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Labor Day 2011 News: The Recovery Act is still creating and saving jobs.

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ClarkUSA Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-04-11 03:27 PM
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Labor Day 2011 News: The Recovery Act is still creating and saving jobs.
Edited on Sun Sep-04-11 03:44 PM by ClarkUSA


CBOs Estimates of ARRAs Impact on Employment and Economic Output for the Second Quarter of 2011


As required by law, CBO prepares regular reports on its estimate of the number of jobs created by the American Recovery and Reinvestment Act of 2009 (ARRA), which is often referred to as the economic stimulus package.

CBOs Estimates of ARRAs Impact on Employment and Economic Output


CBO estimates that ARRAs policies had the following effects in the second quarter of calendar year 2011 compared with what would have occurred otherwise:

They raised real (inflation-adjusted) gross domestic product by between 0.8 percent and 2.5 percent,
Lowered the unemployment rate by between 0.5 percentage points and 1.6 percentage points,
Increased the number of people employed by between 1.0 million and 2.9 million, and
Increased the number of full-time-equivalent (FTE) jobs by 1.4 million to 4.0 million compared with what would have occurred 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).

Source: http://www.cbo.gov/doc.cfm?index=12385


Hat Tip to Pro President Obama Blog for checking out the facts: http://propresobama.org/2011/08/30/pres-obamas-2009-sti...
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CakeGrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-04-11 03:52 PM
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1. Rec'd to zero so far.
Good news for the President? BAAAAD news on DU.

:crazy:
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Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-04-11 03:54 PM
Response to Original message
2. K and R and up to one..
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