Result of the Stimulus


	Result of the Stimulus

mklosinski

11-1-2009 7:58 AM

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tags:

stimulus, jobs

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11-1-2009 11:04 AM

clip-on-tie

stimulus package has created or saved anywhere from 620,000 jobs

620,000 people work for ACORN?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/b9744ebe-d175-4e6e-9331-ffc4c1d3b890/4F56F9D7-37EA-4925-8E1E-AB69054C4420/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.businessweek.com/bwdaily/dnflash/content/oct2009/db20091030_565596.htm" href="http://www.businessweek.com/bwdaily/dnflash/content/oct2009/db20091030_565596.htm" style="font-size: 11px;">www.businessweek.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/bwdaily/dnflash/content/oct2009/db20091030_565596.htm"><P>
To back up its claims, the White House also <A href="http://www.whitehouse.gov/files/documents/recovery/Recipient-Report-on-Jobs.pdf">released a white paper</A> showing that independent economists estimate that the stimulus package has created or saved anywhere from 620,000 to 1.5 million jobs through the third quarter. Those numbers figure in all of the stimulus spending to date as well as secondary employment, which is fair.
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/bwdaily/dnflash/content/oct2009/db20091030_565596.htm"><P>
A million or so jobs sounds good until you remember that U.S. employment has fallen by more than 7 million since the recession began in December 2007. Economists estimate that the economy lost roughly 200,000 more jobs in October alone.
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/bwdaily/dnflash/content/oct2009/db20091030_565596.htm"><P>
On Oct. 29 news reports greeted the <A href="http://www.businessweek.com/bwdaily/dnflash/content/oct2009/db20091029_526302.htm">3.5% estimated growth rate</A> of the economy in the third quarter as evidence that the deep recession was finally over. However, much of that growth came from stimulus programs such as cash for clunkers and the tax credit for first-time home buyers. Without those, President Obama's chief economic adviser, Christina Romer, said on Oct. 29: "Real GDP would have risen little, if at all."
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