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Pr.Obama (2) Press Conference - Jobs Economy Islam Elections

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Uploaded on Sep 10, 2010

President Touts Economic Plan; Names Austan Goolsbee for Economic Chair
Today

In his first press conference since May, President Obama championed a new set of economic proposals and announced that a current White House economist, Austan Goolsbee, will head the Council of Economic Advisers. Read More ยป

The President revealed details of his administration's six year infrastructure plan to stimulate the economy and job growth but called on Republicans to "end a standoff on the small business jobs bill." He also pushed Congress to extend the Bush-era tax cuts for individuals earning less than $200,000 a year.

Obama backed a $814 billion stimulus package, yet added that it hasn't done as much as necessary. He also cautioned that the Republican's economic ideas would return the U.S. to the policies that were in place before the recession.

To replace former chairman of the white House's Council of Economic Advisers, Christina Romer, the President tapped University of Chicago Professor Austan Goolsbee. Mr. Goolsbee currently serves as one of the three economists on the council.

Today's press conference is President Obama's eighth since taking office. Reporters questioned the President about Afghanistan, reports of military setbacks against insurgents, and a recent threat to burn the Qur'an, the Muslim holy book, in Gainesville, Florida.

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