After Stonewalling Obama’s Jobs Package, Republicans Complain About GDP Growth

http://thinkprogress.org/economy/2012/07/27/596751/gdp-jobs-act/

By Pat Garofalo on Jul 27, 2012 at 12:10 pm

New data released today shows that the U.S. economy grew by 1.5 percent last quarter, following a revised increase of 2 percent in the first quarter. Republicans, of course, leaped on the middling number, with Speaker of the House John Boehner (R-OH) calling it “a troubling sign for the future of our economy.”

But GOP’ers neglect to mention that they repeatedly filibustered President Obama’s American Jobs Act in the Senate, after several independent economic analysts estimated that the bill would boost GDP by one to three percent.

– Goldman Sachs economists estimated that the AJA would increase GDP by 1.5 percent, before any multiplier effects.

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The Congressional Budget Office also scored the bill as a net deficit reducer over a ten year budget window. As ThinkProgress has detailed, blocking the AJA is hardly the only thing that the GOP has done to sabotage economic growth and job creation.