Tuesday, December 01, 2009

The Stimulus Is Working

Imagine what a $1 trillion stimulus would have done? Listening to the corporate-back Republicans did no help for "real Americans".
"Between 600,000 and 1.6 million jobs were created or saved through September as a result of the American Recovery and Reinvestment Act, according to a Congressional Budget Office report.

The data, released Monday, say the real inflation-adjusted gross domestic product was 1.2 percent to 3.2 percent higher than it would have been had the $787 billion stimulus package not passed in February. Also, the stimulus lowered the unemployment by between 0.3 and 0.9 percentage points, according to the report."
As the MSM is camped out Tiger's mansion, hopefully someone will pick up on this good news. And this is all done with only a fraction of the stimulus money doled out so far.

Maybe that new Jobs Bill they have been talking about is in order: spending equals growth equals jobs equals recovery.

Source: Politico

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