Republicans: “The Party of Jobs”
Job DESTRUCTION, that is. “Hey, we didn’t say anything about ‘creating jobs’ — we just said ‘jobs.’ Gotcha!”
It’s bad enough the Republicans have not created a single new job since they took over the House. Now on top of that, they’re planning to eliminate 700,000 jobs.
And who’s the moonbat socialist who came up with this leftwing propaganda? Fuzzy math, right?
Sorry, rightwads — this is from Mark Zandi, chief economist for Moody’s Analytics. Mark Zandi was also on John McCain’s economic team during the 2008 election campaign. Zandi had some dire news about the GOP’s spending cuts:
“The House Republicans' proposal would reduce 2011 real GDP growth by 0.5% and 2012 growth by 0.2%. This would mean some 400,000 fewer jobs created by the end of 2011 and 700,000 fewer jobs by the end of 2012...Significant government spending restraint is vital, but given the economy's halting recovery, it would be counterproductive for that restraint to begin until the U.S. is creating enough jobs to lower the unemployment rate…Imposing additional government spending cuts before this has happened, as House Republicans want, would be taking an unnecessary chance with the recovery.”
A report from Goldman-Sachs, leaked last week, was even more alarming: the GOP’s budget cuts would reduce second- and third-quarter growth this year by 1.5 to 2 percentage points.
How’s this “party of jobs” thingy workin‘ out for ya?