Five myths about Obama’s stimulus

Five myths about Obama’s stimulus – The Washington Post

Mythbusters, read on and find out the facts on the 2009 Obama stimulus package:

Top economic forecasters estimate that the stimulus produced about 2.5 million jobs and added between 2.1 percent and 3.8 percent to our gross domestic product

. The jobs numbers that spring, while grim, marked the biggest quarterly improvement in almost 30 years. The Recovery Act launched a weak recovery, but even a w
eak recovery beats a depression.

“Critics may call it “porkulus,” but the stimulus was also the first modern spending bill with no official legislative earmarks, the usual definition of “pork.” And after experts warned that 5 to 7 percent of the money could be lost to fraud, investigators documented only $7.2 million in losses through 2011, about 0.001 percent.”


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