Posts Tagged ‘analysis

29
Jun
11

give ’em hell

Welcome to our world, Tweety 😉

Thank you Doris! (Original video here)

Bob Schieffer:

Thank you Sonjia

28
Feb
11

‘house gop budget cuts would destroy 700,000 jobs’

Greg Sargent (Washington Post): A Republican plan to sharply cut federal spending this year would destroy 700,000 jobs through 2012, according to an independent economic analysis set for release Monday.

The report, by Moody’s Analytics chief economist Mark Zandi, offers fresh ammunition to Democrats seeking block the Republican plan, which would terminate dozens of programs and slash federal appropriations by $61 billion over the next seven months.

….Zandi will of course be dismissed in some quarters because he has aggressively defended the stimulus. But this is the second outside analysis to reach this conclusion. Last week Goldman Sachs, in a confidential report to clients, concluded that House GOP budget cuts would be a drag on the economy and cut economic growth by roughly two percent of GDP.

More here

24
Feb
11

making the economy worse, on purpose

Steve Benen (Washington Monthly): If federal policymakers want to make the economy worse, on purpose, all they have to do is approve the Republican agenda. The Financial Times has this report today:

“The Republican plan to slash government spending by $61bn in 2011 could reduce US economic growth by 1.5 to 2 percentage points in the second and third quarters of the year, a Goldman Sachs economist has warned……”

…Remember, this analysis comes a week after additional research found that the Republican spending cuts could lead to roughly 1 million job losses. (Asked about this, Speaker John Boehner replied last week, “So be it.”)

…We now have independent analyses showing that the Republican spending measure would push the economy back towards a recession and would deliberately make unemployment worse. If Democrats balk, the GOP will shut down the government.

Why this isn’t the lead story in every news outlet in the country remains unclear.

Update: I suppose the next question is why Republicans would pursue a plan they know would slow the economy. Among the possibilities … they have to hurt the country on purpose to undermine President Obama’s re-election chances … I’d love to understand the GOP’s motivations, but just as importantly, I’d love for the media to press the GOP on its motivations.

Read the full article here




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