Austan Goolsbee Defends Job-Creation With White Board (VIDEO)

Austan Goolsbee, chairman of the White House's Council of Economic Advisers, and sometime stand-up comedian, has returned to his white board for another video, this time to discuss the Obama Administration's role as a job-creator. As in his first video about the tax cut debate, Goolsbee defends his administration's record.

Pointing to a chart that shows jobs shrinking in the final months of the Bush years and growing during the Obama presidency, Goolsbee seeks to put the currently lackluster employment situation -- the September unemployment rate held steady at 9.6 percent -- in context. The country lost more than 4 million jobs in the six months before Obama took office, Goolsbee says. "The president knew when he came into office that he was gonna have to take immediate and bold action, or we might fall down into a hole that we could not get out of."

He says the president has fostered nine months of job growth, with policies like tax breaks for small business, and that a way to continue that trend is to invest in infrastructure. Especially near the end of the video, he goes on the defensive.

"Obviously times are tough, and obviously we need to do more. But it has been quite a hole that we've had to crawl out of, the worst since 1929. And now we've started to hear some people say that we literally should go back to the policies that got us into this.

WATCH the video: