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Politics : View from the Center and Left

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To: greenspirit who wrote (105610)	3/6/2009 10:05:52 PM
From: Mary Cluney	of 541731

<<<The CBO has joined critics by releasing a report projecting the "stimulus" will worsen the long-run performance of the economy.>>> The Congressional Budget Office analysis, in a letter dated Feb. 11, 2009, wrote that the package will increase GDP growth in 2009 by 1.4 percent to 3.8 percent and add 2 million to 4 million jobs by 2010. Historically, each new job spurs 100 square feet of net absorption of industrial real estate at the national level. As such, even 2 million new jobs would generate 200 million square feet of net absorption. While the stimulus plan’s job creation results remain to be determined, we are certain that net employment increases would lead to positive net absorption.

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