Economists estimate President Obama's jobs plan could create between 500,000 and 2 million new jobs next year, but most of them would come from infrastructure spending and increased consumer spending made possible by the payroll tax cut for workers. Many employers say only a strong economy—not tax credits—will prompt them to hire new workers. Either way, Obama's plan is toast without bipartisan support—and he faces a rancorous Congress. The Daily Beast's Michael Tomasky does the math to prove the GOP is responsible for Washington's gridlock.
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