Republicans Desperately Want You to Believe The Stimulus Failed, But Facts Tell a Different Story

GOP House leader John Boehner and other Republicans insist stimulus spending was a waste. But did the Recovery act fail?

NO. According to the Economic Policy Institute:

The Recovery Act was enacted at a time when the private economy was contracting by more than a 6 percent annual rate and losing more than 750,000 jobs a month. In the first full quarter after its enactment, the Recovery Act had cut average monthly private job losses by more than a third and slowed the economic contraction to a -0.7 percent annual rate… EPI analysis shows that by the end of 2010 the Recovery Act had created or saved 3 million to 4 million jobs, and up to 5 million full-time equivalent jobs. It had also boosted gross domestic product by up to $560 billion and reduced the unemployment rate up to 1.8 percentage points.

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