Former Obama economic advisor: Maybe it's time for a mea culpa

Goolsbee: “I think Matt’s right that we ought to come forward — and both sides — and the president should have a mea culpa, that we have gotten into a place that was very different from what the campaign wanted it to be from 2008, one in which — and, look, I think you could blame more the Republicans, but I’m sure the Republicans would say more you blame the president, but we got to — we got to back away from that. Otherwise, we’re not going to be able to confront this pretty serious challenge at the time when we — when we could do it.”