Posted on 07/01/2011 2:08:14 PM PDT by Sub-Driver
White House says stimulus boosted employment by as many as 3.6M jobs By Alicia M. Cohn - 07/01/11 03:57 PM ET
A White House report released Friday said the 2009 stimulus bill raised GDP by as much as 3.2 percent in the first quarter of 2011.
The report from the White House Council of Economic Advisers said the stimulus added 2.3 to 3.2 percent to gross domestic product in the first quarter relative to what it otherwise would have been.
The stimulus package also increased employment relative to what it otherwise would have been by between 2.4 and 3.6 million jobs, the report said.
Obama and Republicans have butted heads over the effectiveness of the stimulus, which was estimated to cost $787 billion when enacted.
Republicans, pointing to the latest report that unemployment rose again to 9.1 percent in May, claim it was a waste of money that did nothing to slow the recession. Obama maintains that the economy would be in worse shape without the stimulus.
The report credits the stimulus with positively changing "the trajectory of the economy" starting in the third quarter of 2009 and continuing through the first quarter of 2011.
Why not 10 million jobs...
And I told that pretty girl at the bar last night I have a 220 foot yacht off the coast of Ibiza.
“......by as many as 3.6M jobs ....”
This statement, in and of itself proves they have no idea how many jobs were created (or lost).....
In what country?
Wow! It really DID work!
Barak is still smoking the funny tomato plants i I see
So when the $787 billion runs out, will those 3.6 million people become unemployed? What a deal.
The report credits the stimulus with positively changing “the trajectory of the economy” starting in the third quarter of 2009 and continuing through the first quarter of 2011.
Oooooo, I can see a great political cartoon coming
out of this.
This administration is so screwed and it’s time too,
after screwing us for two years.
Wanna' bet SEIU thugs are propagandized to "do their job, do their part in keeping the union status quo". ... ?? (as a f'rinstance)
And just as unemployment/employment numbers are spun to give a desired result, so too would the "jobs added" data be simularly skewed.
It certainly did....in China, Indonesia, Japan, etc as the multinationals moved overseas.
LIARS!
Even alan greenteeth disagrees. Drudge has the story on his page right now.
LLS
pure Soviet-type propaganda
Wow! What an accomplishment. I did not realize that many federal employees were hired in 2009. I guess that includes the Czars and their staff, the new IRS agents for Obama care and all the new staff for the increase in food stamps.
I call BS.
Around here we call that "Deer Whistle" logic...
Everything is Beautiful! Experts agree!
I doubt that these idiots even believe thier own lies.
That red-headed lady...Liz somebody...said on Neal Cavuto’s show today that most of the jobs Obama was referring to were outsourced overseas!
Has Goolsbee stepped down yet from chairing this propaganda organ?
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