Obama Claims His New Job Bill Will Produce 1.9 Million Jobs: However Bill Has Yet To Introduced
September 16th, 2011
Obama Claims His New Job Bill Will Produce 1.9 Million Jobs: However Bill Has Yet To Introduced
Published on September 16th, 2011 @ 11:35:20 pm , using 236 words

By David Jackson, USA TODAY
President Obama has attached a big number to his jobs bill: 1.9 million.
At a private fundraiser last night, Obama said his proposal would create 1.9 millions jobs, while reducing the 9.1% unemployment rate by a percentage point; he also said it would add two percentage points to the gross domestic product.
Assuming it's passed by Congress, that is.
"The Republicans in the House, their natural instinct right now is not to engage in the kind of cooperation that we'd like to see," Obama said in promoting his American Jobs Act.
Obama's projections appear to be based on those made by Mark Zandi, chief economist at Moody's Analystics, who also spoke of 1.9 million jobs and a percentage point drop in the jobless rate.
Zandi also criticized the plan for ignoring the home foreclosure "crisis," calling that a major impediment to the economic recovery.
And any economic projections are dangerous in the political context -- as Republicans prove every day when they cite the mistaken impact of Obama's 2009 stimulus bill.
"Back in 2009 he promised that the stimulus one would keep unemployment below 8%," said Republican Party chairman Reince Priebus. "Well of course it's still above 9% and it's been that way for many, many months."
See photos of: Barack Obama
More from USATODAY
-
MSNBC suspends analyst after Obama remark (USATODAY.com in LifeLine Live)
-
Obama clashes with Tea Party member (USATODAY.com in The Oval)





