Monday, February 28, 2011

About the "job-killing" agenda - whose is it anyway?

In NH and around the country, as well as in DC, we hear over and over that cutting government budgets, getting rid of all that "job-killing" spending, will create lots and lots of private sector jobs.  Even if it hasn't worked in the last 30 years, this time it will work.Well, the guys who do economic predictions for Wall St., big banks, etc., beg to differ:

Zandi, an architect of the 2009 stimulus package who has advised both political parties, predicts that the GOP package would reduce economic growth by 0.5 percentage points this year, and by 0.2 percentage points in 2012, resulting in 700,000 fewer jobs by the end of next year.
Zandi was John McCain's financial guru in the 2008 campaign. Others as well:

The Washington Post's Dana Milbank, relying on data compiled by the Center for American Progress, found that the Republican budget plan would force roughly 975,000 Americans from their jobs. What's more, just last week, economists at Goldman Sachs estimated that the GOP proposal would reduce economic growth by as much as 2% of GDP, which would cause the unemployment rate to go up about a point.
In effect, our Republican representatives at all levels of government have a real job killing agenda.  Might be worth talking about?

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