"Recovery Summer"

[spence]

Originally Posted by scottw

When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to stimulate the debt.

I wonder if your author even bothered to read the actual report. You certainly didn't...

http://www.whitehouse.gov/sites/defa...rra_report.pdf

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