Home Budget, Economy With Economy on Precipice, Congress Prepares to Kill More Jobs

With Economy on Precipice, Congress Prepares to Kill More Jobs

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With news that Republicans are looking to make the Boehner plan to kill 700,000 jobs even worse, David Kurtz at TPM writes:

First quarter GDP revised downward to a 0.4 percent growth rate. Second quarter GDP grew at a lower-than-expected 1.3 percent.

Let’s go ahead and suck some more demand out of the economy by cutting government spending. But first, it’d be a good idea to roil the credit markets by flirting with government default.

Anything we’re leaving out of this recipe for disaster?

At The Plum Line, Adam Serwer wonders why Democrats seem to have given up on any effort to preserve or create jobs.

  • Jim B

    Maybe it is just me, but I don’t see anyone in politics these days that knows how to do much of anything, certainly not on how to govern and how to create jobs. Maybe the government needs a Steve Jobs or equivalent.