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Reuters: Budget office report on first stimulus’ impact on jobs boosts Dems efforts for a second package

Dec. 2, 2009 | 12:49 pm No comments

Reuters reports that congressional Democrats’ push for another U.S. stimulus package were boosted Tuesday by an analysis that found their earlier effort had blunted the impact of the worst economic downturn in 80 years.

As Democrats weighed measures to bring down the nation’s double-digit unemployment rate before the November 2010 congressional elections, they touted a nonpartisan report that showed the $787 billion stimulus package passed in February had kept between 600,000 and 1.6 million people off the unemployment rolls.

That effort, panned as a boondoggle by Republicans, also boosted the nation’s GDP between 1.2 percent and 3.2 percent, the Congressional Budget Office found.

Got to Reuters.com to see the entire article.

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