Dumbest Moments in Business

• Goolsbee on 'The Daily Show' - Feb. 24, 2011
• The dumbest moments - watch as they happened

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

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