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Credit Stimulus for 650K Jobs: White House

Directly or indirectly, $150B spent has had great effect, report says

By Harry Kimball,  Newser Staff

Posted Oct 30, 2009 11:18 AM CDT
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(Newser) – The economic stimulus package has already created or saved at least 650,000 jobs, the White House said today, even though just $150 billion of the $787 billion has been spent. And the number of jobs is closer to 1 million if it includes positions added indirectly, according to the administration. The tricky numbers come from tens of thousands of reports by funding recipients, including state and local governments and private firms.

“We’re solidly on track to create or save 3.5 million jobs by the time this program winds down,” an administration economist tells CNN. “There's a lot more ammunition in that Recovery Act.” Maryland ’s stats make the claim seem plausible: The state received over $2 billion, has spent just 11% of that, and has gained about 14,000 jobs directly or indirectly. In Massachusetts , that number is 23,500. “Our work is paying off,” says Gov. Deval Patrick.

A road crew. Highway construction has benefited from stimulus funds.
A road crew. Highway construction has benefited from stimulus funds.   (AP Photo)
A California Conservation Corps crew that has hired with stimulus funds.
A California Conservation Corps crew that has hired with stimulus funds.   (AP Photo)
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COMMENTS
Showing 3 of 48 comments
RockyPneumonia
Oct 30, 2009 7:36 AM CDT
I think we should DEFINITELY heed the opinions of people who can barely write a coherent sentence.
hybrid
Oct 30, 2009 7:26 AM CDT
like you said the TWO administrations lied and barack was totally overwelmed and his advisors pushed thier agenda instead of his. I would consider him one of the greats if he admitted that it was a mistake and shut it down....what a statement that would make twords those who ? the change and hope he promised.
hybrid
Oct 30, 2009 7:19 AM CDT
I answered below 1 down from where you ask but no big deal. Yes there is a decrease but that is only be cause its revised when they get thier actual info in not exspected. So if it makes you feel better to say that weekly jobless claim numbers are off by 1.4 % then go ahead, untill we break positive job growth it wont matter.
Politics • Money • US

 
White House • recession • economic stimulus package • job creation • Obama administration • President Obama • economic downturn • federal funding

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