A new report out Monday from Moody’s Analytics economist Mark Zandi estimates that the House-passed seven-month spending bill, which cuts $61 billion in spending, would cost 700,000 jobs by the end of 2012.
He predicts that this year the bill could cost 400,000 jobs and run the risk of a new recession.
Not mentioned in the article? The quoted Economist is a heavy Democrat donor, (although he did support McCain in 2008).
In fairness to The Hill, they did mention that he backed Obama’s Stimulus plan in 2009, so there is at least a hint about his political leanings.