Yesterday on NPR, I said I think this bill has two sides: there's what it looks like, and there's what it can actually do. What it looks like is good. It's bipartisan (11 Republicans voted for it) and it's pro-active about reducing unemployment. What it can actually do is not so good. For $18 billion in hiring tax credits, the Congressional Budget Office predicted we won't create more than 300,000 jobs. Optimistically, this moves forward our job creation by about a month and a half.
Obama signed his first "jobs bill" the same day the Congressional Budget Office released the Washington policy equivalent of the Ten Commandments tablets: the final analysis of health care reform. On both the New York Times and Washington Post homepages as of 12:27PM Thursday, health care is the top story, and HIRE is a small tab at the bottom of the page. On Google News and Huffington Post, I can't even find a link to the jobs bill. Maybe that's the proper attention to a $18* billion bill at a time when trillion-dollar figures are losing their shock value. Or maybe it's just bad timing.
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