Archive for the ‘Thomas Barthold’ Category

Will Obama Stimulus Create Jobs? Many “Experts” Can’t Say (Or Say No…)

January 22, 2009

Ranking minority member Dave Camp (R-MI) asked “experts” such as  Thomas Barthold, Acting Chief of Staff, Joint Committee on Taxation, about job creation in the  proposed stimulus bill. 

See Video:
http://www.youtube.com/watch?v=NtFwS2W3ITI

“There’s some real concern about the high cost of it versus the jobs created,” said Michigan Rep. Dave Camp, the senior Republican on the House Ways and Means Committee. Mr. Camp said Republicans haven’t had any role in shaping the recovery package. “I don’t think the president wants a partisan-only bill,” he said.

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From The Wall Street Journal:

As President Barack Obama’s $825 billion economic-recovery package began making its way through Capitol Hill, congressional budget analysts suggested a key plank of the plan may not provide as big a near-term lift for the economy as expected.

The nonpartisan Congressional Budget Office projected less than half of the $355 billion that House Democrats want to spend on highways, bridges and other job-creating investments is likely to be used before the end of fiscal 2010. The CBO said the balance would likely be spent over the next several years, after the recession is projected to end.

Republicans said the analysis shows that the package, which Democratic leaders drew up with top Obama aides to boost the ailing economy, wouldn’t create the promised jobs. “Clearly, we’re not talking about a stimulus bill,” said Virginia Rep. Eric Cantor, the second-ranking House Republican.

Republicans asked for a meeting with Mr. Obama to discuss alternative measures that could be applied, including additional tax cuts.

Read the rest:
http://online.wsj.com/article/SB123257985064904169.html