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11-23-2011, 03:26 AM #1
CBO: Stimulus hurts economy in the long run
His Jobs Bill is another short run until the election.
CBO: Stimulus hurts economy in the long run
November 22, 2011
The Congressional Budget Office on Tuesday downgraded its estimate of the benefits of President Obama’s 2009 stimulus package, saying it may have sustained as few as 700,000 jobs at its peak last year and that over the long run it will actually be a net drag on the economy.
CBO said that while the Recovery Act boosted the economy in the short run, the extra debt that the stimulus piled up “crowds outâ€Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn
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