Congress Should Pass Obama's Jobs Plan - Piece by Piece

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Obama's Jobs Plan

Tuesday, October 25, 2011

For many Americans, unemployment is at the top of that list. In the face of a double-dip recession and an unprecedented long-term unemployment rate, President Obama unveiled the American Jobs Act before Congress. His plan? Lower the unemployment rate and stimulate the economy with $447 billion in employer tax breaks, jobless reintegration, state aid, and infrastructure projects, to be paid for with taxes on corporations and the wealthy. Will this plan bring a fast, effective boost to the job market, or will higher taxes punish job creators and sink us further into debt?

  • For Passing the Plan

    For

    Cecilia Rouse

    Professor of Economics and Public Affairs, Woodrow Wilson School, Princeton University

  • For Jobs Plan

    For

    Mark Zandi

    Chief Economist of Moody's Analytics

  • Against Jobs Plan

    Against

    Daniel Mitchell

    Senior Fellow at the Cato Institute

  • Against Jobs Plan

    Against

    Richard Epstein

    The Laurence A. Tisch Professor of Law, New York University Law School, and a Senior Lecturer at the University of Chicago

  • Moderator Image

    Moderator

    John Donvan

    Author and correspondent for ABC News.

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Rouse

For The Motion

Cecilia Rouse

Professor of Economics and Public Affairs, Woodrow Wilson School, Princeton University

Cecilia Rouse is the Katzman-Ernst Professor in the Economics of Education and Professor of Economics and Public Affairs at Princeton University. Her primary research interests are in labor economics with a focus on the economics of education. In 1998-99 Rouse served a year in the White House at the National Economic Council and from 2009-2011 served as a member of the President’s Council of Economic Advisers. Rouse has served as an editor of the Journal of Labor Economics and is currently a senior editor of The Future of Children. With a Ph.D. in Economics from Harvard University, she is the founding director of the Princeton University Education Research Section.

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Zandi

For The Motion

Mark Zandi

Chief Economist of Moody's Analytics

As Chief Economist of Moody’s Analytics, Mark Zandi directs the company’s research and consulting activities. Zandi’s recent research has studied the determinants of mortgage foreclosure and personal bankruptcy, analyzed the economic impact of various tax and government spending policies, and assessed the appropriate policy response to bubbles in asset markets. Frequently testifying before Congress, Zandi is a trusted adviser to policy makers on topics including the economic outlook, the merits of fiscal stimulus, financial regulatory reform, and foreclosure mitigation. Zandi received his Ph.D. at the University of Pennsylvania, where he did his research with Gerard Adams and Nobel laureate Lawrence Klein.

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Epstein

Against The Motion

Richard Epstein

The Laurence A. Tisch Professor of Law, New York University Law School, and a Senior Lecturer at the University of Chicago

Richard Epstein is the inaugural Laurence A. Tisch Professor of Law at New York University School of Law, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution, and the James Parker Hall Distinguished Service Professor of Law Emeritus and Senior Lecturer at the University of Chicago. He has been a member of the American Academy of Arts and Sciences since 1985 and has been a senior fellow of the Center for Clinical Medical Ethics at the University of Chicago Medical School since 1983. He has taught courses in contracts, employment discrimination and labor law. His books include Design for Liberty: Private Property, Public Administration and the Rule of Law and The Case Against the Employee Free Choice Act.

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Mitchell

Against The Motion

Daniel Mitchell

Senior Fellow at the Cato Institute

As a senior fellow at the Cato Institute, Daniel Mitchell is a top expert on tax reform and supply-side tax policy, advocating for a flat tax and international tax competition. Prior to joining Cato, Mitchell was a senior fellow with The Heritage Foundation, and an economist for Senator Bob Packwood and the Senate Finance Committee. He also served on the 1988 Bush/Quayle transition team and was Director of Tax and Budget Policy for Citizens for a Sound Economy. Mitchell holds bachelor's and master's degrees in economics from the University of Georgia and a Ph.D. in economics from George Mason University.

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Declared Winner: For The Motion

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