Home > Fande = Fact & Evidence, The Economy > The Proof is in the Pudding

The Proof is in the Pudding

Here’s the pudding…

The benefits of the American Recovery and Reinvestment Act, according to the United States Congressional Budget Office:

“CBO estimates that ARRA’s policies had the following effects in the second quarter of calendar year 2010:

-They raised real (inflation-adjusted) gross domestic product (GDP) by between 1.7 percent and 4.5 percent,

– Lowered the unemployment rate by between 0.7 percentage points and 1.8 percentage points,

-Increased the number of people employed by between 1.4 million and 3.3 million, and

-Increased the number of full-time-equivalent jobs by 2.0 million to 4.8 million compared with what would have occurred otherwise”

source: http://www.cbo.gov/ftpdocs/117xx/doc11706/08-24-ARRA.pdf

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