The Hustle

The Associated Press (AP) previously reported that President Obama's American Jobs Act (AJA), or Stimulus lite, would not yield quick job growth if adopted.

Now the AP notes, it won't last.

"Beginning in 2013, and certainly into 2014, the plan is a drag on the economy because the stimulus starts fading away. So by 2015, the economy is in the same place as now, as if there were no jobs package."

In addition, the rosy scenario of adding as many as 1.9 million jobs, and bring the unemployment rate down by a full percentage point was based on an assumption that "the president's entire package is passed by the end of the year" and also "assumed that it would be paid for".

Which the AP had earlier disputed (Obama's jobs plan paid for? Seems not)

Plus, the forecast does not leave any room for a new recession. If that happens, all bets are off.

Do It, Do The Hustle and the scientific community is united in that fact.