EconWatch.com > CBO finds stimulus boosted economy - The Hill's On The Money

[News] The report gives a small boost to President Obama and Democrats, who pushed the stimulus through Congress with minimal support from Republicans in February 2009. The White House and Democratic leaders have argued that the stimulus was necessary to prevent the economy from slumping into an even deeper recession and possibly a depression after the financial crisis.

Previous [Previous] Beijing's 9 Day Traffic Jam Creates Mini-Economy - PSFK...

Next [Next] Fixing the economy would break the law, thanks to Harriet Harm...

Some related posts from Technorati and Google.

[Political Punch] VP Biden Defends Democrats' Economic Policies - Political Punch: Biden said that despite the high anticipation surrounding the announcement of the GOP’s economic agenda, the plan that Boehner laid out this morning does not declare specific policies that Republicans favor, but rather spells out the party’s opposition to economic policies Democrats have enacted and is merely a list of economic items Republicans believe President Obama should not do.

[REPUBLICAN.GNOM.ES | conservative newswire] House Republican leader, Democrats trade attacks on economy - Los ...: The nonpartisan Congressional Budget Office released a report Tuesday showing that as many as 3.3 million people were employed in 2010 because of the recovery act. But the CBO said the stimulus would cost $814 billion over a decade ”” $27 billion more than projected when the legislation passed Congress.

[RealClearPolitics - Homepage] RealClearPolitics - CBO: Stimulus Package Boosted the Economy: The report gives a small boost to President Obama and Democrats, who pushed the stimulus through Congress with minimal support from Republicans in February 2009. The White House and Democratic leaders have argued that the stimulus was necessary to prevent the economy from slumping into an...

[DEMOCRAT.GNOM.ES | liberal newswire] Boehner to Blast Obama on Economy - New York Times | DEMOCRAT.GNOM.ES: Boehner, who has long been a foe of earmarks and other Congressional spending meant to benefit home-state interests for political purposes, said: “I think we should go through every line item in the budget and ask ourselves if the spending is so important we are going to ask our kids and grandkids to pay for it. And if doesn’t meet that test, then why in the hell are we doing it.”

[The Next Right blogs] Conservatives will have to reconcile the proven, positive impact ...: The higher figure would come close to making good on Obama's pledge that the act would save or create as many as 3.5 million jobs by the end of this year.

[Top News] Djou blames spending, stimulus for lethargic economy in GOP ...: Democrats have defended their track record, arguing the recession was a product of failed Republican policies they've been fighting to overturn. House Majority Leader Steny Hoyer (D-Md.) this week blamed GOP leaders for obstructing Democratic efforts to kick-start hiring, most recently when Senate Republicans blocked a small-business lending bill that had already cleared the House.

[1776 Coalition] Republican leader tells Obama to fire economic team - 1776 Coalition: The exchange, coming on a day of still more mixed economic news, marked a rhetorical escalation as both sides honed their arguments ahead of an election that Republicans hope, and Democrats fear, will turn on the economy and the poor jobs ... But after 19 months under Mr. Obama, they are increasingly giving the new president poor marks on his efforts to correct the course, despite having passed an initial stimulus package last year and an extension of some stimulus ...

[TheBull.com.au] americans blame obama for economy - www.thebull.com.au: Obama's disapproval rating was 52 per cent in Tuesday's poll, overtaking his approval rating for the first time in an Ipsos poll. Only 45 per cent of people said they approved of the president's performance, down from 48 per cent last month.

[Political Animal] The Washington Monthly: The nonpartisan Congressional Budget Office (CBO) estimated in May that as of the first quarter of 2010, the stimulus package "[i]ncreased the number of people employed by between 1.2 million and 2.8 million," and, "[i]ncreased the number of full-time equivalent jobs by 1.8 million to 4.1 million compared with what those amounts would have been otherwise." CBO also estimated that the unemployment rate would be 0.7 percent to 1.5 percent higher today without the stimulus package.

[Liberty Pundits Blog] US House Whip-Up Report, Wed 8/25/10: Hammering the economy ...: A rapidly weakening economy threatens to undermine President Obama's assertion that he has set the nation on a path to prosperity and, with barely two months until congressional midterm elections, Democrats find themselves with few options for reviving the .Republicans have been trying to convince voters that last year's deficit-financed economic stimulus was not effective in reducing unemployment and ending the recession, and this argument may be striking home.

[The Micro Effect] The Micro Effect » Blog Archive » Minority leader Boehner: Fire ...: House Republicans do not plan to unveil a detailed policy agenda until late September, and Boehner’s speech did not expand the GOP’s existing economic proposals in any significant way. The speech was part of a bus tour of battleground House districts, focusing on manufacturing-centric regions such as Indiana, Ohio and western Pennsylvania.

[The Caucus] The Early Word: Mixed Results - The Caucus Blog - NYTimes.com: Results suggest that Democrats ”” without Barack Obama on the ticket ”” face an uphill battle when it comes to motivation.

[CNN Political Ticker] CNN Political Ticker: All politics, all the time Blog Archive ...: (CNN) - The Obama administration stepped up its defense of the controversial $862 billion economic stimulus plan Tuesday, releasing an analysis which concludes that the measure is helping to spark major technological advances in energy production, among other things.

[Liberty Pundits Blog] US House Whip-Up Report, 8/24/10: Obama's Economy Sucks | Liberty ...: But with summer quickly coming to an end, those jobs gains and a robust economic recovery have not yet materialized, leaving Democrats on the verge of a fall election campaign in which Republicans are poised to make them eat their words. “it will injure our economy, slow the recovery, and cost us jobs.” His strategy to cut spending across most categories stands in contrast to Washington's, where everything except defense gets branded as “stimulus” to get more money.

[New Orleans CityBusiness] » Stimulus to cost $27B more than original price tag: The report comes 10 weeks before midterm congressional elections in which Republicans are hammering Democrats and Obama on the economy, saying they’ve pushed runaway spending without creating promised jobs.

[CNN Political Ticker] CNN Political Ticker: All politics, all the time Blog Archive ...: After his election, House Speaker Nancy Pelosi selected Murphy to serve on the Armed Services Committee and the Permanent Select Committee for Intelligence, while also using him as one of the chief spokesmen for the Democrats' efforts to draw down troops in Iraq. But as the general election nears, polls show that national security is taking a back seat to the economy as the most important issues to voters.

[The Olympian Online -- The Politics Blog] Democrats, Republicans can't get stimulus facts straight - The ...: He is political editor at The Olympian and can be reached at 360-753-1688 or bshannon@theolympian.com. Print email.

[Dirk Bradshaw Blog] Obama's Stimulus Plan | Dirk Bradshaw Blog: Now with the 2010 elections a few month away Obama is using the money to bailout union employees and under water mortgages but only in states with high unemployment and only to the unemployed. These states just happens to be democratic states.

Reflected tags on Technorati: Blog, ,