GOP spending plan would cost 700,000 jobs, new report says

[DainBramaged]

The report, by Moody’s Analytics chief economist Mark Zandi, offers fresh ammunition to Democrats seeking block the Republican plan, which would terminate dozens of programs and slash federal appropriations by $61 billion over the next seven months.

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.

His report comes on the heels of a similar analysis last week by the investment bank Goldman Sachs, which predicted that the Republican spending cuts would cause even greater damage to the economy, slowing growth by as much as 2 percentage points in the second and third quarters of this year.

http://www.washingtonpost.com/business/economy/gop-spending-plan-would-cost-700000-jobs-new-report-says/2011/02/28/ABBK9oJ_story.html


This cannot get enough replay, the media has ignored it.


Where are the jobs, Boehber? Cut by you scum that's where.

[veganlush]

1. Well, the GOP DID say..

..that they were going to focus on jobs....

[handmade34]

5. by golly

they didn't say that they were going to create jobs... merely focus on jobs!

[Tx4obama]

2. The GOP wants 'more' job losses, then they can try to put the blame on President Obama. n/t

[veganlush]

3. Yes, it's all about 2012

I'm beginning to believe what Thomm Hartmann has said many times, that it's all about 2012 and the reason 2012 is so important:The Supreme Court.

[Tx4obama]

4. Well the GOP already said a few months ago that their No.1 priority was ....

to make sure that Obama loses in 2012.
I can't remember who said that, it was either Boehner, McConnell, Ryan, or someone like that.

[ashling]

6. In the words of Johnny B.,

"So be it."

[lumberjack_jeff]

7. That's the best you can do?

Even that idiot GWB could put 20 million out of work. Slackers, you're not even trying are you?