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WASHINGTON (CNN) -- Partisan bickering over President Barack Obama's failed $447 billion jobs plan intensified Wednesday, with Republicans accusing Democrats of political gamesmanship and Democrats charging Republicans with costly obstructionism.
Republicans previously embraced the cut, but have increasingly questioned its economic merit
I wasn't surprised that the bill was defeated for several reasons.
1. If successful it would put another nail in the coffin of supply side economics. The strange belief that the wealthy will build products or create new services if we give them more wealth while ignoring demand. Yet, no successful business man hires new workers or invests into companies if they see no demand for the product or service. It was called voodoo economics by George Bush Sr for a reason.