining me this morning, the president's top economic adviser, austan goolsbee. who's just been appointed chair of the president's council of economic advisers. thank you for joining us. >> thank you for having me. >> thank you very much. i want to ask you what's just happened. the house minority leader, john boehner has said that he would consider extending the middle class tax cuts. if the only option i have is to vote for some of those tax reductions, i'll vote for it, he said, on "face the nation" this morning. what is your reaction? >> well, i haven't seen the comments. but i noticed the qualifier if my only choice is. if he -- if he's truly saying that we can, as the president called for, get a broad consensus to extend the middle class tax cuts, we should do it. we shouldn't hold that hostage for the argument about the tax cuts just for the very, very highest income people. if he's for that, i would happy. in the past, we have seen some of these circumstances in which what appears to be the offer of doing the sensible thing in the light of day, there's a l

. >>> chairman of the white house, counsel on economic advisers austan goolsbee will hammer it home.>> welcome back to "the ed show." the circumstance kiss road into washington on the rnc chairman michael steele's fire pelosi bus today. the people heading it. michael steele, and psycho sister michelle bachman. they are all revved up and they want to can pelosi. >> we hung that sign many months ago, folks in this town and elsewhere didn't think we were serious. guess what, folks, we're dead serious. >> speaker ppelosi, i am here to deliver a message from the job creators of minnesota 6th district, if you go forward with your out of control spending and your dramatic tax increases and your job-killing policies, you will kill more jobs in minnesota's sixth district. speaker pelosi, i am calling on you to cut tacks, cut spending so we can have job creation going forward in this country. knowing you won't do that, we are here to wish you a happy retirement. >> hold it there. i know a little bit about minnesota, okay, but i will give an assignment to the wonderful viewers of "the ed show"

. >>> chairman of the white house, counsel on economic advisers austan goolsbee will hammer it home. drive before work. want to come? [ female announcer ] or make his day. yeah. [ female announcer ] maxwell house gives you a rich, full-flavored cup of coffee, so you can be good to the last drop. [ female announcer ] maxwell house gives you a rich, full-flavored cup of coffee, president obama: yeah, i took a trip to elkhart, indiana, today. elkhart's a place that has lost jobs faster than anywhere else in america, and the people who've lost them have no idea what to do or who to turn to. in fact, local tv stations have started running public service announcements that tell people where to find food banks, even as the food banks don't have enough to meet the demand. until the combination of three good probiotics in phillips' colon health defended against the bad gas, diarrhea and constipation. ...and? it helped balance her colon. oh, now that's the best part. i love your work. [ female announcer ] phillips' colon health. >>> welcome back to "the ed show." the circumstance kiss road int

white house is already brace going a bad fall pophere is austan goolsbee, the president's new selectionhead up the council of economic advisers talking about unemployment. >> it's going to stay high. this recession is the deepest in our lifetimes. the deepest since 1929. >> more than 8 million people lost their jobs, it's going to take a significant push on our part and before that comings down. i don't tape coming down rapidly. >> bottom line americans are hurting. they need help. we can't put this country in the hands of the lunatic fringe on the right. today the afl-cio launched a campaign calling out sarah palin and the tea partiers like ron paul and also -- rand paul should i say and also sharron angle for thumbing their noses at american workers by attacking unemployment was about and unions. for more let's bring in michigan senator, debbie stabenow. well, the war of words is definitely on, senator. >> right. >> the union's being aggressive. they have sent out a mailer of some 2 million, and basically they're attacking sharron angle and some of these other right wingers, tea parti

he's austan goolsbee. goolsbee has been on the president's economic team. he now becomes chairman of the white house council of economic advisors, replacing christina romer, who left to return to teaching. >> susie: the president used today's press briefing to push his agenda for reviving the economy, from tax breaks to a small business jobs bill. washington bureau chief darren gersh reports. >> reporter: the president today acknowledged what many americans know too well-- economic progress has been painfully slow. still, he urged voters to stay the course this on election day. >> if it was just a referendum on whether we have made the progress we need to, then people around the country will say that we are not there yet. if the election is about the policies that are going to move us forward, versus the policies that will get us back into a mess, then i think democrats will do very well. >> reporter: business groups say administration policies are adding to the economic mess. u.s. chamber of commerce chief economist martin regalia points to health care, fi

