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| President Obama: Jason Reed/Reuters |
In his first press conference since May, President Obama championed a new set of economic proposals and announced that a current White House economist, Austan Goolsbee, will head the Council of Economic Advisers.
The President revealed details of his administration’s six year infrastructure plan to stimulate the economy and job growth but called on Republicans to "end a standoff on the small business jobs bill." He also pushed Congress to extend the Bush-era tax cuts for individuals earning less than $200,000 a year.
Obama backed a $814 billion stimulus package, yet added that it hasn't done as much as necessary. He also cautioned that the Republican’s economic ideas would return the U.S. to the policies that were in place before the recession.
To replace former chairman of the white House's Council of Economic Advisers, Christina Romer, the President tapped University of Chicago Professor Austan Goolsbee. Mr. Goolsbee currently serves as one of the three economists on the council.
(Click here to read the full story and watch President Obama's entire 10 September 2010 press conference on the C-Span website.)
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