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Economists on Boehner/Republican job bills: "laughable," "silly season"
Among competing jobs plans, it's not even close
By Steve Benen
<...>
Gary Burtless, a senior economist at Brookings, went so far as to call many of the bills touted by Boehner as "laughable."
Jesse Rothstein, an economics professor at UC Berkeley added, "It's game playing to try to pretend like they're doing something. It's silly season, and so they know they have to put up something that has the label 'job creation' on it, whether or not it would work."
<...>
The truth is, however, we've already seen this kind of analysis. Remember, immediately after Obama presented his plan in September, independent analysis concluded the Americans Jobs Act would have a significant and positive effect. From an AP report published at the time:
Macroeconomic Advisers wasn't quite as optimistic, but its analysis projected that the White House plan "would give a significant boost to GDP and employment over the near-term." The firm would expect to see the proposal create at least 1.3 million jobs.
- more -
http://maddowblog.msnbc.msn.com/_news/2012/07/25/12948731-among-competing-jobs-plans-its-not-even-close
By Steve Benen
<...>
Gary Burtless, a senior economist at Brookings, went so far as to call many of the bills touted by Boehner as "laughable."
Jesse Rothstein, an economics professor at UC Berkeley added, "It's game playing to try to pretend like they're doing something. It's silly season, and so they know they have to put up something that has the label 'job creation' on it, whether or not it would work."
<...>
The truth is, however, we've already seen this kind of analysis. Remember, immediately after Obama presented his plan in September, independent analysis concluded the Americans Jobs Act would have a significant and positive effect. From an AP report published at the time:
A tentative thumbs-up. That was the assessment Thursday night from economists who offered mainly positive reviews of President Barack Obama's $450 billion plan to stimulate job creation. [...]
Mark Zandi, chief economist at Moody's Analytics, estimated that the president's plan would boost economic growth by 2 percentage points, add 2 million jobs and reduce unemployment by a full percentage point next year compared with existing law.
Mark Zandi, chief economist at Moody's Analytics, estimated that the president's plan would boost economic growth by 2 percentage points, add 2 million jobs and reduce unemployment by a full percentage point next year compared with existing law.
Macroeconomic Advisers wasn't quite as optimistic, but its analysis projected that the White House plan "would give a significant boost to GDP and employment over the near-term." The firm would expect to see the proposal create at least 1.3 million jobs.
- more -
http://maddowblog.msnbc.msn.com/_news/2012/07/25/12948731-among-competing-jobs-plans-its-not-even-close
4 replies
= new reply since forum marked as read
= new reply since forum marked as read
But at least she is still blogging. 
