CBO: Stimulus added up to 3.3M jobs

This is great news. I wonder how the media will try to spin this. The President and his people must do a better job of getting the word out. They must send out a counter message every time a member of the GOP distorts the facts. Make sure that the American people have accurate information.

The economy would have been in much worse shape without the 2009 stimulus —which increased employment in the third quarter of this year by as many as 3.3 million full-time jobs, according to a report by the Congressional Budget Office.

Republican lawmakers and presidential candidates have blasted the $800 billion pumped into the economy through the American Recovery and Reinvestment Act as a waste of taxpayer dollars that failed to put people back to work.

The nonpartisan CBO figures offer a more nuanced picture of how government spending impacted an economy still coping with unemployment above 9 percent. It provides an alternative glimpse of an economy with even higher unemployment and drastically lower growth.

The CBO figures released Tuesday estimate that the stimulus package raised the gross domestic product this past quarter by 0.3 percent-1.9 percent.


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