Unemployment in the United States is "going to stay high" Austan Goolsbee, Obama's chief economic adviser, told Christiane Amanpour this morning on "This Week."
"This recession is the deepest in our lifetimes, the deepest since 1929," said Goolsbee, who was just appointed chair of the White House Council of Economic Advisers.
"More than 8 million people lost their jobs. It's going to take a significant push on our part -- and time -- before that comes down," he said. "I don't anticipate it coming down right away."
Goolsbee Refuses to Say How Many Jobs Obama's New Stimulus Will Create
President Barack Obama spent last week rolling out new plans to help America's struggling economy -- $50 billion in infrastructure spending and about $200 billion in tax cuts for companies' investments in research and development. But just how many jobs will these pricey proposals create?