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Friday, February 19, 2010

OPED: Obama's Stimulus


I guess there really are two-sides to every story. The New York Times and The New York Post have taken opposing sides on whether or not Obama's Stimulus is working.

Here they are:

1)Obama's math doesn't add up: The White House claimed a year ago that the stimulus would create 3.3 million jobs, says Brian M. Riedl in the New York Post. "Since then, the nation has lost more than 3 million jobs" — a 6.3 million jobs gap. It's pure fantasy for Obama to try to spin those numbers and say this wasteful spending was a success.

2) The stimulus succeeded. Without it, the economy would worse: If the stimulus hadn't been passed, says David Leonhardt in The New York Times, 2 million people who now have jobs would instead be unemployed. Sure, the program had its flaws. But the ones who say we'd be no worse off without it are the ones playing tricks with the numbers.
"Judging stimulus by job data reveals success".


Bottom-line: If you have a job, it worked....if you don't...it didn't.

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