Chart of the Day: How Not to Create Jobs

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Chuck Marr of CBPP notes that the CBO recently studied a laundry list of job creation proposals and concluded that higher unemployment benefits had the biggest bang for the buck. “That’s not surprising,” he says, “given that jobless people are severely cash constrained and would quickly spend most of any incremental increase in cash and that, in turn, would lead to higher demand and job creation.”

But which proposal came in last? You’ll have to scroll wa-a-a-a-y down to the bottom of this chart to see it, but the answer is: a tax repatriation holiday for big multinational corporations. So riddle me this: What is Congress more likely to pass? A program that benefits the 99% and creates lots of jobs? Or a program that benefits the 1% and creates hardly any jobs at all? Hmmm….

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THE BIG PICTURE

You expect the big picture, and it's our job at Mother Jones to give it to you. And right now, so many of the troubles we face are the making not of a virus, but of the quest for profit, political or economic (and not just from the man in the White House who could have offered leadership and comfort but instead gave us bleach).

In "News Is Just Like Waste Management," we unpack what the coronavirus crisis has meant for journalism, including Mother Jones’, and how we can rise to the challenge. If you're able to, this is a critical moment to support our nonprofit journalism with a donation: We've scoured our budget and made the cuts we can without impairing our mission, and we hope to raise $400,000 from our community of online readers to help keep our big reporting projects going because this extraordinary pandemic-plus-election year is no time to pull back.

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