various reports say later this morning president barack obama will name longtime economic adviser austan goolsbeen of his council of economic advisers, replacing christina romer, who left the administration last week to return to teaching. >> and, finally, a disappointed romanian lawmaker, who drafted a proposal to tax witches and fortune tellers, claims lawmakers were frightened into rejecting the tax because they were afraid of being cursed. you don't hear that every day. >>> well, tom brady takes a hit, home run leaders add to their totals, and a rare steal of home. >>> plus, the saints come marching into the new nfl season with a win over the vikings. your early morning sports headlines are straight ahead. >>> and we're watching some rain for the weekend. your regional forecast is coming up. you're watching "early today." for those of us who have lactose intolerance, let's raise a glass to cookies just out of the oven. to the morning bowl of cereal. and to lactaid® milk. easy to digest and with all the calcium and vitamin d of regular milk. [ female announcer ] lactaid®. the original lactose-

the president's chief economic advisor, austan goolsbee says he welcomes boehner's new stance and emphasizing the white house view that the very well off in this country don't need a tax break, but middle americans do. >> the president strongly believes that you cannot, after the decade of an astounding squeeze on the middle-class, that was followed by the worst ecession in our lifetime, since 1929, that is we cannot afford to raise taxes on the middle class. we should make that permanent. >> asked about the recovery summer that never was, goolsbee said americans should expect to see the high unemployment rate first-down some time, currently 9.6%. he says he isn't sure had a the unemployment rate will be at the end of the year. in washington, julie kirst, fox news. >>> there are news that palo alto-based hp will announce adearly as tomorrow a $1.5 billion deal to buy security software-maker ark sight. the small cupertino company software is used by government agencies as well as financial and healthcare agencies. just go weeks agoing hp defeated dell in a heated bidding war for a storage comp

it didn't work in the last eight years and it would not work now. >> austan goolsbee is the chairmanou, and good luck. >> thank you. >>> jack cafferty will have the cafferty file in a moment. and did plumes and slicks turn into oil on the floor of the gulf of mexico. what might have happened to millions of spilled barrels. >>> and plus, america's closest ally when the launch of invasion of iraq was made. does tony blair have any regrets? my interview. >>> and polls and most of the places holding primaries today closed at 8:00 p.m. eastern and wisconsin and new york close at 9:00. [ male announcer ] how can rice production in india, affect wheat output in the u.s., the shipping industry in norway, and the rubber industry, in south america? at t. rowe price, we understand the connections of a complex global economy. it's just one reason 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment objectives, risks, fees, expenses, and other information to read and consider carefully before i

kevin o'brien sent this about our interview with austan goolsbee. disagree with almost everything he had to say but i find myself liking him. i love a great debate and i love to see people who can clearly articulate and support their decisions. chuck baker from north carolina liked our other guest. straightforward good old fashioned common sense. keep your comments coming to our blog, wallace watch at foxnewssunday.com. up next in a wild week of politics, we go on the trail. people thought we had no shot. i was two points ahead in the general election. >> it is clear that they have the upper move in the republican primary electorate. that is not the general election. >> i'm honored that the race received so much national attention. i'm not counting on the national media to vote for me on november 2. i'm asking all of you to vote for me. >> i don't want the majority back if we don't believe anything. i came into the senate and we had 55 senators and a large majority in the the house and republican in the white house and frankly we didn't do what we s

austan goolsbee, let's see how jon stewart framed his debut on some of the sunday shows and get your reaction. listen. >> goolsbee, you're the new face of the obama summer of recovery. spin us with some happy talk. >> this recession is the deepest in our lifetimes. >> i don't think the unemployment rate will be coming down significantly any time in the near future. i don't expect it to go down appreciably. the labor market is significantly weakened, has been for sometime. >> oh. i'm sorry. i was -- i was just making a ramen noodle noose. >> i mean, really. i mean, really. i mean, where's the happy talk from the administration? i mean, there's no end in sight according to austan about the numbers. >> i think you have to be realistic. you can't be all bright eyed and bushy tailed. >> but that's why the democratic spaert blamed. >> that's exactly right. you're exactly right and that's why the president going to places around the country where there are specific stories of companies that have come or grown and people that are in jobs that wouldn't be in jobs but for the president's actio

exclusive interview with the imam behind the islamic center and mosque near ground zero and also austan goolsbee. >>> today, people in california will be able to go back to their torched neighborhood. to see if their homes are still standing. five people are missing, four people are dead. after that massive gas explosion. our neal karlinsky was able to get in to see that neighborhood for himself. >> reporter: at the site of the blast, investigators could be seen going over every inch of a 28-foot chunk of pipe that was blown a full 100 feet from where it started. the area around the pipe is a charred wasteland. google earth pictures taken before and after the blast show a neighborhood transformed. everyone describes it as feeling like an oven. you can get a sense of that right here. the way the paint bubbled up on the hood of this car and the way the windshield cracked from the intense heat. the dead include jacklyn gregg, seen here on a tribute page on facebook, she worked for the california public utilities commission, protecting consumers from dangerous pipeline expansion. >> that was my neig

