Republican Jobs Bills Won't Actually Create Jobs, Say Economists ...
most said the GOP jobs package would have no meaningful impact on job
creation in the near term. Some said it was not likely to do much in the
long term, either.
- "A lot of these things are laughable in terms of a jobs plan that would
produce noticeable improvements across the country in the availability
of employment in the next four or five years," said Gary Burtless, a
senior economist at Brookings. "Even in the long run, if they have any
effect all, it would be extremely marginal, relative to the jobs deficit
we currently have."
- Mark Zandi, the chief economist at Moody's Analytics, agreed that the
bills would have almost no effect on job creation in the short term,
though he was slightly more optimistic about their long-term prospects. "These kind of changes will matter over a period of three to five
years," Zandi said. "It takes that long before businesses can digest
changes and respond to them." He noted, though, that legislation as narrowly targeted as the Republican package is unlikely to do much for real job creation.
- Ultimately, each economist was clear on one point: The GOP package is far more political than practical.
"It's game playing to try to pretend like they're doing something,"
said Jesse Rothstein, an economics professor at the University of
California, Berkeley. "It's silly season, and so they know they have to
put up something that has the label 'job creation' on it, whether or not
it would work."
Jobs, jobs, jobs, my arse ...
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