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Article Source: TheHill.comThe Congressional Budget Office said Wednesday that President Obama’s 2009 stimulus package continues to have a significant effect.
The bill raised fourth-quarter 2011 gross domestic product by as much as 1.5 percent, it states, and lowered the unemployment rate by as much as 1.1 percentage points.
The package reduced the rolls of the jobless by up to 2 million people in the last three months of 2011.
The CBO analysis is very similar to the last stimulus report it produced in November. It continues to predict that in 2012, the stimulus will increase the number of people employed by up to 1.1 million.
#1 - Wed Feb 22, 2012 7:16 PM ESTGetting America back to work is the best way to improve the economy, and reduce the deficit. Growth, not austerity is the ticket. I have no problem with waste removal. That said, cutting social programming that it needed for those who cannot work is not the answer. Restoration of the middle class by good stable job creation is what will pull us up out of the ditch here.
#2 - Wed Feb 22, 2012 7:48 PM ESTYou're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
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