CBO: Stimulus bill created up to 2.1 million jobs

AP on Yahoo ^ | 2/23/10 | Andrew Taylor - ap

[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.

[MozarkDawg]

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

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

[Grumpybutt]

Somebody’s smoking crack again.

[kidd]

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.

[SkyDancer]

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

[Red Badger]

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

[PSYCHO-FREEP]

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.

[ez]

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.

[gathersnomoss]

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

[dcgst4]

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!

[TruthHound]

“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!

[GalaxieFiveHundred]

Hmm, wonder where all those jobs got created...

[Baladas]

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

[Cuchulain]

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

[Nonstatist]

Tell the 4 million newly unemployed.

[Bean Counter]

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...

[w1andsodidwe]

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.

[kcvl]

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

[tobyhill]

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?

[stephenjohnbanker]

LOL!

[2ndDivisionVet]

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