The Spin That Wouldn’t Die
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 of the “Final” Democrat Spending Bill: $790 Billion
Cost of the House Republican Alternative: $477 Billion
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.