WASHINGTON (Reuters) – The massive U.S. stimulus package put millions of people to work and boosted national output by hundreds of billions of dollars in the second quarter, the nonpartisan Congressional Budget Office said on Tuesday.
CBO’s latest estimate indicates that the stimulus effort, which remains a political hot potato ahead of the November congressional elections, may have prevented the sluggish U.S. economy from contracting between April and June.
CBO said President Barack Obama’s stimulus boosted real GDP in the quarter by between 1.7 percent and 4.5 percent, adding at least $200 billion in economic activity.
Bad News For Right-Wingers: The Stimulus Added Millions of Jobs in Q2
15 Comments to “Bad News For Right-Wingers: The Stimulus Added Millions of Jobs in Q2”
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I don’t see how that could be bad news for anybody. But I am wondering how many of those jobs will lay off when the stimulus money is spent? Its a circle can’t you see that?
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Right-wingers want the economy to tank so they say Obama’s policies are failing.
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Obama policies are very good. That man is extremely brilliant. The right needs to open their eyes and invest and cooperate. The wind falls are shortening for opportunity.
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I pray the big money people will invest their money into inventions and cures. The government can’t keep doing everything to help the world.
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10, it’s more than just the jobs. Those jobs mean people have money to spend, which means businesses will continue to add jobs. The stimulus has helped stabilize our economy. Jobs numbers are important, but they only tell part of the story.
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k I totally agree with you. Its a baby step to improve the world. If big money does not lend a hand at this small window of opportunity, the cycle will go back instead of forward. Next the government will have to invest in intentions and cures themselves. While this will work its stupid that right and left can’t just cooperate. By the time all this happens the price of one raymen noodle will be ten dollars.
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First, right-wingers like me don’t want the economy to tank. We all have to live through the hell that “the One” has wrought on this economy.
Second, these numbers are so bogus you all trumpeting this report should be embarrassed. Look at the report and you’ll see that these CBO numbers are simply a repeat of their earlier projections. Stupid is as stupid does.
Last, if this report were true, why is it still so bad out here? Somehow this great summer of recovery hasn’t become aware to most people.
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Seriously, Ed.
When Bush left office we were losing jobs at a rate of 750,000 a month. And the disaster was worldwide. We’re in a recovery, yes. Surely numbers will fluctuate up and down some. But overall, how can you possibly say the President has wrought “hell” on us?-
Seriously K,
How can you look at the present situation, The One’s economy (blaming Bush is really a tired tactic), and not see the hell he has wrought?Have you seen the real employment numbers (not the repeated assumptions of the CBO)? Have you seen the housing numbers?
Let’s not forget that Dems have controlled congress since the election of Nov. 2006 and The One has been in office over a year and a half. You all really think that the economy is doing well? Seriously?
Thankfully, it looks like many Dems will get tossed come November, and not a day too soon!
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Oh but I know, It’s Bush’s fault. You folks just keep on saying that and we’ll see if the voters agree in a few months.
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seriously reports give us little to go on. I know this because my mom used to gather information for the government to create the statistics. It only shows what people are willing to admit and disclose. So by and large the blame goes to the people who answer the questions not the government. Honesty is your best policy. Government wants to help is there to help and is good. To work more efficiently there needs to be cooperation and honesty.
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[First, right-wingers like me don’t want the economy to tank.]
I don’t believe you. You’d like to see America attacked again if it would put your cult political party back in power.
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And you left-wingers think we’re nuts…ha!
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Yes. 🙂
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That’s funny, I don’t care who you are.
DRUDGE RETORT 