ScreamingEagle
Gold Member
- Jul 5, 2004
- 13,399
- 1,707
Obama's big stimulus PEAKED during the "Summer of Recovery".........
Does anybody question that it's time for the Republicans to take over....?
Does anybody question that it's time for the Republicans to take over....?
11-24-10
ABC News' Ann Compton reports
The Congressional Budget Office has weighed in on the effects of the governments stimulus spending this past summer and concludes that the Recovery Act raised the GDP, lowered unemployment, and increased the number of people with jobs, but the range of numbers is very, very broad.
The CBO also suggests the major effects of the stimulus peaked during what the administration once called the Summer of Recovery, are diminishing, and will wane gradually during these final months of 2010.
Price tag: CBO says the original price tag of $787 Billion is actually going to be higher for the 10 year period: $814 Billion spent into the economy 2009-2019.
CBO: Effects of the Stimulus Spending Are Now 'Diminishing' - Political Punch