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Washington Post: CBO report says stimulus bill added at least 1 million jobs and 1.5 percent growth

Feb. 24, 2010 | 8:52 am No comments

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

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. The controversial stimulus law combined tax breaks for individuals and businesses with lots of government spending.

The report reflects agreement among economists that the measure boosted the economy. But the wide range of estimates means it won’t resolve the debate over how effective the stimulus has been.

Go to the Washington Post to see the entire article.

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