Republican Jobs Bills Won't Actually Create Jobs, Say Economists
Posted: 07/24/2012

The GOP jobs package, which currently includes 32 bills, represents Republicans' hallmark legislative accomplishment over the past two years. In the months ahead of the election, they will lean on it as proof of two things: that they are not the do-nothing obstructionists that Democrats paint them as, and that they are working hard to address the 8.2 percent unemployment rate.

But there's a problem with their jobs bills: They don't create jobs. At least, they won't any time soon.

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.

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