So this jobs bill. Does it do anything?<\/p>\n
Eh<\/i>, would be my answer. To provide some context, this bill is Through its effects on wages, prices, and profits, By the CBO’s count, $15 billion could create the equivalent of 120,000 Witness the fruits of bipartisanship! The Senate jobs bill passed a key hurdle yesterday with five Republican votes, including newly minted GOP Sen. Scott Brown of Massachusetts. This wasn’t the crucial vote, mind you, but rather a vote to allow voting. Yet the press is treating the event not unlike a solar eclipse. Read only […]<\/p>\n","protected":false},"author":1534,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-355757","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/355757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1534"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=355757"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/355757\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=355757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=355757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=355757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nSen. Harry Reid’s $15 billion response to the Sens. Baucus and
\nGrassley’s $85 billion bipartisan retort to the House Democrats’ $150
\nbillion jobs plan. It’s like the baby girl within the Russian nested dolls<\/a>,
\nsharing the resemblance, if not the impressiveness, of its babushkas.
\nTo get a read on how many jobs it could produce, we turn to a helpful blog post<\/a> by Doug Elmendorf of the CBO:<\/p>\n
\nthe policy would add 8 to 18 cumulative years of full-time-equivalent
\nemployment in 2010 and 2011 per million dollars of total budgetary
\ncost, measured in terms of lost revenues. Thus, the budgetary cost of
\nincreasing employment by one full-time person for one year would
\nprobably be between $56,000 and $125,000.\n<\/p><\/blockquote>\n
\nand 270,000 full-time jobs for one year. That’s not chump change. But
\nthe country would need 200,000<\/a> new jobs created each month for the next seven years<\/i>
\nto hit 5 percent unemployment by 2017. We’re not talking about a game
\nchanging policy. Its impact on employment — like the bipartisan
\ngesture that helped move it to a final vote — will be small and likely
\nwithout consequence.
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