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ProSense

(116,464 posts)
3. Yes, but
Mon Feb 17, 2014, 03:51 PM
Feb 2014

"It would make a good ad to hammer home if the Democrats were really serious..."

...how often is pushback against Republican distortion of the effects of the stimulus met with "worked for who"?

Democrats have a way of stomping all over any positive message.

Of course, there was also the lost opportunity that would have strengthened the recovery.

The Jobs Program That Wasn’t

Macroeconomic Advisers on the American Jobs Act, proposed a year ago:

We estimate that the American Jobs Act (AJA), if enacted, would give a significant boost to GDP and employment over the near-term.

-The various tax cuts aimed at raising workers’ after-tax income and encouraging hiring and investing, combined with the spending increases aimed at maintaining state & local employment and funding infrastructure modernization, would:
-Boost the level of GDP by 1.3% by the end of 2012, and by 0.2% by the end of 2013.
-Raise nonfarm establishment employment by 1.3 million by the end of 2012 and 0.8 million by the end of 2013, relative to the baseline

Of course, it that had happened, Obama would be more or less a lock for reelection. Instead, having blocked the president’s economic plans, Republicans can point to weak job growth and claim that the president’s policies have failed.

http://krugman.blogs.nytimes.com/2012/09/08/the-jobs-program-that-wasnt/

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