President Obama veered off script – and away from the facts – when he spoke about the stimulus bill today in Nashua, NH.
“Now, if you hear some of the critics, they'll say, well, the Recovery Act, I don't know if that's really worked, because we still have high unemployment,” the president said. “But what they fail to understand is that every economist, from the left and the right, has said, because of the Recovery Act, what we've started to see is at least a couple of million jobs that have either been created or would have been lost. The problem is, 7 million jobs were lost during the course of this recession.”
Um, it’s not true that “every economist” has said the Recovery Act has saved or created two million jobs.
What have some of them said?
The chair of his Council of Economic Advisers Christina Romer wrote last month that “The CEA estimates that as of the fourth quarter of 2009, the ARRA has raised employment relative to what it otherwise would have been by 1½ to 2 million.”
In her blog she wrote “approximately 2 million people are employed who otherwise would not be, because of the Act.” READ MORE...
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