Obama's Stimulus Salvation: Effect on the Economy


by Anthony Sibley (AJ) on Jul 22, 2013 | Views: 171 | Score: 0
Real GDP Growth (%)Employment Rate Growth (%)Payroll Employment Growth (millions of people)
20080.50.050.12
20095.841.963.45
201013.15.468.4
201115.46.559.82
201215.36.7410.03
Change Attributable to Stimulus Package
Difference in growth stimulus-injected economy versus no-stimulus economy
Sources: economy.com, cbo.gov
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Anthony Sibley (AJ)
Anthony Sibley (AJ) on Jul 22, 2013 7:24 PM said:

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.