The Spin That Wouldn’t Die

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Thursday, February 12, 2009 at 2:19 pm

Rep. Eric Cantor’s (R-Va.) office just sent over it’s comparison of the latest version of the stimulus package with the House Republican Economic Recovery Plan. To my surprise, it includes the “twice the jobs for half the price” promise based on an interpretation of Council of Economic Advisers Chair Christina Romer’s economic research — that Romer herself has debunked.

Cost:
Cost of the “Final” Democrat Spending Bill: $790 Billion
Cost of the House Republican Alternative: $477 Billion

Jobs:
Number of Jobs Created by the “Final” Democrat Spending Bill: 3.5 million
Number of Jobs Created by the House Republican Alternative: 6.2 million

I’ve asked multiple spokespeople in GOP leadership why their interpretation of Romer is right, and why she’s wrong, but have not gotten an answer.

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Comments

8 Comments

daveinthemountains
Comment posted February 12, 2009 @ 3:37 pm

Little wonder. It's voodoo economics all over again.

Now, where's my voodoo doll?

The plan from house GOP leders is crap, pure and simple. Let's get on with a real program, people, can we?


Bullsmith
Comment posted February 13, 2009 @ 10:11 am

All I can hope is that the Republicans come to find out how incredibly angry they're making some people.


Todd
Comment posted February 13, 2009 @ 11:27 am

I can't wait until the fall 2010 elections, when even more GOP members of congress lose their spots. While I hoped for bipartisanship, it now looks like the only way to get move forward is to remove them completely from the picture.


Howard
Comment posted February 13, 2009 @ 1:51 pm

And they're still childishly using “Democrat” as an adjective? Grow the f*** up.


Gregg withdrawal postmortem « David Kirkpatrick
Pingback posted February 13, 2009 @ 3:25 pm

[...] The GOP is not interested in the long term fiscal health of this country. Their reckless stewardship over the last eight years proves that. They are not interested in helping this new president, who has done everything he can to create a civil atmosphere, to use this moment to prevent the worst in the short term and move to improve matters in the long term. Instead, they spin. [...]


Bullsmith
Comment posted February 13, 2009 @ 6:11 pm

All I can hope is that the Republicans come to find out how incredibly angry they're making some people.


Todd
Comment posted February 13, 2009 @ 7:27 pm

I can't wait until the fall 2010 elections, when even more GOP members of congress lose their spots. While I hoped for bipartisanship, it now looks like the only way to get move forward is to remove them completely from the picture.


Howard
Comment posted February 13, 2009 @ 9:51 pm

And they're still childishly using “Democrat” as an adjective? Grow the f*** up.


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