GOP Budget Plan Would Cost 700,000 Jjobs

To me it's amazing how the GOP continues to dupe working class and middle class voters into supporting policies that are clearly against their own best interests. Indeed, many of the Tea Party crowd are working to support candidates who will quickly jettison them over the side of the economic ship once in office. A new independent study of the impact of the GOP budget plan reveals that the GOP plan would cost 700,000 jobs - yep, instead of creating jobs it would do the exact opposite. Yet the sheeple continue to listen to the disingenuous bullshit emanating from the GOP. Here are highlights from the Washington Post on the study findings:
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A Republican plan to sharply cut federal spending this year would destroy 700,000 jobs through 2012, according to an independent economic analysis set for release Monday.

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The report, by Moody's Analytics chief economist Mark Zandi, offers fresh ammunition to Democrats seeking block the Republican plan, which would terminate dozens of programs and slash federal appropriations by $61 billion over the next seven months.

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Zandi, an architect of the 2009 stimulus package who has advised both political parties, predicts that the GOP package would reduce economic growth by 0.5 percentage points this year, and by 0.2 percentage points in 2012, resulting in 700,000 fewer jobs by the end of next year.
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"Significant government spending restraint is vital, but given the still halting economic recovery, it would be counterproductive for that restraint to begin until the economy is creating enough jobs to bring down the still very high unemployment rate," Zandi writes. "Shutting the government down for any length of time would also be taking a big chance with the recovery, not only because of the disruption to government services, but also due to the potential hit to the fragile collective psyche."

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One would hope that rational thought and analysis would kick in, but with the GOP base and the Tea Party set, objective reality means little.