Tax Cuts Create More Jobs Than Actually Creating Jobs?!?!?
Via Atrios, I discovered that Dem political lawyer Ron Klain "overs[aw] implementation" of the infrastructure spending in the 2009 stimulus:
When I worked in the Obama White House, one of my most important assignments was to help oversee implementation of the American Recovery and Reinvestment Act[.]
Why was Ron Klain charged with this task? What did he know about infrastructure projects? As Atrios points out he surely knows very little about economics and job creation. Atrios writes:
former admin official Ron Klain argues with imaginary hippies who told him all he had to do was build another Hoover Dam and the economy would be fixed, and then proceeds to ignore any multiplier effects for infrastructure projects while arguing that payroll tax cuts in the face of mass unemployment is the way to go. Also, too, subsidies for private industry! Or something.
Atrios is reacting to this bit from Klain:
In the short run, more jobs can be created with initiatives like the payroll tax cut the administration is reportedly considering.
This is just wrong. Indeed, how in Gawd's name can Klain make the claim that the stimulus created or preserved 3 million jobs while at the same time spouting this nonsense? The stimulus did not create 3 million direct jobs (would that it had.) It is by taking into account the multiplier effects of the stimulus that such a claim can even be seriously forwarded. Klain's column is simply ridiculous.
But the fascinating part of this is this economics claptrap is being forwarded by a Dem political operative. And that part is just depressing. We are doomed.
Speaking for me only
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