Oliver Willis

Republican Budget Would Kill Jobs

Mark Zandi, Moody’s Economist, runs the figures:

The House Republicans’ proposal would reduce 2011 real GDP growth by 0.5% and 2012 growth by 0.2%. This would mean some 400,000 fewer jobs created by the end of 2011 and 700,000 fewer jobs by the end of 2012.

The more conspiratorial of us would ask, “maybe that’s the point?”