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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (534025)	12/3/2009 11:07:23 AM
From: Alighieri	2 Recommendations Read Replies (1) \| Respond to of 1578059

The CBO never said anything remotely like the conclusion that the stimulus worked as planned. Here, read the CBO's own conclusions... Al CBO’s current estimates reflect small revisions to earlier projections of the timing and magnitude of changes to spending and revenues under ARRA. In March 2009, CBO projected that in the third quarter of 2009, U.S. employment would be higher by 600,000 to 1.5 million people with ARRA than it would be without the law, and real GDP would be 1.1 percent to 3.0 percent higher.4 CBO’s current estimates do not reflect any change in the agency’s assessment of the effect that each dollar of spending increase or revenue decrease has on output and employment.