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Goolsbee: 'This Is a Punch to the Gut. This Is Not a Good Number.'

8:53 AM, Apr 5, 2013 • By DANIEL HALPER
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Austan Goolsbee, a former economic adviser to President Obama, called this morning's jobs report "a punch to the gut":

"We all overshot it," said Goolsbee on CNBC. "This is a punch to the gut. This is not a good number."

He went to blame sequestration, though a CNBC anchor interrupted him to say that it's result of the payroll tax hike.

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