The Lies Have It

The CBO has a report out on the stimulus (ARRA) program.  It’s pretty good news!

CBO estimates that in the first quarter of calendar year 2010, ARRA’s policies:

  • Raised the level of real (inflation-adjusted) gross domestic product (GDP) by between 1.7 percent and 4.2 percent,
  • Lowered the unemployment rate by between 0.7 percentage points and 1.5 percentage points,
  • Increased the number of people employed by between 1.2 million and 2.8 million, and

So, reality is working out well.  How are things in the fight for hearts and minds?  Unfortunately, not so great.

The majority of Americans (62%) believe that the nearly $800 billion economic stimulus package, passed by Congress and signed by the president a little over a year ago, has not helped the job situation. Just a third (33%) say the package has made a positive impact.

  • Increased the number of full-time-equivalent (FTE) jobs by 1.8 million to 4.1 million compared with what those amounts would have been otherwise. (Increases in FTE jobs include shifts from part-time to full-time work or overtime and are thus generally larger than increases in the number of employed workers.)
  • Advertisements
    This entry was posted in Uncategorized. Bookmark the permalink.

    One Response to The Lies Have It

    1. Alan Scott says:

      That is very interesting . Like millions of saved and created jobs. Can’t be proven or disproven and is therefore invalid.

    Leave a Reply

    Fill in your details below or click an icon to log in:

    WordPress.com Logo

    You are commenting using your WordPress.com account. Log Out / Change )

    Twitter picture

    You are commenting using your Twitter account. Log Out / Change )

    Facebook photo

    You are commenting using your Facebook account. Log Out / Change )

    Google+ photo

    You are commenting using your Google+ account. Log Out / Change )

    Connecting to %s