'This Week' Transcript: Goolsbee and Rauf

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AMANPOUR: Welcome to our viewers here and around the world. I'm Christiane Amanpour, and at the top of the news this week, as the global economy recovers, is the United States falling behind?

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OBAMA: It's understandable that people are saying, what have you done?

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AMANPOUR: The president proposes new spending and allowing the tax cuts for the wealthy to expire. But is it good economics, good politics? Questions this morning for President Obama's newly appointed chair of the Council of Economic Advisers, Austan Goolsbee.

Then, remembering 9/11, and nine years, the growing hostility towards American Muslims.

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(UNKNOWN): We are treated and talked about today as if American Muslims are not Americans.

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AMANPOUR: An exclusive interview with the imam who wants to build an Islamic center near ground zero.

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AMANPOUR: If you thought it would have provoked this kind of reaction, what would you have done?

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AMANPOUR: And three leading figures on faith discuss religious tolerance and Islamophobia in America. Plus, analysis of all the week's politics on our roundtable with George Will, Arianna Huffington, Kate Zernike of the New York Times, and ABC senior congressional correspondent Jonathan Karl.

And the Sunday Funnies.

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(UNKNOWN): The economy is so bad that Florida preacher Terry Jones now wants to burn his (401)k. That's how bad!

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AMANPOUR: Hello. The world economy once looked to the American consumer to pull it out of recession. Not anymore. Now the world is looking to China and emerging economies where growth is taking hold. At his news conference on Friday, President Obama admitted that economic progress here was, quote, "painfully slow."

Joining me this morning, the president's top economic adviser, Austan Goolsbee, who's just been appointed chair of the president's Council of Economic Advisers. Thank you for joining us here. Thank you very much.

I want to ask you what's just happened. The House Minority Leader John Boehner has said that the only -- that he would consider extending the middle class tax cuts, "if the only option I have is to vote for some of those tax reductions, I'll vote for it," he said on "Face the Nation" this morning. What is your reaction to that?

GOOLSBEE: Well, I obviously haven't seen the comments, but I noticed the qualifier, if my only choice is. If he's truly saying that we can, as the president called for, get a broad consensus to extend the middle class tax cuts, we should do it.

AMANPOUR: And he's obviously saying...

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GOOLSBEE: We shouldn't hold that hostage for the argument about the tax cuts just for the very, very highest income people. So if he's for that, I would be happy. In the past, we have seen some of these circumstances in which what appears to be the offer of doing this -- the sensible thing, in the light of day there was a little bit of a feeling, well, if the president is for it, I'm against it, and then it falls apart.

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