The Congressional Budget Office on Tuesday downgraded its estimate of the benefits of President Obama’s 2009 stimulus package, saying it may have sustained as few as 700,000 jobs at its peak last year and that over the long run it will actually be a net drag on the economy.
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Filed under: * Culture-Watch Globalization * Economics, Politics Economy Credit Markets Housing/Real Estate Market Labor/Labor Unions/Labor Market The Fiscal Stimulus Package of 2009 The U.S. Government Federal Reserve The National Deficit The United States Currency (Dollar etc)
Posted November 23, 2011 at 5:15 am
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