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CBO: Stimulus bill created up to 2.1 million jobs
AP on Yahoo ^ | 2/23/10 | Andrew Taylor - ap

Posted on 02/23/2010 1:12:28 PM PST by NormsRevenge

WASHINGTON – The economic stimulus law added between 1 million to 2.1 million workers to employment rolls by the end of last year, a new report released Tuesday by congressional economists said.

The nonpartisan Congressional Budget Office study also said the $862 billion stimulus added between 1.5 to 3.5 percentage points to the growth of the economy in 2009. The controversial stimulus law combined tax breaks for individuals and businesses with lots of government spending.

The report reflects agreement among economists that the measure boosted the economy. But the wide range of estimates means it won't resolve the debate over how effective the stimulus has been.

The White House says the stimulus bill has created 2 million jobs and will add another 1.5 million this year as economic recovery continues to take hold.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Front Page News; Government; Politics/Elections
KEYWORDS: cbo; created; jobs; stimulus
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1 posted on 02/23/2010 1:12:28 PM PST by NormsRevenge
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To: NormsRevenge

Shit...I hate it when I spit coffee out on the keyboard...


2 posted on 02/23/2010 1:13:49 PM PST by jessduntno (Don't vote party or candidate; VOTE REPUBLIC!)
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To: NormsRevenge

Yeah, but how many of those jobs are in the private sector. I would guess slim to none.


3 posted on 02/23/2010 1:14:26 PM PST by BradtotheBone (Moderate Democrat - A politician whose voting record leans left and whose vote can be bought.)
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To: NormsRevenge

Economists are officially magicians.

There is no measure for this! They’re making it up!


4 posted on 02/23/2010 1:14:57 PM PST by Tublecane
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To: NormsRevenge

I’d like to see a list of just a few of the jobs created.


5 posted on 02/23/2010 1:15:59 PM PST by tractorman
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To: NormsRevenge
I'm sorry, there are PARASITIC WORMS SQUIGGLING THROUGH THE BULL$H!t YOU'RE TRYING TO FEED ME CBO!

Is there ANYONE outside of a few DailyKooks idiots that actually believes this???????

Photobucket
6 posted on 02/23/2010 1:16:08 PM PST by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: Tublecane

they have ALWAYS made it up...


7 posted on 02/23/2010 1:16:17 PM PST by Cacique (quos Deus vult perdere, prius dementat ( Islamia Delenda Est ))
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To: NormsRevenge

2.1 million government jobs.

GDP=
Government
Domestic
Product.


8 posted on 02/23/2010 1:17:00 PM PST by Jack Hydrazine
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To: jessduntno

So these are like what, $4 billion per job then?
Good work, if you can find it I suppose.


9 posted on 02/23/2010 1:17:01 PM PST by dk88 (Keep your laws off my body)
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To: NormsRevenge
nonpartisan Congressional Budget Office ?

They must think we're real idiots...

10 posted on 02/23/2010 1:17:12 PM PST by Cacique (quos Deus vult perdere, prius dementat ( Islamia Delenda Est ))
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To: NormsRevenge

I’d love to see the supporting data for those claims.


11 posted on 02/23/2010 1:17:37 PM PST by The Sons of Liberty (When 0bama Fails, Freedom Prevails - FUBO! Mene, Mene, Tekel, Upharsin)
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To: NormsRevenge

Put out the list - lets see names/job titles.


12 posted on 02/23/2010 1:17:41 PM PST by BookmanTheJanitor
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To: Cacique

“They must think we’re real idiots...”

If it’s not partisan, still it’s certainly not neutral. it’s a shill for Big Government. Should environmentalists start basing policy suggestions on press releases from the Oil Industry?


13 posted on 02/23/2010 1:19:50 PM PST by Tublecane
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To: dk88

“So these are like what, $4 billion per job then? Good work, if you can find it I suppose.”

Wonder if I could get one part time, an hour a week?


14 posted on 02/23/2010 1:20:10 PM PST by jessduntno (Don't vote party or candidate; VOTE REPUBLIC!)
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To: BookmanTheJanitor

And whether they were public or private sector, permanent or temporary.


15 posted on 02/23/2010 1:20:14 PM PST by Hoffer Rand (There ARE two Americas: "God's children" and the tax payers)
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To: NormsRevenge

$410,476 = 2.1 million workers employed by spending $862 billion. High paying jobs? Not likely.


16 posted on 02/23/2010 1:20:50 PM PST by Ingtar (I closed my eyes, only for a moment, and the moment's gone...)
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To: NormsRevenge

Are they using that fifty-jobs-from-purchase-of-one-lawn-tractor calculation as well??


17 posted on 02/23/2010 1:20:56 PM PST by MozarkDawg
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To: NormsRevenge

Let’s increase the stimulus package 8 times and put all Americans back to work.


18 posted on 02/23/2010 1:21:47 PM PST by kabar
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To: NormsRevenge

Jobs created in D.C.


19 posted on 02/23/2010 1:21:48 PM PST by Carley
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To: NormsRevenge

862,000,000,000 / 2,100,000 = 410,476.19
862,000,000,000 / 3,600,000 = 239,444.44

If $862,000,000,000 can’t create at least 40 million jobs it’s a waste. What’s this 2/3/4 million crap?


20 posted on 02/23/2010 1:21:56 PM PST by lowtaxsmallgov (This Administration has absolutely no idea how to grow an economy)
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