CBO:The Stimulus Saved Jobs

 Posted by at 12:01 am  Politics
Aug 312011

With all the criticism of Obama’s performance on the economy, and reaffirming my own dissatisfaction with several facets of it, I have to admit that the American Recovery and Reinvestment Act (ARRA), aka the stimulus,  even grossly watered down by concessions to Republicans trying to prevent recovery, kept us from being far worse off than we would be, had it not been done.  The bikini graph does not lie, and neither does the CBO.


According to a new report from the nonpartisan CBO, the stimulus saved up to 2.9 million jobs:

A new Congressional Budget Office (CBO) report estimates that the American Recovery and Reinvestment Act (ARRA) increased the number of people employed by between 1.0 million and 2.9 million jobs as of June.

Naturally, Rick Perry is therefore against any new stimulus:

Republican presidential hopeful Rick Perry said Monday that no new economic stimulus package is needed to "get America working again," but he declined to give specifics about how his still-unannounced plan to jumpstart the nation’s economy would create jobs. […] "You won’t have stimulus programs under a Perry presidency. You won’t spend all the money."

Inserted from <Daily Kos>

How ironic  it is that Governor Perry has been wallowing in the very stimulus money he condemns, but I do not doubt for a moment that a President Perry would create millions of jobs too… in whatever third world countries are willing to have their people exploited.

America needs to spend on infrastructure, education, R&D, and green energy to stimulate the economy and increase revenue by ending welfare for millionaires, billionaires and corporate criminals.


  13 Responses to “CBO:The Stimulus Saved Jobs”

  1. He wouldn’t pass a stimulus package iif he were Pres, but was perfectly willing to accept millions for Texas to create gov’t jobs.

    There is something very wrong about Rick Perry. Did you know that when Bill Clinton was Pres, Perry wrote to Hillary praising her for her work on health care?

  2. Perry didn’t specify a job plan, because he doesn’t have one. My theory is he figures he’ll just hold a national prayer meeting and some how God will create the jobs.

  3. This is something we progressives who are in the know have known for a very long time. The teabaggers and ultra conservative Republicans, however, will deny it to a man because they are a pack of lying scoundrels. And Rick Perry is the pack leader!

  4. If you’ve always admired Mexico and wanted to live there, vote Perry 2012.

    Actually, there is a 3rd option developing via AmericaElect.org, a nationwide initiative that allows any registered (or intending-to-be-registered) voter identify issues and candidates for an independent party.

    So anyone who is displeased with our likely choices for 2012 now has a possibly realistic option — check it out.

    • It will never fly, Ann. Too much apathy and ignorance.

      • Funny (not ha ha), that’s what a Care2 member was saying to me yesterday — apathy!
        I’ve come to refer to Perry as Scary Perry because a US under Perry scares the crap out of me! Actually, right now a US under any Republican scares the crap out of me!

  5. The only plan Scary Perry has is to jumpstart the income of multi millionaires and billionaires. That doesn’t necessarily mean more min wage jobs, but it definitely means more work for the currently employed so that their effective rate of pay is less than the minimum.

    Tom: “America needs to spend on infrastructure, education, R&D, and green energy to stimulate the economy and increase revenue by ending welfare for millionaires, billionaires and corporate criminals.”
    I so agree!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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