Obama's Stimulus Salvation: Effect on the Economy
by Anthony Sibley (AJ) on Jul 22, 2013 | Views: 323 | Score: 0
| Real GDP Growth (%) | Employment Rate Growth (%) | Payroll Employment Growth (millions of people) | |
|---|---|---|---|
| 2008 | 0.5 | 0.05 | 0.12 |
| 2009 | 5.84 | 1.96 | 3.45 |
| 2010 | 13.1 | 5.46 | 8.4 |
| 2011 | 15.4 | 6.55 | 9.82 |
| 2012 | 15.3 | 6.74 | 10.03 |
Change Attributable to Stimulus Package
Difference in growth stimulus-injected economy versus no-stimulus economy
Sources:
economy.com, cbo.gov
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In March 2009, before it was launched, Q1 GDP was -6.4%, by the end of 2009 it was 5%. The stimulus package, in fact, performed better than expected, saving/creating over 60% of its estimated 10-year job increase just by October 2009. The worst economic fallout since FDR, the Great Recession, ended three months after it passed. Thanks, Mr. President.