CBO: Stimulus saved between 5 to 25 million jobs

Discussion in 'Economy' started by Chris, Nov 24, 2011.

  1. Chris
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    Chris Gold Member

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    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
     
  2. Stephanie
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    Stephanie Diamond Member Supporting Member

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    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..:eusa_whistle:
     
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  3. Chris
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    Chris Gold Member

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    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.
     
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  4. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    We could always rely on the official Republican estimate........zero
     
  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    The Stimulus kept us in Depression
     
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  6. Stephanie
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    Stephanie Diamond Member Supporting Member

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    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.
     
  7. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Exactly, it just prolonged our pain.
     
  8. Chris
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    Chris Gold Member

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    It definitely saved my job.

    And I don't work for the government.

    You do know that half the stimulus was tax cuts, right?
     
  9. Trajan
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    Trajan conscientia mille testes

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    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:lol:.....now we are down to the obama rah rah saved!!!!!!!!! not 1.4 million, not 3.6...but 25 Million!!!!:eusa_pray:

    you've got be psychotically delusional to buy this crap, seriously.
     
    Last edited: Nov 24, 2011
  10. Trajan
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    Trajan conscientia mille testes

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    how did it save your job, exactly?
     

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