kevin o'brien sent this about our interview with austan goolsbee.isagree with almost everything he had to say but i find myself liking him. i love a great debate and i love to see people who can clearly articulate and support their decisions. chuck baker from north carolina liked our other guest. straightforward good old fashioned common sense. keep your comments coming to our blog, wallace watch at foxnewssunday.com. up next in a wild week of politics, we go on the trail. ♪ [ male announcer ] there is nothing more profound than hope. it is the promise that compels us to make the journey from wonder to discovery. the science of chemistry, our guide. the human element, our conscience. and to make this journey, we have become the new order of hunters and gatherers. finding answers in the elements. and a way forward illuminated by hope. people thought we had no shot. i was two points ahead in the general election. >> it is clear that they have the upper move in the republican primary electorate. that is not the general election. >> i'm honored that the

kevin o'brien sent this about the interview with austan goolsbee, the new chair of the president's counseled our other guest -- please keep your comments coming to our blog, wallace watch at foxnewssunday.com. up next, it's been a wild week of politics. we go "on the trail." [ male announcer ] you can dream of protecting networks from virtually any security threat. or, like fortinet, you can dream it and do it. fortinet lists on nasdaq, the world's most innovative can-do exchange. look at all this stuff for coffee. oh there's tons. french presses, expresso tampers, filters. it can get really complicated. not nearly as complicated as shipping it, though. i mean shipping is a hassle. not with priority mail flat rate boxes from the postal service. if it fits it ships anywhere in the country for a low flat rate. that is easy. best news i've heard all day! i'm soooo amped! i mean not amped. excited. well, sort of amped. really kind of in between. have you ever thought about decaf? do you think that would help? yeah. priority mail flat rate box shipping starts at $4.95, only from the postal serv

time for your comments: kevin o'brien sent this, about austan goolsbee: goolsbee.isagree with almost everything he had to say but i find myself liking him. i love a great debate and i love to see people who can clearly articulate and support their decisions. chuck baker from north carolina liked our other guest. straightforward good old fashioned common sense. please keep your comments coming to our blog, wallacewatch@foxnewssunday.com, up next, a wild week of politics, we go on the trail! [ male announcer ] let's throw down some style. style that lasts a lifetime. what do you say we get the look we want, the softness we need, and an unbeatable lifetime stain warranty for whatever life throws at it. then let's save big on the installation. ♪ we're lowering the cost of going barefoot. more saving. more dog. that's the power of the home depot. get exclusive martha stewart living and platinum plus installed in your whole house for only 37 bucks. we'll see about that. glade lasting impressions. two complementary fragrances alternate to keep things... fresh day after da

president obama named austan goolsbee to chair his council of economic advisers today. goolsbee was his senior economic adviser during the 2008 presidential campaign, and has since advised him on economic strategy. the 41-year-old university of chicago professor has already been confirmed to the council by the senate. he replaces christina romer, who left the administration last week to return to teaching at the university of california, berkeley. stocks finished slightly higher on wall street today. the dow jones industrial average gained more than 47 points to close above 10,462. the nasdaq rose six points to close at 2,242. for the week, the dow gained nearly half a percent; the nasdaq rose more than two-tenths of a percent. those are some of the day's major stories. now, back to jim. >> lehrer: and picking up on what the president discussed today, jeffrey brown has our own 9/11 conversation. >> brown: nine years later, and very suddenly and very loudly, a new national conversation has grown around questions of tolerance, trust, and religious and cultural values. we

austan goolsbee who is replacing roamer, and one of the most powerful members of the treasury replacingel differently and obviously the administration is trying to respond to what we are saying and that is that we need to change this situation, and turn this economic mess around. >> suzanne malveaux with that breaking news, thank you very much. let's go in depth with our political analyst gloria borger. three members of the senior economic team gone or about to be gone, and is this an opportunity for the president, gloria? >> well, in a way, it is -- first of all, wolf, it is to be expected. you know, you have covered the white house and i know folks s the white house and these jobs are a burn-out job. and you can measure a year in the white house in dog years so it is not a surprise that larry summers is leaving. but as suzanne said, he did clash with a lot of folks. he was a forceful personality, but it is an opportunity in a way for the white house. i clearly think they see it that way which is a way for them to integrate new policy, new economic policy, as they head into the next tw

