CBO: Stimulus bill created up to 2.1 million jobs, added betwen 1.5 and 3.5 % to GDP

[jefferson_dem]

CBO: Stimulus bill created up to 2.1 million jobs

By ANDREW TAYLOR
The Associated Press
Tuesday, February 23, 2010; 1:23 PM

WASHINGTON -- A new report by congressional economists says the economic stimulus law produced jobs for 1 million to 2.1 million people by the end of last year.

The nonpartisan Congressional Budget Office study says the $862 billion stimulus added between 1.5 to 3.5 percentage points to the growth of the economy. The controversial stimulus law combined tax breaks for individuals and businesses with lots of government spending.

The report reflects agreement among economists that the measure boosted the economy. But the wide range of estimates means it won't resolve the debate over how effective the stimulus has been.

http://www.washingtonpost.com/wp-dyn/content/article/2010/02/23/AR2010022302675_pf.html

[WCGreen]

1. You confuse me with your words and numbers...

I know for a fact that dang stimulus didn't work...

Rush Beck told me so...

[Dappleganger]

2. K&R for good news. nt

[tridim]

3. Suck on it liar Party.

Deny reality at your own peril.

[Botany]

4. But Eric Cantor said no jobs were created

:rofl:

[Clio the Leo]

6. Pretty soon he'll be saying that it was ALL thanks to his jobs fair...

.... paid for with Recovery Act $$.

[Jennicut]

5. How soon until the CBO is labeled socialist liars?

[JaneQPublic]

7. K&R (nt)