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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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To: Cacique
>> nonpartisan Congressional Budget Office ? They must think we're real idiots... <<

That doesn't necessarily mean nonpolitical, now does it??

21 posted on 02/23/2010 1:22:54 PM PST by MozarkDawg
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To: NormsRevenge

Somebody’s smoking crack again.


22 posted on 02/23/2010 1:23:12 PM PST by Grumpybutt (Grumpybutt Son #3 on the ground in Afghanistan with the 101st Airborne - Pray for our troops!!!!)
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To: NormsRevenge

I heard that the stimulus bill cured cancer, initiated contact with an alien world on Alpha Centauri and found a new way to make a real tasty hamburger as well.


23 posted on 02/23/2010 1:23:59 PM PST by kidd (Obama: The triumph of hope over evidence)
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To: NormsRevenge

Doing exactly what, for how long, where? ...


24 posted on 02/23/2010 1:24:59 PM PST by SkyDancer (If you don't read the newspaper you are uninformed, if you do read the newspaper you are misinformed)
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To: NormsRevenge

I guess this is where they got their numbers from..............

25 posted on 02/23/2010 1:26:08 PM PST by Red Badger (Education makes people easy to lead, difficult to drive; easy to govern, but impossible to enslave.)
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To: NormsRevenge
15 million people have lost their jobs since MaObama took office, but somehow we are supposed to believe that they “created” between 1 to 2.1 million jobs.

For every job they “created”, 7.5 regular jobs were lost. And no comparison or reality check is ever considered. They just throw blank, mindless statistics and B.S. at us as if we think that what they doing is significant.

All the lies and propaganda in the Universe will not stop the coming disaster. It will be interesting to hear their newest spin or reasons for it though. The latest is, It's Bush's fault. I'm sure they will stick with that one again.

26 posted on 02/23/2010 1:27:31 PM PST by PSYCHO-FREEP ( Give me Liberty, or give me an M-24A2!)
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To: PSYCHO-FREEP

So without borrowing on the backs of America children, the Democrat Congress and Obama’s policies would have actually lost 17 million jobs instead of 15 million.


27 posted on 02/23/2010 1:31:37 PM PST by ez ("Abashed the Devil stood and felt how awful goodness is..." - Milton)
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To: ez

The CBO should be nuked. That could save a job or two.


28 posted on 02/23/2010 1:34:27 PM PST by gathersnomoss (General George Patton had it right.)
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To: The Sons of Liberty

Here watch, I’m going to create 10 jobs:
Job, Job, Job, Job, Job, Job, Job, Job, Job, Job

Nothing to it if you know how to operate like a fed!


29 posted on 02/23/2010 1:39:19 PM PST by dcgst4
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To: lowtaxsmallgov

“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?”

True cost of the stimulus = $3.27 TRILLION!:
http://blog.heritage.org/2009/02/12/true-cost-of-stimulus-327-trillion/

So even if we take them at their word,

3,270,000,000,000 / 2,100,000 = $1,557,142 per job

Wheeeeeeeeeee!


30 posted on 02/23/2010 1:42:03 PM PST by TruthHound ("He who does not punish evil commands it to be done." --Leonardo da Vinci)
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To: NormsRevenge
Hmm, wonder where all those jobs got created...


31 posted on 02/23/2010 1:50:21 PM PST by GalaxieFiveHundred
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To: NormsRevenge

Spin . . . the key phrase is “up to”, as in “there’s up to four billion dollars in my checking account”.


32 posted on 02/23/2010 2:01:46 PM PST by Baladas ((ABBHO))
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To: kidd

I also heard that Obama performed a miracle. He cured a ham.


33 posted on 02/23/2010 2:04:17 PM PST by Cuchulain ("...never treat with the enemy; never surrender to his mercy, but fight to the finish.")
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To: NormsRevenge

Tell the 4 million newly unemployed.


34 posted on 02/23/2010 2:05:39 PM PST by Nonstatist
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To: NormsRevenge

Great news, huh? Instead of only 20 million unemployed, we could be talking about 22.1 million unemployed.

Reminds me of George C. Scott in Dr. Strangelove...

“Mr. President, we are rapidly approaching a moment of truth both for ourselves as human beings and for the life of our nation. Now, truth is not always a pleasant thing. But it is necessary now to make a choice, to choose between two admittedly regrettable, but nevertheless *distinguishable*, postwar environments: one where you got twenty million people killed, and the other where you got a hundred and fifty million people killed.”

I feel so relieved...


35 posted on 02/23/2010 2:09:44 PM PST by Bean Counter (I keeps mah feathers numbered, for just such an emergency...)
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To: NormsRevenge
Well this great news must make all the unemployed feel so much better. I guess this means that we actually lost more jobs than reported and these made up jobs are helping to fill the gap.

Statistic are wonderful things, aren't they.

36 posted on 02/23/2010 2:12:52 PM PST by w1andsodidwe (How can you tell when the President is lying? When his lips move, of course.)
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To: NormsRevenge
The economic stimulus law added between 1 million to 2.1 million workers to GOVERNMENT employment rolls by the end of last year, a new report released Tuesday by congressional economists said.

1.1 million is a huge difference between those two numbers. If that's how close they get on guessing no wonder the country is BROKE!

And let's drop the 'nonpartisan' crap. These people met with Obama at the White House more than a few times.

******

GOP Leaders Question Obama’s Meeting with CBO Director

Read about it here

37 posted on 02/23/2010 2:14:45 PM PST by kcvl
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To: NormsRevenge

I’d love to ask the CBO how unemployment goes from 7.6% when Bush left office to currently 9.7% under Obama and somehow jobs were created?


38 posted on 02/23/2010 2:15:06 PM PST by tobyhill
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To: GalaxieFiveHundred

LOL!


39 posted on 02/23/2010 2:16:15 PM PST by stephenjohnbanker (Support our troops, and vote out the RINOS)
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To: NormsRevenge

Yep, at ACORN, the Census, Organizing for America, the Unemployment and Welfare offices...


40 posted on 02/23/2010 2:17:06 PM PST by 2ndDivisionVet (I will raise $2 million for Sarah Palin: What will you do?)
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