CBO: Stimulus bill added more than 3 million jobs
As bad as the American economy is, it would have been much worse were it not for the stimulus bill that Republicans have so dishonestly disparaged.
Don’t just take my word for it. An independent study PROVES THE POINT:
The economy would have been in much worse shape without the 2009 stimulus — which increased employment in the third quarter of this year by as many as 3.3 million full-time jobs, according to a report by the Congressional Budget Office.
Republican lawmakers and presidential candidates have blasted the $800 billion pumped into the economy through the American Recovery and Reinvestment Act as a waste of taxpayer dollars that failed to put people back to work.
The nonpartisan CBO figures offer a more nuanced picture of how government spending impacted an economy still coping with unemployment above 9 percent. It provides an alternative glimpse of an economy with even higher unemployment and drastically lower growth.