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Reply #6


Response to ck4829 (Original post)

Sat Sep 8, 2012, 11:46 AM

6. This doesn't help: Republicans Have Blocked The American Jobs Act For One Year

On September 8, 2011 — one year ago tomorrow — President Obama laid out a series of policy proposals known collectively as the American Jobs Act. The plan included stimulus spending in the form of immediate infrastructure investments, tax credits for working Americans and employers to encourage consumer spending and job growth, and efforts to shore up state and local budgets to prevent further layoffs of teachers, firefighters, police officers, and other public safety officials.

The American Jobs Act never became law, however, because Republicans opposed it from the start, blasting it as another form of “failed stimulus” that wouldn’t help the economy. (They ignored the fact that the first “failed stimulus,” the American Recovery and Reinvestment Act, wasn’t a failure at all.) One month later, the GOP blocked the bill in the Senate, preventing the creation of more than a million jobs and the added growth that multiple economists predicted would occur if the bill passed:

–Moody’s Analytics estimated the American Jobs Act would create 1.9 million jobs and add two percent to gross domestic product.
–The Economic Policy Institute estimated it would create 2.6 million jobs and protect an addition 1.6 million existing jobs.

–Macroeconomic Advisers predicted it would create 2.1 million jobs and boost GDP by 1.5 percent.
–Goldman Sachs estimated it would add 1.5 percent to GDP.


http://thinkprogress.org/economy/2012/09/07/812251/republicans-blocked-jobs-act-one-year/

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ck4829 Sep 2012 OP
Cary Sep 2012 #1
AnotherMcIntosh Sep 2012 #4
Cary Sep 2012 #11
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Cary Sep 2012 #16
AnotherMcIntosh Sep 2012 #18
Cary Sep 2012 #20
Freddie Sep 2012 #2
jody Sep 2012 #3
Nikia Sep 2012 #5
gkhouston Sep 2012 #7
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SunsetDreams Sep 2012 #6
KG Sep 2012 #8
jody Sep 2012 #9
moondust Sep 2012 #10
MadHound Sep 2012 #12
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