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Politics : President Barack Obama
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To: Neil H who wrote (95979)7/4/2011 9:14:55 AM
From: cirrus  Read Replies (2) of 149317
 
Virtually every competent economist at the time agreed that the stimulus was necessary to stem what was essentially an economic free fall. Now that the economy has stabilized the Monday morning quarterbacks are saying "it wasn't that bad." Baloney. Look at the Dow back then and now.

The analysis indicates that the Recovery Act has raised the level of GDP substantially relative to what it otherwise would have been and has saved or created between 2.4 and 3.6 million jobs as of the first quarter of 2011.

CEA estimates that as of the first quarter of 2011, the ARRA has raised employment
relative to what it otherwise would have been by between 2.4 and 3.6 million.
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