Pretty good AP story about how the GOP is basically lying about the effect of their budget cutting, and the stimulus, on job creation (their budget cutting will kill jobs, the stimulus created them). But why did AP use the old CBO study of the stimulus bill and not the newest one that shows a heck of a lot bigger impact of the stimulus on job creation?
The Obama administration's 2009 stimulus plan failed to keep unemployment at levels the White House had predicted. The nonpartisan Congressional Budget Office said in late 2009 the stimulus "lowered the unemployment rate by between 0.3 and 0.9 percentage points and increased the number of people employed by between 600,000 and 1.6 million compared with what those values would have been otherwise."Here's what the new CBO report says, per Reuters:
The massive U.S. stimulus package put up to 3.4 million people to work and boosted GDP by up to 4.6 percent in the first three months of 2010, the nonpartisan Congressional Budget Office said on Tuesday.Slight difference.
Also, kudos to the Dems for really hammering the GOP on the "where are the jobs?" mantra. As the article notes, the Dems have the GOP on the run on this one. It's about time. Good job.
