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Author Topic: CBO: 600,000 to 1.6 Million Employed by Stimulus  (Read 1056 times)
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The Stink Eye is Watching You, Barry

« on: December 01, 2009, 11:42:31 AM »

using what sort of "evidence about how previous similar policies have affected the economy"?  and what is the difference between a "sustained" job and a "saved" job, and how on earth would you prove either one?

it's interesting that before the stimulus, CBO estimated that it would result in between 600,000 and 1.5 million more jobs that would have otherwise existed, and then proceeded to prove itself right.  I don't guess anyone expected the CBO to prove itself WRONG, did they?

CBO: 600,000 to 1.6 Million Employed by Stimulus
The Congressional Budget Office late Monday said it estimates that the federal stimulus package sustained between 600,000 and 1.6 million jobs in the third quarter, and raised gross domestic product by 1.2 to 3.2 percentage points higher than it would have been without the program.

The CBO said the figures were estimates made "using evidence about how previous similar policies have affected the economy and various mathematical models that represent the workings of the economy."


"Dumb people elect dumb people." -- Natstew
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