Marco Rubio Says Obama's Jobs Plan Won't Work, Moody's Top Economist Says It Will

Categories: Politicks
rubiojobs.jpg
Yesterday, President Obama outline a proposed $447 billion jobs bill that would cut payroll taxes, increase spending on infrastructure and public works programs, and extend unemployment benefits.

Florida Sen. Marco Rubio, with lightning-fast speed, released a statement and video response last night claiming much of the bill "just won't work." However, top economists say the plan would add 2 million jobs and increase the economy by 2 percent.

"So there are some things that the president outlined that I think we can be supportive of, but my problem with this, quite frankly, is that a lot of it just won't work. A lot of it sounds like things we've already tried, such as more government spending. $800 billion didn't create jobs, how is $447 billion going to create jobs?" Rubio said. "So, ultimately I think the problem is there are some things in there that are good, but by and large, it's a proposal based on things that just won't work, haven't worked in the past and they won't work in the future."



Well, Senator Rubio, here's Moody's Analytics chief economist Mark Zandi to explain to you how the bill would add jobs.

According to UPI, he says, the "plan would likely add 1.9 million payroll jobs and grow the U.S. economy 2 percent" and "likely cut the unemployment rate by a percentage point." Zandi isn't alone.

"Payroll tax cuts are very powerful," Allen Sinai, chief economist of Decision Economics, tells the AP. "They provide a boost to direct income and, in turn, spending, which is important to growth."

If anything, there's some economists who say Obama's plan doesn't go far enough, and would like to see more spending.

However, Rubio's insistence that the plan "just won't work," doesn't seem to be the blanket answer for all Republicans.

House Speaker John Boehner says, "The proposals the president outlined tonight merit consideration."

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THE VOICE
THE VOICE

Listen. Once the Republicans give all our tax dollars to Corportions and the rich, we'll elect 100 Black Senators, and fill both Houses filled with an assemblage of Blacks, Mexicans, Rednecks, Cubans and Haitains. Then we'll suffer night mares from menancing ALLSTATE commercials, "YALL sho nuff In Good Hands Now!!"  After Obama finishs his Presidency as poster boy for the transfer of wealth to the Europeans, we'll elect another brother who talks in rythum, blues and rhyme similar to Jesse Jackson?  Talkin' bout BLUES, here's a couple Republicans TRYING TO BE PRESIDENT next year. One who "thinks," mind you, "THINKS," that Social Security is illegal and that Global warming isn't happening, while the other "Republican" has an econmic plam devised that will "Give" over 2 TRILLION, mind you, 2 million of your hard earned taxes to Corporations and the rich. They're getting free labor again right under your nose. It's modern day slavery. I couldn't believe it either!!!

Realitycheck
Realitycheck

I dont believe Marco Rubio is the one at fault for the failure of jobs in this state. The federal government has regulated business into the ground which has brought fear into hiring. If you blame the poor employment stats on a sophmore congressman then you are extremely misguided. Obama has been an utter failure and he is running away with it unscathed.

Drake Mallard
Drake Mallard

The same Marco Rubio? That Talks Big but Fails to Deliver?

To Marco Rubio Yes, go ahead, rather then focus your energy on fixing the economy and creating jobs, spend all your energy on pushing your religious views and political partisan propaganda. ahead and pander to the religious fanatics among your constituents.

people it time to recall marco rubio

Sanchez
Sanchez

You know what hasn't worked in the past and won't work in the future? Comb-overs. Marco, enjoy the year or so of hair you got left, because once it's gone and with it the boyish good looks, you are just another blowhard politician.

Jeebus
Jeebus

What has any Republican done since being sworn in this past January to create an environment that would get people into jobs? They all ran on "jobs jobs jobs" and it's been 9 months and nothing nada zip. All of Congress shares the blame on not touching the tax code that desperately needs to be overhauled and simplified. The country is screwed until that happens. Where are your cojones Rubio? Why don't you lead a real charge instead of just sitting there looking pretty while you read the talking points handed to you? 

Drake Mallard
Drake Mallard

Before the March 2000 session, Rubio was hardly the scorching conservative who would later woo Tea Partiers nationwide. He said he'd focus on supporting early education and community policing. And he wasn't particularly passionate about cutting spending. In his first three years, he supported adding a $4 surcharge to cruise tickets to fund a Marlins stadium and a $1.2 million earmark to build new bike paths in his district

gmp
gmp

Obviously Senator Rubio doesn't have a firm grasp on economics.  He has done nothing to help the state of Florida since he taking office.  Florida has one of the highest unemployment rates, and the fact that he doesn't understand the benefits of the new plan is absurd.So all you Florida residents who are unemployed and place blame on the Democrats, and voted for Rubio, maybe now you will realize that he doesn't care about your well-being.

Drake Mallard
Drake Mallard

Does anybody here think our U.S. congress/ us senate aka government can live on minimum wage?

Ban ALL forms of fundraising/lobbyist for any purpose. that is what has destroyed our government and no more lifetime benefit package.most politicians have no idea what it means to live like the majority of americans, or the people they represent.  maybe changing how they live might change their priorities and politics?

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