POLITICO
A top economist says President Barack Obama’s job plan will likely add 1.9 million jobs and grow the economy by 2 percent.
Mark Zandi,
chief economist at Moody’s Analytics, also said Obama’s $447-billion
plan would likely cut the unemployment rate by a percentage point, United Press International reported on Friday.
Unemployment stands now at 9.1 percent and there are 14 million Americans currently out of work.
In his Thursday night jobs speech, Obama laid out the details of his
proposed American Jobs Act and called on Congress to pass it right away.
“There should be nothing controversial about this piece of
legislation,” he said. “Everything in here is the kind of proposal
that’s been supported by both Democrats and Republicans – including many
who sit here tonight. And everything in this bill will be paid for.
Everything.”
The package offers a mix of tax cuts, state aid, jobs programs and construction projects.
Obama promised he would take his message around the country to build
support for the plan, and he kicks off his tour at Virginia’s University
of Richmond today.
The president will release a detailed deficit reduction plan a week from Monday.
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