Quote:
Originally Posted by spence
I wonder if your author even bothered to read the actual report. You certainly didn't...
he clearly did... "and it chronicles the alleged success of the “stimulus” in adding or saving jobs. The council reports that, using “mainstream estimates of economic multipliers for the effects of fiscal stimulus” (which it describes as a “natural way to estimate the effects of” the legislation)"
Quote:
The analysis indicates that the Recovery Act has played a significant role in the turnaround of the economy that has occurred over the past two years. Real GDP reached its low point in the second quarter of 2009 and has been growing solidly since then, in large part because of the tax cuts and spending increases included in the Act. Employment, after falling dramatically, began to grow again on a sustained basis through 2010. As of the first quarter of 2011, the report estimates that the Recovery Act raised employment by 2.4 to 3.6 million jobs relative to what it otherwise would have been.
-spence
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I'm sure that he laughed at this part....comedy written by drunks?
who are you/they trying to kid Spence? "
employment growing on a sustained basis"....HUH????
GDP growing "solidly"???..."played a significant role in the turn around"????...."raised employment"????
this is so sad and pathetic.....