I know this is only, you know, economics, but Mark Zandi’s chart on President Obama’s new jobs plan suggests it might actually put people back to work. If Congress does nothing, Zandi says, we’ve got higher unemployment next year. If Congress passes the bill, we’d be a point lower.
Steve Benen rounds up the response from economists. “There are reasonable questions as to whether congressional Republicans even want to improve the economy at all, but if lawmakers have any interest in creating jobs and boosting growth, the American Jobs Act would work,” he writes. “It’s not everything I could have asked for, but it’s an ambitious solution to a pressing problem that would a big difference.”
From the show: Congressman John Mica (R-Florida) and the question of urgency.