CBO: Up to 3.6 Million People Owe Their Jobs to the Recovery Act

[ProSense]

Center on Budget and Policy Priorities

Michael Leachman

CBO: Up to 3.6 Million People Owe Their Jobs to the Recovery Act

A new Congressional Budget Office analysis finds that the 2009 Recovery Act(ARRA) is continuing to save jobs and protect the economy from what would have been a much deeper recession. As we describe in an updated analysis, in the third quarter of 2010 the Recovery Act:

■ increased the number of people employed by between 1.4 million and 3.6 million,

■ increased real GDP by between 1.4 percent and 4.1 percent (see chart below),





■ boosted the number of “full-time-equivalent” jobs by between 2.0 million and 5.2 million, both by saving jobs and by boosting the number of hours worked. (Without the Recovery Act, many full-time workers would have been reduced to part-time status and fewer would have worked overtime.)

Stimulus works.

[BeyondGeography]

1. The CBO can factorestimate all they want...The American people don't owe anyone anything

They are beautiful and free.

What would be really fun is how many of those 3.6 million went teabag.

[SidDithers]

2. K&R...

good lbls.

Sid

[Pisces]

3. Great post that makes too much sense for this board of naysayers.

[cottonseed]

4. This post does not fit the frame.

But it is good news for millions of people.

[JTFrog]

5. K&R

[Clio the Leo]

6. kickers nt

[FrenchieCat]

7. Since he caved, it doesn't matter whom he helped........

he should have stuck to his guns and lost, and have millions more unemployed....
but then he'd be strong; and that's whats most important; how strong one looks.
Lookit Bush! He was strong! Doesn't matter if he hurt us.....cause he was strong.
That's why that asshole got 8 fucking years, and calls for the primarying of Obama two years in
is now the big craze.

Fuck 3.6 million jobs! That's just not enough to call this thing that he did
an "accomplishment"....especially because, what has he done for ME today? :shrug:



:sarcasm:

[Number23]

8. Why can't shit like this just once -- ONE DAMN TIME - be on the front page of this ****ing web site?

[Rosa Luxemburg]

9. The republicans didn't want us to recover