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“Jim --
Wondering what the American Recovery and Reinvestment Act -- President Obama's stimulus bill -- has accomplished? Look at this:
(Graph showing Bush-era job losses and Obama recovery to near stop loss)
One year ago tomorrow, after tens of thousands of you shared stories and called your representatives, the President signed the American Recovery and Reinvestment Act.
And while this anniversary isn't a cause for celebration, there is reason to be optimistic. This chart makes it clear: We're on the road to recovery.
Still, we know there is a long way to go. Many Americans are still struggling, and creating jobs remains President Obama's top priority.
Click here to learn more about the President's record on the economy, what we're doing to put more Americans back to work, and get easy-to-share information you can pass on to friends and family:
http://my.barackobama.com/Recovery
Thanks for making change happen,
David Plouffe”
YankeeJim
Arlington, Virginia, United States
marianmo
Mission, Canada
Karl Gotthardt - albertacowpoke
Redwater, Alberta, Canada
stejeb
United Kingdom
Uwe Paschen
Narita, Chiba, Japan
Rhonda J Mangus
North Tonawanda, New York, United States
Rory Cripps
New Port Richey, Florida, United States
Hugh Askew
Omaha, Nebraska, United States
Most RecentMost Recommended Comments (13)
at 09:44 on February 17th, 2010
First - stop the job loss. Second - increase jobs. Third - reign in debt. This is practical economics. And it's working, but slowly. The graph shows progress in comparison to the prior year. Has the stimulus produced a miracle? No. Did it stem the tide and provide an opportunity to turn things around. Can we bounce back from the worst economy in decades in the course of 12 months. No. Will we come back if these kinds of improvements continue. Yes! Thank you for broadly distributing this graph and the positive comparison it makes to our country's challenging 2008.
at 10:15 on February 17th, 2010
I knew that you folks would like that.
at 10:01 on February 17th, 2010
Spin is a wonderful thing. It seems to me the Recovery Act was to keep job losses at 8%, yet they're close to 9.7% now. I am not sure that this graph is a true reflection of what really happened.
at 10:19 on February 17th, 2010
Spin is a wonderful thing...Both ways. 8% seemed reasonable under the severity of the adjustment was understood. You can argue the absolute number, empirically you cannot deny the trend.There will be many forced to eat crow ..it isn't going to taste sweet for them
at 10:21 on February 17th, 2010
Eating crow isn't so bad, just a little boney.
at 11:06 on February 17th, 2010
Maybe David Plouffe could also tell us the source of the graph. If the unemployment rate grew by 2% since the Recovery Act something is fishy.
at 11:27 on February 17th, 2010
This explains the economic stimulus effects in graph form:graphics8.nytimes.com/images/2010/02/17/business/economy/17leonhardt_graphic/17leonhardt_graphic-popup.jpgIt's a little closer to reality and independently verifiableI hear that the repubs are now just saying it was coincidental, that the economy would have recovered anywayCaw to that
at 12:17 on February 17th, 2010
Good observation and calculation Karl. Something is fishy.
at 10:37 on February 17th, 2010
"If I could create one job in the private sector by helping to grow a business, that would be one more than Congress has created in the last six months."
Evan Bayh (D-Indiana) said that yesterday morning, 2/16/10.
That is what it "recovery" sounds like without the spin from Our Dear Leader.
at 10:52 on February 17th, 2010
"Caw" - do you want it warm or cold?
at 10:53 on February 17th, 2010
Caw - would you like it served warm or cold?
at 10:58 on February 17th, 2010
Caw - want it cold or warm?
at 12:18 on February 17th, 2010
"Caw caw, caw caw" -- Bottlerocket