GOP fiscal plan relies on projections from group that predicted Bush boom [View All]

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GOP fiscal plan relies on projections from group that predicted Bush boom

by Jed Lewison



So House Republicans claim their long-term fiscal plan will create millions of new jobs, citing as evidence economic projections from the privately-funded Heritage Foundation that were released as a part of their plan.

In response, Matt Yglesias asked a good question: have Republicans previously used Heritage forecasts to defend their fiscal policy proposals? The answer, he reports, was a resounding yes: Republicans touted Heritage forecasts that the Bush tax cuts would generate an economic boom, boosting employment by roughly 6.5 million jobs.

Of course, despite the Heritage prediction, there wasn't job growth, median income fell, debt levels exploded, and Bush left office with the economy in tatters.

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