White House Credits Stimulus With up to 2M Jobs
Obama highlighting White House report saying up to 2m jobs created or saved by stimulus
By MARK S. SMITH Associated Press Writer
WASHINGTON January 13, 2010 (AP)
The Associated Press
President Barack Obama is trumpeting a new White House estimate that his top economist calls "stunning": His stimulus plan has already created or saved up to 2 million jobs.
The analysis is part of the administration's quarterly report to Congress on the controversial $787 billion package of spending and tax cuts he signed weeks after taking office.
Obama planned to highlight the report Wednesday during a visit to a Lanham, Md., training center for union electricians that specializes in "green" technology.
Republicans have denounced the stimulus plan as an expensive flop, pointing to a national unemployment rate stuck at 10 percent and December figures showing the economy shed 85,000 more jobs.
http://abcnews.go.com/Business/wireStory?id=9547499
They actually still believe their own lies. Do they think most Americans are that stupid that we cannot tell when they are lying to us.
From another rag...
http://www.usatoday.com/money/economy/2009-12-03-obama-jobs_N.htm
Even before Barack Obama took the oath of office, his economic advisers projected that without hundreds of billions of dollars in government spending, the U.S. economy could lose another 3 million to 4 million jobs on top of the 3.1 million lost in 2008.
It turns out they were optimistic. Even with the $787 billion stimulus package that Obama signed in February, more than 4 million jobs have been lost in 2009, the worst year for job losses since World War II. The jobless rate that advisers projected would peak at 8% has topped 10%.
Obama highlighting White House report saying up to 2m jobs created or saved by stimulus
By MARK S. SMITH Associated Press Writer
WASHINGTON January 13, 2010 (AP)
The Associated Press
President Barack Obama is trumpeting a new White House estimate that his top economist calls "stunning": His stimulus plan has already created or saved up to 2 million jobs.
The analysis is part of the administration's quarterly report to Congress on the controversial $787 billion package of spending and tax cuts he signed weeks after taking office.
Obama planned to highlight the report Wednesday during a visit to a Lanham, Md., training center for union electricians that specializes in "green" technology.
Republicans have denounced the stimulus plan as an expensive flop, pointing to a national unemployment rate stuck at 10 percent and December figures showing the economy shed 85,000 more jobs.
http://abcnews.go.com/Business/wireStory?id=9547499
They actually still believe their own lies. Do they think most Americans are that stupid that we cannot tell when they are lying to us.
From another rag...
http://www.usatoday.com/money/economy/2009-12-03-obama-jobs_N.htm
Even before Barack Obama took the oath of office, his economic advisers projected that without hundreds of billions of dollars in government spending, the U.S. economy could lose another 3 million to 4 million jobs on top of the 3.1 million lost in 2008.
It turns out they were optimistic. Even with the $787 billion stimulus package that Obama signed in February, more than 4 million jobs have been lost in 2009, the worst year for job losses since World War II. The jobless rate that advisers projected would peak at 8% has topped 10%.
