Conservative think tank: GOP’s government-by-crisis strategy has cost the country 900,000 jobs
GOP’s government-by-crisis strategy has cost jobs
10/14/13 04:34 PM
The Republican strategy of governing by crisis has already worked to boost unemployment and slow economic growth, a new report from a conservative think tank concludes.
The report, released as the government shutdown approaches its third week and the country teeters on the edge of a debt default, finds that heightened economic uncertainty has cost 900,000 jobs—increasing the unemployment rate by 0.6%—and has significantly lowered GDP growth since the start of 2010.
“Based on this report’s findings, we can assert confidently that the crisis-driven fiscal policies of the last several years have damaged our still-struggling economy,” Joel Prakken of Macroeconomic Advisers, who prepared the report for the Peterson Foundation, said in a statement.
Economic uncertainty, Prakken told MSNBC in a phone interview, “is one of the reasons that the recovery from the Great Recession has been on the disappointing side.”
http://www.msnbc.com/msnbc/government-crisis-has-cost-jobs
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