Sunday, July 15, 2012

GOP Blockage Of Jobs Bill Cost 2.3 Million Jobs

An EPI study reported that 2.3 million jobs were lost because the GOP blocked a jobs bill in 2009 that was heavily weighted with support to states.  It reported that 1.1 million public sector jobs were lost that translated into 750,000 lose private sector jobs lost.  Cut backs in aide also reduced consumer consumption which led to further private sector job losses.  The unemployment rate would be 7% today instead of over 8% if the bill would have been passed.

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