but today, i'm happy to announce austan goolsbee as her replacement. austan has been one of my good friends and close economic advisors for many years. he's one of the finest economists in the country, and he's worked as a member of the council of economic advisers since we arrived here in washington. he's not just a brilliant economist, he's someone who has a deep appreciation of how the economy affects everyday people, and he talks about it in a way that's easily understood. he already knows and works with the rest of the team very well. i have complete confidence he's going to do an outstanding job as cea chair. and finally, tomorrow we will commemorate not only the heartbreak of september 11th, but also the enduring values and resilient spirit of america. both michelle and i will be joining our fellow citizens in remembering those who were lost on that day and honoring all who exhibited such extraordinary heroism in the midst of tragedy. i'll have further remarks tomorrow, but for now let me just note that tomorrow is a national day of service and

a clip, and austan goolsbee is the new chairman of the president's counsel of economic advisers and he of this. >> obama would preserve a couple thousand a year tax cuts for virtually all americans and even for people making a lot, they would get to keep the tax cut on the first $250,000 of their income. under the republican plan, however, people making more than $1 million a year, you are going to be getting a tax cut of more than $100,000. >> all right. what do you say to -- he used to be a professor of economics at the university of chicago, so he is good with that white chalkboard and all of that. do millionaires deserve a $100,000 tax cut, if you extend the bush era tax levels, bill? >> well, they do if you look at all of the facts. there needs to be another chart. if you take more of somebody's taxes, obviously, you are getting more to come in, and however if you take more of somebody's taxes what is happening to the money that could be, or you could do other things with that money. if you want to give tax breaks to people under $250,000 that is fine, but why not give tax breaks

but today, i'm happy to announce austan goolsbee as her replacement. austan has been one of my good friends and close economic advisors for many years. he's one of the finest economists in the country, and he's worked as a member of the council of economic advisers since we arrived here in washington. he's not just a brilliant economist, he's someone who has a deep appreciation of how the economy affects everyday people, and he talks about it in a way that's easily understood. he already knows and works with the rest of the team very well. i have complete confidence he's going to do an outstanding job as cea chair. and finally, tomorrow we will commemorate not only the heartbreak of september 11th, but also the enduring values and resilient spirit of america. both michelle and i will be joining our fellow citizens in remembering those who were lost on that day and honoring all who exhibited such extraordinary heroism in the midst of tragedy. i'll have further remarks tomorrow, but for now let me just note that tomorrow is a national day of service and r

there's austan goolsbee. it's a great book. healthy, easy recipes for babies and new parents. the party was a blast. there's the book. get it. we love nora. it's a cool thing. her husband is a chef and they came together so they can spread the book on nutrition from the start, on the bestseller list. >> are you strange squash? >> you and i have been swapping recipes. i think it's been working well. >> still ahead he's running for the mayor of wasilla -- >> do you know how hard it is to strain a sin nah bun wrapped in bacon? >> let me just say -- >> look at the anger. look at the anger. i love him. >> wait till you see this. i'm so glad he has a show. >> it was levi on "the last word" last night. we are absolutely certain -- >> did he debone him? >> we can tell you this, that levi will not be back. >> why did it take us so long to get lawrence's show? >> a five-minute span of time, i believe his candidacy for mayor might have been crushed. >> it was great, huh? >> that and sports straight ahead. ♪ [ upbeat instrumental ] [ rattling ] [ gasps ] [ rattling ] [ laughing ] [ announ

we will miss her dearly, but today, i am happy to announce austan goolsbee as her replacement. een one of my good friends and advisers for years. he has worked as a member of the council of economic advisers since we arrived here in washington. he is not just a brilliant economist, but he is someone who has a deep appreciation of how the economy affects everyday people, and he talks about it in a way that is easily understood. he already knows and works with the team very well already, and i have complete confidence he will do an outstanding job. and finally tomorrow, we will commemorate not only the heartbreak of september 11th, but also the enduring values and the resilient spirit of america. both michelle and i will be joining our fellow citizens in remembering those who were lost on that day, and honoring all who exhibited such extraordinary heroism in the midst of tragedy. i'll have further remarks tomorrow, but for now, let me just note that tomorrow is a national day of service and remembrance. i hope that each of us finds a way to serve our fellow citizens, not only to r

but today, i'm happy to announce austan goolsbee as her replacement. austan has been one of my good friends and close economic advisors for many years. he's one of the finest economists in the country, and he's worked as a member of the council of economic advisers since we arrived here in washington. he's not just a brilliant economist, he's someone who has a deep appreciation of how the economy affects everyday people, and he talks about it in a way that's easily understood. he already knows and works with the rest of the team very well. i have complete confidence he's going to do an outstanding job as cea chair. and finally, tomorrow we will commemorate not only the heartbreak of september 11th, but also the enduring values and resilient spirit of america. both michelle and i will be joining our fellow citizens in remembering those who were lost on that day and honoring all who exhibited such extraordinary heroism in the midst of tragedy. i'll have further remarks tomorrow, but for now let me just note that tomorrow is a national day of service and r