Bartlett: Misrepresentations, Regulations and Jobs

Despite House GOP claims that deregulation will help job creation, there’s little evidence that rolling back clean air and water protections will help put more Americans back to work. Just ask former Reagan economic advisor Bruce Bartlett:

“Republicans have a problem. People are increasingly concerned about unemployment, but Republicans have nothing to offer them.”

“Evidence supporting Mr. Cantor’s contention that deregulation would increase unemployment is very weak… As one can see, the number of layoffs nationwide caused by government regulation is minuscule and shows no evidence of getting worse during the Obama administration.”

“McClatchy Newspapers canvassed small businesses, asking them if regulation was a big problem. It could find no evidence that this was the case.”

“‘None of the business owners complained about regulation in their particular industries, and most seemed to welcome it,’ McClatchy reported.”

“Academic research has also failed to find evidence that regulation is a significant factor in unemployment.”

While there’s no evidence that Republicans’ partisan agenda will help put more Americans back to work, economists have said the American Jobs Act will grow the economy and create jobs:

Goldman Sachs predicted the American Jobs Act would increase GDP by 1.5 percent in 2012.

Mark Zandi, chief economist at Moody’s Analytics, estimated the bill would add 1.9 million jobs next year, and decrease unemployment by a full percentage point.

And Macroeconomic Advisers, LLC said the bill would boost U.S. gross domestic product by 1.3 percent in 2012, giving “a significant boost to GDP and employment over the near term.”