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Wednesday, July 14, 2010

As opposed to losing 750,000 jobs per month when Bush left office

From today:

A quarterly Council of Economic Advisers report estimated that the administration’s $862 billion economic recovery package put from 2.5 million to 3.6 million people to work. And for every $1 the government puts into Recovery Act programs, the private sector is investing $3, according to the report.

The number of created or saved jobs is an increase from a council estimate from the first quarter of the year of 2.2 million to 2.8 million. The new report puts the country on track to reach 3.5 million jobs by the end of 2010.

Republicans, however, were quick to point out that the national unemployment rate was 9.5 percent in June, despite spending programs.

Maybe the R's are still counting on the Kansas strategy of preferring that people stay jobless, hoping they're then more likely to vote for them.

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