Economists: Obama’s Jobs Plan Won’t Add Many New Jobs
by PubliusFrom the Associated Press:
First, do no harm. Economists say the most important part of the jobs plan President Barack Obama will unveil Thursday night is the renewal of two measures already in place—a cut in Social Security taxes and emergency aid for the unemployed.
His new proposals, like spending more for transportation projects and cutting taxes for companies that hire the unemployed, probably wouldn’t add many jobs, they say. Not soon, anyway.
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