The CBO estimates the Stimulus
It seems awfully specific, but the CBO makes some guesses as to the impacts of the Stimulus bill.
(PS. The Republicans (Boehner) say it will only generate 3.46 million jobs this year. That's their low end counter argument..... Well, we'd better oppose it then, eh?)
The Congressional Budget Office said the legislation would deliver its largest benefits to the nation's total gross domestic product by the end of this year, with the effect dropping some in 2010 and disappearing altogether by 2013.
The budget office said the bill would have its greatest effect in terms of increasing employment next year, when about 3.6 million jobs could be created. But the report added that the package could have a positive effect on employment for the next five years, perhaps leading to the creation of as many as 11.6 million jobs during that span.
(PS. The Republicans (Boehner) say it will only generate 3.46 million jobs this year. That's their low end counter argument..... Well, we'd better oppose it then, eh?)
posted by mikevotes at
6:20 AM
5 Comments:
But that's been a classic modern Republican justification for obstruction: "The lifeboats will only save 97% of all passengers on the ship, therefore we oppose the implementation of lifeboats." It's bizarre.
By
-epm, at 6:34 AM
It is pretty bizarre.
Couple it with the next post and wonder whether it;ll work.
By
mikevotes, at 6:52 AM
The anti-FDR GOP line is "look unemployment was 25% when FDR took office, in 3 years it was 14%, that's proof that FDR's policies didn't work!".
NPR had a gentleman in an interview that remembered the country under Hoover and FDR. He point blank said the Republicans did nothing and wanted to do nothing to help the little people. Still the same old band of a**holes today.
By
matt, at 7:31 AM
RNC chair Steele made the absurd statement that government has never created a single job. I don't know what percentage of people work for the government, but I'm a public school teacher, and I do. It's one of the most preposterous statements I've ever heard. And Steele ran unsuccessfully for the Senate, trying to snag another nonexistent government job for himself.
By
NYC Educator, at 8:24 AM
Matt, exactly.... and 3.46 million jobs is nothing right now, so we should reject the whole thing.
...
NYC, I saw that. It was absolutely preposterous.
They're going to have to find better legs if they're going to be real opposition.
By
mikevotes, at 10:46 AM
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