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Friday's jobs numbers a big talker on Sunday show circuit

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    Surrogates make case for their candidates

  • Duration 2:14
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And it's time now for a look at who's talking and Friday's job numbers big talker on the Sunday talk show circuit.

President Obama's former economic advisor Austan Goolsbee offering his take on the -- August job numbers.

If you look over the last year.

The unemployment rate is down a full percentage point and most of that is from people getting new jobs is not from a reduction in the labor force.

They they've Bureau of Labor Statistics keeps track of people who are discouraged workers and the number of discouraged workers actually fell.

So I think the fact that some people are choosing to go to school and that shows up in the data at the end of this summer.

Is not a big surprise the fact that -- population has been aging and there are people retiring.

But the I I do agree with the gland at the root of the problem is modest growth in the US.

Faster than the rest of the advanced world however.

The entire world economy is in a very tough spot because we're still struggling to get out of the worst recession in our lifetimes up.

And he's referring there to Romney's senior economic advisor Glenn Hubbard who was also talking.

Hitting President Obama on his tax policies saying if he wins and -- determine has a chance to raise taxes on the rich the economy will remain.

Stalled.

The governor Romney's proposing is an across the board cut in marginal tax rates for households every household in America by 20%.

And will have to broaden the base to pay for that.

Also a very deep cut in the corporate rate.

Most economists believe that fundamental tax reform the Romney plan is a variant of that is very powerful for growth.

I can't -- mention an argument.

It says that raising marginal tax rates on high income people many of -- business owners.

Is a recipe for economic growth.

One can debate fairness arguments but I'm just not aware of any argument that would suggest getting back to the growth we just talked about in the previous question.

Is facilitated by raising taxes not tax reform.

Mitt Romney also talking taxes yesterday he says that his plan it won't cut taxes for the wealthy.

He'll just bring down their rate of taxation.

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