Economists agree: Stimulus created nearly 3 million jobs - USA Today

[JohnWxy]

http://www.usatoday.com/money/economy/2010-08-30-stimulus30_CV_N.htm?loc=interstitialskip


Amid mounting signs that the economic recovery is faltering, one potential remedy seems out of the question: a booster shot of government spending.

The White House says the multiyear $814 billion stimulus program passed by Congress in 2009 boosted employment by 2.5 million to 3.6 million jobs and raised the nation's annual economic output by almost $400 billion. A recent study by two prominent economists generally agrees, crediting the pump-priming with averting "what could gave been called Great Depression 2.0."

If President Obama expected anyone to say, "Thank you," however, he's been disappointed. In a recent USA TODAY/Gallup Poll, 59% of respondents disapproved of the president's handling of the economy. In the partisan war over the economy's performance, the word "stimulus" has became synonymous with "boondoggle," making the notion of a repeat any time soon highly unlikely — especially if Republicans seize control of one or both houses of Congress in November.


http://www.usatoday.com/money/economy/2010-08-30-business-economists-survey_N.htm">ECONOMIST SURVEY: Backs Fed, growth over deficit reduction

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The Republicans are working with demonic determiniation to kill any recovery, voting against unemployment extension biils and even voting against the bill to provide loans to small businesses (necessary because banks, holding so many bad debts have very high credit requirements now). Republicans have for years been saying they 'feel' for small businesses. Well, unless it gets in the way of their Destroy the Recovery strategy.

We need additional stimulus NOW. The best way to reduce future deficit growth is to prevent the economy from taking longer to build it's way out of this REPUBLICAN DYSOTOPIA. The sooner we get back to healthy growth the sooner we can start working on this REPUBLICAN DEFICIT . A growing economy is the most powerful tool to bring down the REPBLICAN DEFICIT.

[bluestateguy]

1. They have to figure out a way to do it without Congress

They have some smart people in the White House who have the ability to think of an end run around those paper pushing, plodding nincompoops.

"But, but--"

Ah, ah. I don't want to hear it.

[wellst0nev0ter]

2. I Wonder If Simply Giving 3.6 Million People $227,000 Straight Cash

Would produce similar results.

[austin78704]

3. Seems awfully inefficient.

$226k+ per job.

Idiots.

[eridani]

4. The problem is that it doesn't get us out of the job hole--

--created by the 2008 collapse, let alone attack the 8 million job deficit created by Bush in the last decade.