How many jobs were created and saved by the Recovery Act? (regular, Brown)
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It depends on who you listen to about this. It seems that Valerie Jarrett thinks it is thousands and thousands. Robert Gibbs says it is 1.5 million and The Man, himself says 2 million.
They all got together this weekend and decided to be a bit more aggressive in their talk and these three widely disparate numbers came out of them on Saturday and Sunday. You can hear all of them saying those numbers on Fox whether anyone else has those videos or not.
Think about how those aggressive progressives manage to fail to get together with their numbers. What is going on?
They are all using the same data, Roy...the ones from the second quarter ARRA Report published on January 13. I guess you missed it...
You say they are using the same numbers and they speak out the distances apart they did? Valerie didn't even have the guts to go to million and stopped at thousands and thousands.
Why have we lost so many jobs since the act was passed? I just can't figure that at all. And they make it worse by spouting all those different numbers. I guess we need to get Biden to speak out.
Jeez!!! These numbers are typically estimated in one of two ways -- projections and models. These are run by various public and private sector analysis shops. CEA runs two. CBO runs two. The Fed runs several, but they don't publish regularly, and outfits such as Moody's, IHS Global Insight, Goldman-Sachs, Macroeconomic Advisers, and so on also do such analyses. When all oif these run in the same ballpark, you've got a pretty good idea that the analyses are on track. The two CEA estimates as of Dec 31 were 1.8 and 2.1 million jobs present in the economy that would not have been without the stimulus bill. CBO estimates both the lowest possible and highest possible numbers it thinks it could be. Those are 0.8 million and 2.4 million. The three private sector sources participating in the second quarter report run between 1.1 million and 1.6 million. So what number would you use?
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