Economists: Stimulus Has Saved/Created 1.2 Million Jobs
Here are two coinciding stories that indicate just how far removed public opinion is from economic reality. (1) The Democrats’ $787 billion economic stimulus
Jul 31, 202012.3K Shares651.1K Views
Here are two coinciding stories that indicate just how far removed public opinion is from economic reality. (1) The Democrats’ $787 billion economic stimulus bill has saved or created 1.2 million jobs, USA Today reportedtoday, a median figure based on a survey of 50 leading economists. And (2) 74 percent of Americans think that at least half of the stimulus money has been wasted, according to a new CNN poll.
To some degree the divide makes sense. While the stimulus has prevented unemployment rates from hitting 10.8 percent, the economists estimate, that means little to the 10 percent who are still without a job. And while economists agree that the stimulus prevented things from getting worse, even fans concede that the Democrats frittered some of the spending on provisions with no stimulative effects at all.
Still, 1.2 million jobs isn’t a trivial number, and Republicans — hoping to campaign this year on the bill’s allegedly failure — might want to keep that in mind.
Hajra Shannon
Reviewer
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