Obama Focuses on Businesses to Boost Jobs, Goolsbee Says

Austan Goolsbee, President Barack Obama’s chief economist, said the government is seeking to help private businesses spur job growth through tax incentives and investment subsidies.

“We want to leverage the private sector money,” Goolsbee, chairman of the Council of Economic Advisers, said in an interview today on CNN’s “State of the Union” program. “Corporations have become profitable again,” he said. “What we need to do now is get the private sector stood up.”