The Republican Plan For Jobs

“Mark Zandi, the chief economist at Moody’s Analytics, is out with a new report today suggesting that the economy could lose 700,000 jobs by the end of next year if Republicans push through $61 billion in cuts called for in their 2011 budget proposal…. Monday’s report comes on the heels of an analysis from Goldman Sachs projecting that the Republican plan, if put into action, could slow the economy’s growth by up to 2 percentage points this year alone.” Presumably, however, these are union or government jobs, which we all know don’t count.