"Republican Jobs Bills Won't Actually Create Jobs, Say Economists"
Republicans are once again going to try to pass a whole bunch of corporate sweet heart deals and call them jobs bills even though they do not actually create jobs. Hey, why not increase Ann Romney's tax deductions for her horse, and call it a jobs bill? Of course, the corporate media will give House Republicans a free pass on this.
http://www.huffingtonpost.com/2012/07/24/republican-jobs-bills_n_1687647.html
In interviews conducted by The Huffington Post with five economists, most said the GOP jobs package would have no meaningful impact on job creation in the near term. Some said it was not likely to do much in the long term, either.
"A lot of these things are laughable in terms of a jobs plan that would produce noticeable improvements across the country in the availability of employment in the next four or five years," said Gary Burtless, a senior economist at Brookings. "Even in the long run, if they have any effect all, it would be extremely marginal, relative to the jobs deficit we currently have."
Mark Zandi, the chief economist at Moody's Analytics, agreed that the bills would have almost no effect on job creation in the short term, though he was slightly more optimistic about their long-term prospects.
"These kind of changes will matter over a period of three to five years," Zandi said. "It takes that long before businesses can digest changes and respond to them."