Sunday, May 31, 2009

Optimism on the Stimulus Package

President Barack Obama recently announced that the stimulus package that was passed just over 100 days ago has already shown some results: it has created or saved over 150,000 jobs in the short time and amount of money that has been used thus far. If the current rate continues, we could see that number go up to half a million by the year's end.

There's reason to expect more than that, however, in the future of the spending bill: the funds used thus far represent but a small fraction of what ultimately will become the bulk of the stimulus package. In other words, you can expect the rate at which jobs are saved or created to be even higher than it is today in a year's time.

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