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

Discussion in 'Politics' started by SgtMeowenstein, Feb 28, 2011.

  1. SgtMeowenstein
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    SgtMeowenstein BANNED

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    A new report by Moody's economist Mark Zandi, says the House GOP's proposed cuts could cost 700k jobs and hurt the already unsteady recovery. This new report follows another report by Goldman Sachs, which says the GOP spending cuts would slow growth by 2 percentage points in the second and third quarters of this year.

     
  2. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    As Zandi was an architect of the Failed Stimulus package which was supposed to keep unemployment below 8%, his assessment of the current economic package doesn't mean jack.

    It's also quite telling that one of the biggest beneficiaries of Big Government Programs, Goldman Sachs, wishes to keep the Crony Trough full.
     
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  3. iamwhatiseem
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    iamwhatiseem Gold Member

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    Hell sounds good to me.
    He orchestrated the stimulus package that cost almost $2 trillion.
    The republican plan that SAVES money...will have about the same effect as the stimulus.

    Whatadeal
     
  4. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Actually, since the Stimulus was passed, we've lost about 3 million more private sector jobs.
     
  5. M14 Shooter
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    M14 Shooter The Light of Truth

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    Not cutting spending will lead to a economic, then societal, then global collapse.
     
  6. iamwhatiseem
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    iamwhatiseem Gold Member

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    Hey now...your not counting the 2.5 million jobs that this guy says his plan saved. :lol:
     
  7. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Mark Zandi is likely one of those people who deals with excessive credit card debt by getting even more credit cards.
     
  8. 8537
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    8537 Senior Member

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    Zandi was an "architect of the stimulus package?" Did he write that while still advising McCain?
     
    Last edited: Feb 28, 2011
  9. SgtMeowenstein
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    SgtMeowenstein BANNED

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    Eric Cantor seems to believe the numbers. He acknowledges that jobs may be lost due to GOP cuts, and like Boehner before him, he doesn't care.

     
    Last edited: Feb 28, 2011
  10. Stephanie
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    Stephanie Diamond Member Supporting Member

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    Where was all that wailing from you lefties when the Democrats promised all them JOBS and THEY didn't COME through?

    you damn right jobs are going to be lost, an them are going to be Guberment jobs. Who the hell said when you took a job with the Guberment, it was FOR LIFE.

    Some of you better start getting out the classifieds.
     

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