Tag: Jobs Bill

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On September 8th, President Barack Obama introduced his plan to create jobs and curb unemployment; The American Jobs Act.

A tough road lies ahead for the American Jobs Act, with Republicans lining up against it and some conservative Democrats publicly expressing concerns. But behind the political chatter there is a bill and whether you like it or not it is important to know what is actually in it.

You’ve got 90 seconds, so please check out this week’s episode. And as always, more information below the fold.

There was some good news from the CBO today:

CBO: Stimulus bill created up to 2.1 million jobs

By ANDREW TAYLOR, The Associated Press – Feb 23, 2010

WASHINGTON — The economic stimulus law added between 1 million to 2.1 million workers to employment rolls by the end of last year, a new report released Tuesday by congressional economists said.

The nonpartisan Congressional Budget Office study also said the $862 billion stimulus added between 1.5 to 3.5 percentage points to the growth of the economy in 2009.

[…]

CBO projects that the stimulus measure to have a greater impact this year, boosting gross domestic product [GDP] by 1.4 to 4 percentage points and lowering the unemployment rate by 0.7 to 1.8 percentage points.

http://www.washingtonpost.com/…

And CBO is projecting even more good news this year, due to the Stimulus Jobs Bill …