The CBO reports: The Recovery Act created up to 2.1 million jobs in the fourth quarter of 2009

[one...two...tree 2,762]

...report issued by the Congressional Budget Office on Tuesday asserting that in the fourth quarter of 2009 alone, the stimulus created between 1 and 2.1 million jobs.

CBO estimates that in the fourth quarter of calendar year 2009, ARRA added between 1.0 million and 2.1 million to the number of workers employed in the United States, and it increased the number of full-time-equivalent (FTE) jobs by between 1.4 million and 3.0 million. Increases in FTE jobs include shifts from part-time to full-time work or overtime and are thus generally larger than increases in the number of employed workers. CBO also estimates that real (inflation-adjusted) gross domestic product (GDP) was 1.5 percent to 3.5 percent higher in the fourth quarter than would have been the case in the absence of ARRA.

The CBO is as close to nonpartisan as it gets in the federal government and the CBO says the stimulus put people to work and increased economic growth.

The full report is here.

[SMR 368]

In order to count how many jobs were saved or created by the stimulus, you need to evaluate the hypothetical no-stimulus situation. If the CBO has enough clairvoyance to do that, I want to know how come they didn't tell us the economic crisis was coming. That should have been comparatively easy.

[mawilson 2,133]

What a bunch of #######.

[Peikko 1,575]

What a bunch of #######.

[Mr. Big Dog 10,747]

...report issued by the Congressional Budget Office on Tuesday asserting that in the fourth quarter of 2009 alone, the stimulus created between 1 and 2.1 million jobs.

CBO estimates that in the fourth quarter of calendar year 2009, ARRA added between 1.0 million and 2.1 million to the number of workers employed in the United States, and it increased the number of full-time-equivalent (FTE) jobs by between 1.4 million and 3.0 million. Increases in FTE jobs include shifts from part-time to full-time work or overtime and are thus generally larger than increases in the number of employed workers. CBO also estimates that real (inflation-adjusted) gross domestic product (GDP) was 1.5 percent to 3.5 percent higher in the fourth quarter than would have been the case in the absence of ARRA.

The CBO is as close to nonpartisan as it gets in the federal government and the CBO says the stimulus put people to work and increased economic growth.

The full report is here.

[I AM NOT THAT GUY 5,715]

CBO has examined data on output and employment during

the period since ARRA’s enactment. However, those

data are not as helpful in determining ARRA’s economic

effects as might be supposed, because isolating those

effects would require knowing what path the economy

would have taken in the absence of the law. Because that

path cannot be observed, the new data add only limited

information about ARRA’s impact. Economic output and

employment in 2009 were lower than CBO had projected

at the time of enactment. But in CBO’s judgment,

that outcome reflects greater-than-projected weakness in

the underlying economy rather than lower-than-expected

effects of ARRA.

"So, without any real facts to go on, let's just give the leadership what they want, regurgitate the administration's claims, and maybe they will leave us alone."

[Mr. Big Dog 10,747]

"So, without any real facts to go on, let's just give the leadership what they want, regurgitate the administration's claims, and maybe they will leave us alone."

Yes, because that is what the CBO traditionally does. And yet, whoever runs the show relies on them.

[I AM NOT THAT GUY 5,715]

Yes, because that is what the CBO traditionally does. And yet, whoever runs the show relies on them.

The good lines are the best lines. Same seats, just different asses.