GOP Budget

[ekg]

So far Goldman Sach and now Moody's have said this budget of theirs will not only kill the economy and ruin any progress made, but it'll kill 700,000 jobs and make us go backwards....

so much for that job creating thing...

The GOP's job-killing budget plan
The Republican response to a new private-sector analysis of their spending bill: La la la, I can't hear you! (ha,best line ever)


Are House Republicans attempting to wound the U.S. economy on purpose? (uh, duh.. yes they are.. a bad economy and more job loss will help get Palin elected.. they'll do anything for power..)

On Monday, economic forecaster Mark Zandi released a report for Moody's Analytics detailing the likely negative economic consequences of proposed GOP budget 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.

Mark Zandi was an economic adviser for John McCain's 2008 presidential campaign. He's not the kind of guy normally accused of being a Democratic pawn; he makes his living providing economic analysis to the private sector, which places a premium on being, you know, right, rather than politically correct. Nor is his prediction, like the warning released by Goldman Sachs earlier last week, particularly controversial. When governments cut spending in economies ravaged by high unemployment and characterized by a clear shortfall in aggregate demand, some amount of economic contraction is perfectly normal

story link

anything to stop jobs and progress though..

[Howey]

Ok. Fine. I was going to do a blog tomorrow! 

The Republicans and teabaggers ran for office based on jobs, jobs, jobs. Now it's all about killing jobs, jobs, jobs. Like I told lilMike the other day, what's in it for them if the economy improves, unemployment gets better, jobs are created, people start spending money?

Doom.

They don't want that to happen. Hell. They've admitted they don't want that to happen.

So be it...

Mimicked today by Indiana Gov. Mitch Daniels:

 http://www.npr.org/2011/02/28/134111630/indiana-gov-mitch-daniels-tough-on-budgets

INSKEEP: I want to ask something that a lot of people are confronting right now, as they deal with the federal deficit as well as state and local deficits that need to be closed. Are budget cuts — government budget cuts — worth it, even if they end up seriously costing a lot of jobs right now?

DANIELS: The answer is yes