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Wednesday, February 17, 2010

Stimulus Confirmation

this will not sit well with the people that look to Sean Hannity and Rush Limbaugh for economic advise.

Just look at the outside evaluations of the stimulus. Perhaps the best-known economic research firms are IHS Global Insight, Macroeconomic Advisers and Moody’s They all estimate that the bill has added 1.6 million to 1.8 million jobs so far and that its ultimate impact will be roughly 2.5 million jobs. The Congressional Budget Office, an independent agency, considers these estimates to be conservative.

Conservatives have a great deal invested in seeing the Obama administration fail - as I've stated before. But with a report such as this from multiple, reputable, sources confirming the Economic Stimulus Bill's success, it puts more than just a dent into the conservative narrative.

This is to be expected, as Republicans from Bobby Jindal to Tim Pawlenty are taking credit for the success of the stimulus in their states and asking for more money at every turn. The longview of this success is more than likely going to show an even greater return on this investment, as more than half of the stimulus money hasn't even been spent yet.

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