Economy

Thanks, Moderates!

The Nelson-Collins "centrist" cuts to the recovery bill mean 1 million to 2.5 million fewer jobs created.

Like I wrote in the previous post, if they insisted on trimming the Republicans-hate-this-so-we-better-cave-and-cut items from the bill, they should've added the savings to the acceptable line items, or created new programs that were more acceptable. Instead, they're sabotaging job creation.

By the way, in Jed's post, notice the CBO multiplier chart and, specifically, which sorts of items have a lesser effect on the economy. That's right. Tax cuts have the least impact on GDP. Government spending has the highest. The current Senate bill is 42 percent tax cuts. Heckuva job, Senators!