CBO: Obama stimulus still boosting jobs

Discussion in 'Politics' started by rightwinger, Aug 25, 2011.

  1. rightwinger
    Offline

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,218
    Thanks Received:
    19,818
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,311
    Obama's 2009 stimulus is still boosting jobs

    The $825 billion economic stimulus law signed by President Obama in February 2009 is still having a positive impact on the economy some 30 months later, according to the nonpartisan Congressional Budget Office.

    In its latest quarterly report, the agency said the law's combination of aid to states and localities, public works projects, tax cuts and other spending increased the number of people with jobs by 1 million to 2.9 million between April and June of this year.

    It said the law lowered the unemployment rate for that quarter by 0.5 to 1.6 percentage points -- meaning the rate could have been above 10% without the law's stimulative provisions. And it said the law boosted economic growth in that quarter by 0.8% to 2.5%.





    And to think....EVERY Republican voted against the stimulus
     
    • Thank You! Thank You! x 1
    Last edited: Aug 25, 2011
  2. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    The car industry is now one of the few areas in the economy doing well.

    If Obama had not bailed them out where would we be?
     
    • Thank You! Thank You! x 1
  3. Full-Auto
    Offline

    Full-Auto Gold Member

    Joined:
    Jun 13, 2009
    Messages:
    13,555
    Thanks Received:
    1,614
    Trophy Points:
    153
    Ratings:
    +1,615
    we are so accurate in our forecasts we use the variables of million to millions.


    Speaking of accuracy...What is the historical accuracy of the CBO? Anyone?
     
  4. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    Much higher than the republican partys
     
    • Thank You! Thank You! x 1
  5. Truthseeker420
    Offline

    Truthseeker420 Gold Member

    Joined:
    Mar 30, 2011
    Messages:
    10,365
    Thanks Received:
    980
    Trophy Points:
    138
    Location:
    Home of the 2013 BCS National Champion
    Ratings:
    +1,026
    good post!
     
  6. Full-Auto
    Offline

    Full-Auto Gold Member

    Joined:
    Jun 13, 2009
    Messages:
    13,555
    Thanks Received:
    1,614
    Trophy Points:
    153
    Ratings:
    +1,615
    I knew we could count on you to enter with some weak shit.
     
  7. rightwinger
    Offline

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,218
    Thanks Received:
    19,818
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,311
    Just think

    EVERY Republican voted against saving our auto industry
     
  8. LordBrownTrout
    Offline

    LordBrownTrout Gold Member

    Joined:
    Nov 25, 2007
    Messages:
    15,490
    Thanks Received:
    2,962
    Trophy Points:
    280
    Location:
    South Texas
    Ratings:
    +6,352
    You're mining in a thin seam, rw. The jobless was just adjusted upwards a few minutes ago.
     
  9. Cuyo
    Offline

    Cuyo Training a Guineapig army

    Joined:
    Feb 17, 2010
    Messages:
    5,681
    Thanks Received:
    942
    Trophy Points:
    98
    Location:
    Denver, PA
    Ratings:
    +942
    Seemed politically expedient at the time. :dunno:
     
  10. Full-Auto
    Offline

    Full-Auto Gold Member

    Joined:
    Jun 13, 2009
    Messages:
    13,555
    Thanks Received:
    1,614
    Trophy Points:
    153
    Ratings:
    +1,615
    Who started the auto bailouts again?

    But we know who f'ed over the investors
     

Share This Page