Another frequent refrain from those who would like Barack Obama removed from the Oval Office goes: The stimulus failed!
Donít tell that to the 300,000 to 2 million people who held jobs in December due to the American Recovery and Reinvestment Act. Or the 3.6 million people who owed their jobs to the stimulus at the peak of its impact in the third quarter of 2010. These are among the most recent calculations of the Congressional Budget Office.
More, the budget office found that many full-time workers would have been reduced to part-time, and fewer would have worked overtime without the stimulus package. The injection of federal spending wasnít supposed to deliver a full recovery. It aimed first at preventing things from getting worse. The CBO numbers suggest how bad it might have been.