Lakhota
Diamond Member
By Brian Beutler
CBO Director Doug Elmendorfs testimony before the Senate Budget Committee Tuesday was full of bad news for the unemployed, and thus for President Obama. This is the stuff Republicans blasted out to reporters: Unemployment will likely be sky high through next year, GDP growth has been and will continue to be anemic.
But his prepared remarks confirm this is in part a product of the GOPs unwillingness to pass the big-ticket items in Obamas jobs bill. And they also imply that the GOPs economic counter-proposals would do almost nothing to actually improve things.
Heres a chart that lays out pretty clearly:
More: CHART OF THE DAY: CBO Says Dem Plans Create More Jobs | TPMDC