Discussion in 'Economics' started by olias, Mar 4, 2011.

  1. olias


    "...The Federal Reserve’s estimate of job losses is significantly lower than the study of the proposal by Zandi, who frequently analyzes the economic impact of legislation for House Democrats. Zandi also worked as an economic adviser for Republican Senator John McCain’s 2008 presidential campaign.

    Zandi said the measure would cost the country 700,000 jobs by the end of 2012 and reduce real economic growth this year by 0.5 percentage points and by 0.2 percentage points next year.

    “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,” Zandi said. "

  2. ....then again, on the other hand......:cool: