CBO: Stimulus saved between 5 to 25 million jobs

[Chris]

President Barack Obama’s 2009 economic stimulus bill which was passed in Congress during the first month of his Administration and which received opposition from all but three Congressional Republicans has thus far resulted in the employment for 5 million or more Americans according to the Congressional Budget Office’s 2011 third quarter ARRA accounting report released on Tuesday.

“The American Recovery and Reinvestment Act” (ARRA) was passed and enacted in February of 2009 and contained approximately $800 billion in stimulus programs, tax cuts and tax incentives to help the economy, which at the time was losing almost one million jobs a month.

In the CBO report, “Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from July 2011 Through September 2011,” a breakdown by year shows that the ARRA created or saved from 5 million to 25.4 million jobs from March 2009 through September 2011, as follows:

2009:a low estimate of .9 million jobs to a high estimate of 3.6 million jobs
2010:a low estimate of 2.6 million jobs to a high estimate of 13.2 million jobs
2011:a low estimate of 1.5 million jobs to a high estimate of 8.6 million jobs

In addition, according to the CBO, the stimulus is expected to help create or save another .3million to 2 million jobs in the fourth quarter of 2011, another .8 million to 4.6 million jobs in 2012.

CBO states Obama economic stimulus created or saved 5 million or more jobs - National liberal | Examiner.com

 

[Stephanie]

good grief. between 5to 25 million..

couldn't they come UP WITH A NUMBER or are we suppose to pick one.

So yeah sure...I believe it, really..

 

[Chris]

good grief. between 5to 25 million..

couldn't they come UP WITH A NUMBER or are we suppose to pick one.

So yeah sure...I believe it, really..

I think it is much closer to the 25 million figure.

The country was headed into a deflationary spiral before the stimulus.

The stimulus saved us from another Great Depression.

 

[rightwinger]

good grief. between 5to 25 million..

couldn't they come UP WITH A NUMBER or are we suppose to pick one.

So yeah sure...I believe it, really..

We could always rely on the official Republican estimate........zero

 

[CrusaderFrank]

The Stimulus kept us in Depression

 

[Stephanie]

The ONLY jobs the stimulus saved...is Guberment and UNION jobs.

he said the piss on the rest of us. But stole our money anyway.

 

[Remodeling Maidiac]

The Stimulus kept us in Depression

Exactly, it just prolonged our pain.

 

[Chris]

The ONLY jobs the stimulus saved...is Guberment and UNION jobs.

he said the piss on the rest of us. But stole our money anyway.

It definitely saved my job.

And I don't work for the government.

You do know that half the stimulus was tax cuts, right?

 

[Trajan]

so we went from 1.4 to 3.3, now they have decided to widen the scope from 5 to..........25 million?


I see that they have given up on CREATED.....now we are down to the obama rah rah saved!!!!!!!!! not 1.4 million, not 3.6...but 25 Million!!!!

you've got be psychotically delusional to buy this crap, seriously.

 

[Trajan]

The ONLY jobs the stimulus saved...is Guberment and UNION jobs.

he said the piss on the rest of us. But stole our money anyway.

It definitely saved my job.

And I don't work for the government.

You do know that half the stimulus was tax cuts, right?

how did it save your job, exactly?

 

[code1211]

The Federal Government has "poofed" away 2 and a half million jobs because they are just gone. This is what keeps the unemployment rate at about 9%.

By reducing the number of jobs thought to be available, the convoluted system to figure the unemployment rate also is reduced. If the number of jobs thought to be available was held at the level it was in 2008, the unemployment rate would be closer to 12.5%.

Any figure from the government is a politically motivated one. Reliance on them is delusional.

That said, where i live, and this could be a seasonal anomaly, the economy seems to be picking up. Many of my customers are hiring, not spectacularly, but with some consistency.

We may have cause for some cautious optimism.

 

[rightwinger]

The ONLY jobs the stimulus saved...is Guberment and UNION jobs.

he said the piss on the rest of us. But stole our money anyway.

It definitely saved my job.

And I don't work for the government.

You do know that half the stimulus was tax cuts, right?

But....but....Obama doesn't cut taxes

 

[Chris]

The ONLY jobs the stimulus saved...is Guberment and UNION jobs.

he said the piss on the rest of us. But stole our money anyway.

It definitely saved my job.

And I don't work for the government.

You do know that half the stimulus was tax cuts, right?

how did it save your job, exactly?

The first time home buyers tax incentive.

It saved the real estate industry.

 

[Stephanie]

The ONLY jobs the stimulus saved...is Guberment and UNION jobs.

he said the piss on the rest of us. But stole our money anyway.

It definitely saved my job.

And I don't work for the government.

You do know that half the stimulus was tax cuts, right?

But....but....Obama doesn't cut taxes

you're right, he doesn't. Unless you are talking about him Kicking and screaming into Extending the BUSH TAX CUTS.

 

[Stephanie]

The ONLY jobs the stimulus saved...is Guberment and UNION jobs.

he said the piss on the rest of us. But stole our money anyway.

It definitely saved my job.

And I don't work for the government.

You do know that half the stimulus was tax cuts, right?

Well good for you........ HAVE YOU THANKED THE TAXPAYERS??

 

[Remodeling Maidiac]

It definitely saved my job.

And I don't work for the government.

You do know that half the stimulus was tax cuts, right?

how did it save your job, exactly?

The first time home buyers tax incentive.

It saved the real estate industry.

LMAO


Crack is bad ummmkay. Put the pipe down.

 

[Chris]

how did it save your job, exactly?

The first time home buyers tax incentive.

It saved the real estate industry.

LMAO


Crack is bad ummmkay. Put the pipe down.

When people fall back on insults, I know I have won the argument.

 

[Chris]

The ONLY jobs the stimulus saved...is Guberment and UNION jobs.

he said the piss on the rest of us. But stole our money anyway.

It definitely saved my job.

And I don't work for the government.

You do know that half the stimulus was tax cuts, right?

Well good for you........ HAVE YOU THANKED THE TAXPAYERS??

I thank the president and the Democrats AND Republicans in Congress who voted for it.

And the Chamber of Commerce for supporting it.

 

[Remodeling Maidiac]

The first time home buyers tax incentive.

It saved the real estate industry.

LMAO


Crack is bad ummmkay. Put the pipe down.

When people fall back on insults, I know I have won the argument.

When you make obsurd arguments you lose.

 

[Stephanie]

The first time home buyers tax incentive.

It saved the real estate industry.

LMAO


Crack is bad ummmkay. Put the pipe down.

When people fall back on insults, I know I have won the argument.

man that Obama supposedly SAVED a lot of shit with OTHER PEOPLES MONIES...what a hero that makes him eh?