"Among competing jobs plans, it's not even close" By Steve Benen at the Maddow Blog
Among competing jobs plans, it's not even close
By Steve Benen at the Maddow Blog
http://maddowblog.msnbc.com/_news/2012/07/25/12948731-among-competing-jobs-plans-its-not-even-close?lite
"SNIP.........................................
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.
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.
On the other hand, we have the 32 bills passed by House Republicans -- the GOP did not subject their measures to independent economists for some reason -- which we now see wouldn't make much of a difference at all.
..........................................SNIP"