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| Permalink View Article Stats (1 comment) Promoted to Headline (H3) on 2/5/12: Did Obama make the economy worse? Not according to most statistics Quicklink submitted by Amanda Lang (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| In fact, most of the economic numbers don't support Romney's claim. For example, the non-partisan Congressional Budget Office found that the economic stimulus Obama signed into law added -- in the 4th quarter of 2009 -- between 1 million and 2 million employed workers and boosted the GDP between 1.5% to 3.5% higher than it would have been without the stimulus. In addition, a more recent CBO study -- for the second quarter of 2011 -- found that the stimulus raised real GDP between 0.8% and 2.5% and lowered the unemployment rate between 0.5 and 1.6 percentage points, compared with what would have occurred without it. And another analysis, by economists Alan Blinder and Mark Zandi, estimated that the stimulus raised 2010 real GDP by 3.4%, held the unemployment rate about 1.5 percentage points lower, and added nearly 2.7 jobs to U.S. payrolls. |
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Let's not forget that...
by John Sanchez Jr. on Monday, Feb 6, 2012 at 7:53:32 AM