Moody’s Economist: Obama jobs proposal would create 1.9 million jobs

Brad Plumer:

Mark Zandi, chief economist at Moody’s Analytics, is frequently the go-to guy for both parties when it comes to analysis of various jobs proposals. So, what did he think of President Obama’s speech last night? Here’s the report: “The plan would add 2 percentage points to GDP growth next year, add 1.9 million jobs, and cut the unemployment rate by a percentage point.”

To be sure, Zandi is not totally smitten with the plan, arguing that it doesn’t adequately deal with the “ongoing foreclosure crisis and housing slump”—two things, he writes, that are “major impediments to the recovery.” On the bright side, it “would go along way toward stabilizing confidence, forestalling another recession, and jump-starting a self-sustaining economic expansion.”

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About Guy N. Texas

Guy N. Texas is the pen name of a lawyer living in Dallas, who is now a liberal. He was once conservative, but this word has so morphed in meaning that he can no longer call himself that in good conscience. Guy has no political aspirations. He speaks only for himself.
This entry was posted in Economics, Income inequality, News, Politics, Presidential rhetoric. Bookmark the permalink.

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