WH: Stimulus ‘Widely Recognized to Have Broken the Back of Recession’ (Carney)

CNS News ^ | 7/16/12 | Terence P. Jeffrey

[Nachum]

(CNSNews.com) - White House Press Secretary Jay Carney said last week that the $831 billion economic stimulus law that President Barack Obama signed on February 17, 2009 is “widely recognized to have broken the back of the recession.”

When President Obama signed the law three and a half years ago, the Congressional Budget Office estimated it would cost $787 billion. Since then, the CBO has revised its estimate, eventually concluding the stimulus cost $831 billion.

In January 2009, the month before Obama signed his stimulus, the national unemployment rate was 7.8 percent, according to the Bureau of Labor Statistics. It has not dropped below 8 percent in any month since then. In February 2009, it hit 8.3 percent. In June 2012, it was 8.2 percent.

In January 2009, there were 12,049,000 unemployed people in the country, meaning there were that many people age 16 and older who wanted a job, had actively sought one in the previous four weeks, but had not been able to find one. In June 2012, there were 12,749,000 unemployed people—or 700,000 more than there were the month before Obama signed the stimulus.

[Myrddin]

The BS fillers "widely recognized", "widely discredited" and "...on so many levels" are a red flag to me. The claim of broad consensus with no supporting evidence is a common tactic. The use of "...on so many levels" is a facade that pretends a deep understanding of a topic that can't be defended on further probing. When I see those devices in use, I call BS.

[rod1]

Good grief. Carney must define “widely” as “spanning almost the entirety of the White House and its grounds.”

[LibLieSlayer]

Heroin in the White House is detroying America.

LLS