Even with the $787 billion stimulus package that Obama signed in February [Which didn't help], more than 4 million jobs have been lost in 2009, the worst year for job losses since World War II. The jobless rate that advisers projected would peak at 8% has topped 10%.
In the other corner, ABC News.
But the report from the President's Council of Economic Advisers said the economy is a lot better off than it would have been without the stimulus. Citing its own analysis plus a range of private sector summaries, the council estimated the annual growth rate last year would have been roughly 2 percentage points lower, and there would have been 1.5 million to 2 million fewer jobs.
So which is it? Jobs lost or jobs saved? Before the game starts, there's this to keep in mind about the 'Jobs Saved or Created'. Hide the jobs decline.
Via Ace and Jammie Wearing Fool.
Cross Posted at The Richmond Liberty Alliance.