Notice the headline which is only what a lot read.
GOP spending plan would cost 700,000 jobs, new report says
The first two paragraphs:
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.
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.
But this is printed with a straight face if you will...
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...
But at least the do have this:
Republicans have dismissed both reports, calling them the product of the same flawed economic thinking that produced President Obama's $814 billion stimulus package -- a bill that Democrats argued would keep unemployment below 8 percent. In fact, the unemployment rate has hovered at or above 9 percent for nearly two years.
On Monday, Republican aides were particularly critical of Zandi, a registered Democrat who advised Republican John McCain's 2008 presidential campaign but became one of the most influential advocates for government economic stimulus a year later.
OK a partisan leftist with no credibility on economics (yea, advising us to waste almost a trillion dollars for nothing puts you in that group) put out a worthless report and the capital's newspaper puts it out like it was from the burning bush. And these papers wonder why they are dying.
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