Quote:
Originally Posted by PaulS
saved the auto industry - didn't it?
Then why didn't the Repubs. make some substantive suggestions?
And you're still worried about a joke Obama made 10 years ago. - Post up what he said bc it wasn't that it didn't work.
How Well It Succeeded
In a 2009 report, the CBO projected ARRA would stimulate gross domestic product by 1.4% to 3.8% for the fourth quarter in 2009.[7] The stimulus was successful in 2009 GDP. The economy grew 1.7% in the third quarter and 3.8% in the fourth quarter. That's a big improvement over the first quarter's 6.7% drop and the second quarter's 0.7% decline.[8]
In 2009, the CBO predicted that ARRA would increase employment by 7 million full-time jobs by the end of 2012.[9] By 2010, the CBO said that ARRA's policies increased the number of full-time-equivalent jobs by 2 million to 4.8 million.[10
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the earlier bailouts saved the auto industry.
obama promised his stimulus would
keep unemployment below 8% (maybe he promised it would stay below 6%, can’t remember?). . after it passed, unemployment went over 10%.
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