Weatherdem's Weblog

Bridging climate science, citizens, and policy

Stimulus Bill Created Up To 2.1 Million Jobs

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So says the non-partisan Congressional Budget Office.

The package boosted the economy by up to 3.5 percent and lowered the unemployment rate by up to 2.1 percent during that period, CBO said.

The stimulus has worked so far.  The Great Recession was worse than any economist that it was or would be prior to its passage.  There is more stimulus money (much more, actually) that has yet to be spent.  About the only problems with it?  It was too small and it included too many b.s. tax breaks that don’t stimulate the economy.  Tax breaks don’t stimulate the economy.  They never have and they never will.  The largest expansion of the U.S. economy didn’t occur after the largest tax breaks in American history – during the Bush regime; they happened when taxes on the rich were higher – during the Clinton years.

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