"Republican Jobs Bills Won't Actually Create Jobs, Say Economists" by Erin Mershon
Republican Jobs Bills Won't Actually Create Jobs, Say Economists
by Erin Mershon at the Huffington Post
http://www.huffingtonpost.com/2012/07/24/republican-jobs-bills_n_1687647.html
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"They are very narrowly targeted, and it gives the impression that maybe some of this is special interest really pursuing these, not really taking a macro view but a very, very micro focus in what the impact would be," Riccadonna said. For most of the bills in the package, "jobs are a second- or third-order effect, not the main priority."
At the heart of the GOP jobs package is a push for rolling back regulations -- and gutting environmental laws that regulate clean air and water -- to spur job growth. The House Republican Conference website makes the argument that deregulation will "remove onerous federal regulations that are redundant, harmful to small businesses, and impede private sector investment and job creation."
But economists told The Huffington Post that regulation has had a minimal impact on the unemployment rate. Their claim is backed by the Bureau of Labor Statistics, which shows that just under 16,000 jobs, or 0.4 percent, were lost because of "government regulations/intervention."
"It's just hard to believe that the paperwork requirements to starting a business represent a major impediment to starting businesses right now," Burtless said. "That's not why we had lots more business creation in the late '90s."
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