Tuesday, March 1, 2011

Mike Rogers and His Job-Killing Deficit Plan

Republican Mike Rogers and his fellow Republicans campaigned last fall on creating jobs, but now that they are in control of the U.S. House they are doing their best to destroy jobs.

That's according to a nationally known economist who advised Republican presidential candidate John McCain during his 2008 campaign.

Mark Zandi, chief economist of Moody's Analytics, says the budget cuts approved by Republicans in the House will cost the nation 700,000 jobs by 2012.

On top of that, the budget cuts will close down the Michigan Works centers in Michigan that help thousands of people a day look for work.

Other economists besides Zandi have said the budget cuts would cut up to 2 percent off the Gross Domestic Product and possibly stall the recovery. The Goldman Sachs report making that prediction
came out last week.

Those reports seem not to have registered on Rogers, who seems hell-bent on throwing people out of work and then making it harder for them to find work in the middle of a recession.

It's enough to make one ask whether Rogers wants the economy to stay weak and the unemployment rate high so that President Obama will face more political troubles in 2012.

No comments: