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March 17, 2010
By Ron Bonjean, Thomas Jefferson Street blog
What are the top three priorities of any Democratic or Republican White House if they are faced with skyrocketing unemployment and billions of dollars spent on extended unemployment benefits? The answer of course is creating the right economic conditions to grow jobs, jobs, and more jobs. But the Democratic leadership believes in a very different course of action. Their solution is to spend most of their time on attempting to pass a $1 trillion healthcare bill and claim that it will create more jobs.
Speaker Pelosi says a report by the Center for American Progress estimates that the Democrats’ healthcare bill would create 250,000 to 400,000 jobs per year over 10 years. However, a new study released by Americans for Tax Reform reports the exact opposite will happen. Using the center’s own methodology, it finds that the healthcare bill proposed by Democrats would destroy a total of 120,000 to 700,000 jobs by 2019. And the Heritage Foundation recently released its own analysis that the healthcare bill will lead to an estimated 690,000 lost job opportunities per year.