Goolsbee: `We're gonna grow'

When he was still a top economist in the White House in February, Austan Goolsbee went on the Daily Show and made a bold promise:

"We got a budget and we got a jobs council. And that's what I've come down to tell you: We're gonna grow our way out of this thing, Jon."

The budget, of course, was D.O.A. And the jobs council has been M.I.A. As for growth, the economy expanded by a whopping 1.3% in the second quarter, and just 2% in the third. -- Lex Haris

@CNNMoney - Last updated December 20 2011: 1:40 PM ET
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