Rep. Eric Cantor, to the surprise of exactly no one, announced today that Republicans had summarily rejected President Obama’s jobs bill. But all is not lost:
Mr. Cantor announced the House would consider elements of Mr. Obama’s jobs agenda in the coming month, including trade agreements the White House sent to Congress Monday and a tax break for government contractors.
So there you have it. The sum total of what the GOP is willing to consider is a trade pact with South Korea and a tax break for government contractors. Hold on a second while I perform a sophisticated econometric analysis of how many jobs this will create.
[Hold music playing…..]
OK, I’ve got it. None. This will have no noticeable impact on the economy at all. But then, that’s the plan, isn’t it?