Political Quotes

John Spratt: “The Council on Economic Advisors put on their Web page their estimate of what the President's proposal would do and the…”

On the recordJune 9, 2003
The Council on Economic Advisors put on their Web page their estimate of what the President's proposal would do and the methodology they were using. They had a model developed by macroeconomic advisers who were retained by them to give them macroeconomic econometric advice. They gave the methodology of how they estimated their jobs. We took the same methodology and applied it to our proposal and we got, for a fraction of the impact on revenues, twice the impact on jobs. Our program would have created 1 million jobs. Theirs would create around 600,000 or 700,000.
Said by
John Spratt
South Carolina
Source
govinfo.gov

Editor's note · Context

Discussing job creation estimates from different economic proposals.

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