Estimated Impact of the Stimulus Package on Employment and Economic Output
Democrats do not have to brag about how great things are - obviously the economy could be better - but they can brag about stopping the massive hemorrhaging left by the Republican management of the economy.
CBO’s Estimates of ARRA’s Impact on Employment and Economic Output
Looking at recorded spending to date as well as estimates of the other effects of ARRA on spending and revenues, CBO has estimated the law’s impact on employment and economic output using evidence about the effects of previous similar policies on the economy and using various mathematical models that represent the workings of the economy. On that basis, CBO estimates that in the second 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 4.5 percent,
* Lowered the unemployment rate by between 0.7 percentage points and 1.8 percentage points,
* Increased the number of people employed by between 1.4 million and 3.3 million, and
* Increased the number of full-time-equivalent (FTE) jobs by 2.0 million to 4.8 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.)
Are Sen. David Vitter (R-LA), Gov. Bobby Jindal (R-LA) and Sen. John Barrasso (R-WY) now officially idiots - Dire Prediction That Drilling Moratorium Would Be Worse Than BP Oil Spill ‘Failed To Materialize’
You can tell how wrong and desperate a conservative is by the shrillness of their lies - Right-wing blogger Pamela Geller distorts Rauf lecture to falsely paint him as a terrorist sympathizer http://mediamatters.org/research/201008230063
