Associated Press openly scoffs at Democrat's "jobs bill"

Headline: "Will latest jobs bill really produce jobs?"
Subhead: "More spending is certain, more jobs are not in Democrats' new jobs bills"

...The job creation issue is complicated. Much of the money in the House bill goes to programs that may stimulate the economy but don't appear to directly put people to work...

...Even the investment in "shovel-ready" highway and bridge projects may not immediately translate into a reduction in the nation's 10 percent unemployment rate.

Republicans cited government figures showing that, as of Sept. 30, only 9 percent of $27.5 billion for highways in the first stimulus bill had been spent. The Congressional Budget Office estimates that of the $39 billion in the new House jobs bill directed to the departments of Transportation and Housing and Urban Development, only $1.7 billion will get spent before next October...

This is just more magical thinking. As the AP article notes elsewhere, a LOT of this Stim v1.0 money isn't doing "new stuff", that would actually like...create some jobs, the states and people getting it have been using it as a cheap book keeping trick to offset declining state tax revenues. I suppose these are the mythical "saved jobs" creatures rumored to lurk in the hinterlands somewhere up above the snowline...kinda like Yeti or Bigfoot. Rumors, just the idle moonshine and Sterno fueled talk of ignorant townsfolk and vagrants.

posted by Purp at 11:01 AM

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