chairman who headed the president s economic recovery advisory board. said obama is smart but smart is not enough. leadership is another thing entirely about knowing your mind enough to make real decisions, ones that last. that s a profound criticism of the president. that s not really about this book. that s a profound charge about the need for a president to have a firm grip on his own thinking or her on thinking, the ability to stay the course. he s saying obama doesn t have that. that s probably a more profound comment that we re talking about here. in some ways if you read near the end of the book, president obama also admits that, himself. this whole idea of it s not enough to be confident in the chair in the oval office. part of leadership is also transmitting that sense of confidence to the american people. he suskind interviews the president, it lasted 50 minutes in february. you do get the sense this was before. this whole idea of a feuding economics team and rahm emanu
combination of fiction, distortion and words taken out of context. also quoted in the book, paul volcker, the great former fed chairman who headed the president s economic recovery advisory board. said obama is smart but smart is not enough. leadership is another thing entirely about knowing your mind enough to make real decisions, ones that last. that s a profound criticism of the president. that s not really about this book. that s a profound charge about the need for a president to have a firm grip on his own thinki i or her on thinking, the ability to stay the course. he s saying obama doesn t have that. that s probably a more profound comment that we re talking about here. in some ways if you read near the end of the book, president obama also admits that, himself. this whole idea of it s not enough to be confident in the chair in the oval office. part of leadership is also transmitting that sense of confidence to the american people. he suskind interviews the president, it
growth, job growth in nearly two years. state and local governments are still facing massive budget shortfalls and cut a net of 30,000 jobs last month. and today in wisconsin, 1,500 more state workers could be getting pink slips. let s get to austan goolsbee, chairman of the white house council of economic advisers, chief economist for the president s economic recovery advisory board. this is the first jobs report they didn t say but behind the numbers there s some darker cloud. it seems to be a very good report. ye of little faith. this is a very solid report. but i think if you look at this report which has 222,000 jobs created in the private sector, a big net number, unemployment rate, fell again for the third straight month. and this three-month drop in the unemployment rate was the biggest 27 years. i think it is continuing a trend that you have seen for many
producers of the world have some excess capacity to produce that at other times they might not have had and they have expressed a willingness to do that if there is a large supply disrupti disruption. i d say the one thing to remember if in your mind you re thinking the 1970s is that our energy intensity per dollar of gdp is a lot lower now than it was then. so most people think that we the macroeconomy is less sensitive to oil price movement, but it s clearly something we re monitoring. well, you just got in macroeconomy, look at you. and the 70s. it s because of you guys. i know you love that stuff. austan goolsbee, chairman of the council of economic advisory board, thanks very much. thank you for making your first stop this morning on daily rundown. great to see you again. coming up next, brace yourself, everybody. we re going to let chuck suggest what to put in today.
as well. secretary ray lahood, our transportation secretary, ambassador ron kirk, who is working hard to get trade deals around the world. our small business administration administrator karen mills, my director of national the national economic council, gene sperling is here, and i also want to make mention, fred hotberg our export/import bank chairman, elizabeth littlefield, the overseas private investment corporation president, and i also want to acknowledge a good friend, paul volcker, the outgoing chair of the president s economic recovery advisory board. thank you all for being here. now, tom, it is good to be here today at the chamber of commerce. i m here in the interest of being more neighborly.