Description:Eric Cantor (R-Va.), the House Majority Leader, is misrepresenting what President Obama's economic policies actually are, says Austan Goolsbee, a former economic adviser to Obama and an economics professor at the University of Chicago.
As Cantor and Goolsbee sparred in an "economic showdown" on Bloomberg TV on Friday, Goolsbee refuted Cantor's claims about Obama's economic policies several times.(0:39)