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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsConservative think tank: GOP’s government-by-crisis strategy has cost the country 900,000 jobs
GOPs government-by-crisis strategy has cost jobs
10/14/13 04:34 PM
The Republican strategy of governing by crisis has already worked to boost unemployment and slow economic growth, a new report from a conservative think tank concludes.
The report, released as the government shutdown approaches its third week and the country teeters on the edge of a debt default, finds that heightened economic uncertainty has cost 900,000 jobsincreasing the unemployment rate by 0.6%and has significantly lowered GDP growth since the start of 2010.
Based on this reports findings, we can assert confidently that the crisis-driven fiscal policies of the last several years have damaged our still-struggling economy, Joel Prakken of Macroeconomic Advisers, who prepared the report for the Peterson Foundation, said in a statement.
Economic uncertainty, Prakken told MSNBC in a phone interview, is one of the reasons that the recovery from the Great Recession has been on the disappointing side.
http://www.msnbc.com/msnbc/government-crisis-has-cost-jobs
freshwest
(53,661 posts)RTW for less laws, union breaking and cheap labor?
NONE of those things have disappointed any of these conservatives.
Meanwhile they've been busily privatizing all the necessities of life, and stealing food, water, air quality, healthcare and income from many more millions.
They don't give a fuck about the unemployed, they have benefited by terrorizing the public.
Cali_Democrat
(30,439 posts)Not exactly unexpected.
Cha
(297,285 posts)took over our Gov.