MaggieMae
Reality bits
- Apr 3, 2009
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Reports from journalists and the Government Accountability Office last month about problems with the data on Recovery.gov cast doubt on the sites claim that more than 640,000 jobs had been created or saved by the Obama administrations American Recovery and Reinvestment Act. Meanwhile Obama upped the ante, putting the figure at more than 1 million. On Nov. 12, for example, in announcing this months jobs summit, he said that the stimulus had created and saved more than a million jobs.
Now some good news for the White House: According to the Congressional Budget Office, the actual number may be more than twice what Recovery.gov says, and as much as 50 percent more than what Obama has been saying. The nonpartisan agency found that:
CBO, Nov. 30: n the third quarter of calendar year 2009, an additional 600,000 to 1.6 million people were employed in the United States, and real (inflation-adjusted) gross domestic product was 1.2 percent to 3.2 percent higher, than would have been the case in the absence of ARRA.
Read ----> Stimulus Jobs, Re-revisited | FactCheck.org
Now some good news for the White House: According to the Congressional Budget Office, the actual number may be more than twice what Recovery.gov says, and as much as 50 percent more than what Obama has been saying. The nonpartisan agency found that:
CBO, Nov. 30: n the third quarter of calendar year 2009, an additional 600,000 to 1.6 million people were employed in the United States, and real (inflation-adjusted) gross domestic product was 1.2 percent to 3.2 percent higher, than would have been the case in the absence of ARRA.
Read ----> Stimulus Jobs, Re-revisited | FactCheck.org