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Will Higher Oil Prices Sink the Economy?

Complete Premium video at: http://fora.tv/partner/Christian_Science_Monitor White House economist Austan D. Goolsbe says the increase in oil prices caused by unrest in the Middle East won't drive the U.S. economy off a cliff. ----- Economist Austan Goolsbee speaks with reporters at the Christian Science Monitor Breakfast. Austan Goolsbee is the chief economist for the President's Economic Recovery Advisory Board. He is also the chairman of the Council of Economic Advisers and a member of the Cabinet. Goolsbee is on leave from the University of Chicago's Booth School of Business, where he researched tax policy, American industry, technology and innovation as the Robert P. Gwinn Professor of Economics. He was an economic adviser to Obama's 2004 Senate campaign before serving as a senior economic adviser to Obama's 2008 presidential campaign. Prior to joining the Obama Administration, Goolsbee was a member of the Panel of Economic Advisers to the Congressional Budget Office, a research associate at the National Bureau of Economic Research, and a research fellow at the American Bar Foundation. He was also a member of the U.S. Census Advisory Committee.
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