"the clear majority of economists believe the American Jobs Act would boost economic growth and lower the unemployment rate.
This isn’t even controversial. The day after President Obama’s joint-session speech, the AP reported, “A tentative thumbs-up. That was the assessment Thursday night from economists who offered mainly positive reviews of President Barack Obama’s $450 billion plan to stimulate job creation.”
Economists at the Economic Policy Institute published a very favorable response to the plan,
and economists at Macroeconomic Advisers projected that the White House plan “would give a significant boost to GDP and employment over the near-term.”
Two weeks ago, Bloomberg News surveyed
a group of major economists and found that they believe the jobs bill would “help avoid a return to recession by maintaining growth and pushing down the unemployment rate next year.”
While the economists surveyed had widely divergent estimates, the overall consensus among the experts is that the Americans Jobs Act would create hundreds of thousands, if not millions, of jobs.
What’s more, while
Fed Chairman Ben Bernanke and
CBO chief Doug Elmendorf didn’t explicitly endorse the American Jobs Act, they expressed public support for the concept behind the plan.
In the meantime,
independent economists who’ve been asked to look at Republican job-creation ideas have found the GOP measures are largely meaningless and would have no discernible effect."
Political Animal - Define ‘every’
