NEW YORK (CNNMoney.com) – The nation's economy started to turn around after the passage of President Obama's $787 billion stimulus package in February, his chief economic adviser said Thursday.
The American Recovery and Reinvestment Act created or saved slightly more than 1 million jobs through August, according to the president's Council of Economic Advisers.
The stimulus plan also boosted the nation's gross domestic product by 2.3 percentage points in the second quarter, the council said in its first quarterly stimulus report to Congress.
"Following implementation of ARRA, the trajectory of the economy changed materially toward moderating output decline and job loss," the council said.
Got any names? Chief Economic Advisor? Summers?
Then, a "Council of Economic Advisers"?
Which is it?
Do you know what a lie is, Luhbi?
If not, see your post, and then, calculate the amount for each of those jobs as a bill to the taxpayer, then come back and tell me what "recovery" means.
Hugo Chavez could use you, bimbo.
Lets c....what other fairy tale they can come up with????
Saving jobs is stupid! The job of the president is to look for fake things, like WMD's and to spend money on illegal wars. Not save jobs or the stock market! That's lousy that our president isn't doing his job, killing people and screwing the nation!
How come people are still getting laid off?
CNN where are the ACORN stories???
1) Federal and state authorities in Miami are still searching for five of the 11 people suspected of falsifying information on hundreds of voter registration cards
2) The Video of them helping an undercover person to set up a prostitution ring????
This group is able to get BILLIONS in stimulus money!!
Stop being so protective of these people!
That's Right!! What you don't SEE out in the OPEN – is improving under the surface.... Just becasue you cannot see the economy getting better – some things are getting better.
I FOR ONE was about to lose my job and it was SAVED by the STIMULUS PACKAGE!!!!... Just like a million others!!!
So REPUBLI-CAN'Ts – you should have JUMPED on the BAND WAGON and aid in the improvement of our economy instead of TRYING to make our President FAIL in his efforts!!!!
What is the white house going to say? the Stimulis is a disaster? Especially Obama's Advisor,maybe he likes his job?
Where is Wilson when you need him?
Employment is at 9.7, yet some how they created OR "saved" 1 million jobs?
Try that at work; "Boss, I created or saved 1 million accounts!" See if you don't get fired.
First signs of good policy gone right. We're not out of the woods yet, but at least we're seeing return on the stimulous package.
The trick is this system doesn't work if the people don't believe in it. Causing opposition based on party politics not only hurts consumer and corperate confidence, but the country on a whole.
lies. why does the pres and his council of phonys even try and say this. we all know its all lies. the stimus has done nothing but rob the american people of their hard earned money.
Sure, whatever you say, Obama adviser.
If are just making up stuff, I say: "pigs can fly." Why not? Sure, they can; TV told me so!
"created or saved slightly more than 1 million jobs..." Why won't CNN 'Truth Squad' this number? How does the white house calculate how many jobs they 'saved'?
Of course, your children will lose 10 million jobs when taxes go WAY up to pay for Obamoronomics..
Stimilus money should give us a boost, and there is still a lot more stimulus money to issue out. So go Obama, you are doing the right thing for the short term in not letting our economy slip further downard.
Talk about pulling a number out of your rear-end.
Sorry, don't believe this.
Haven't seen any impact to ANYONE I know.
But hey, I'm gonig on the Obummer Bandwagon. I'm going to stop paying taxes, get free heatlh care, and get a bailout.
And unemployment has jumped to 9.7%.........
This is only the beginning, lets talk in a year or two when we bring this back out of the Bush funk.
I created or SAVED 20 jobs by typing this post. You obamabots are so fricken gulliable. No lib media even calls him out on this garbage.
Here IS A REAL FACT, WE ARE GOING TO BE 10 TRILLION IN DEFICIT IN 10 YEARS WITH OBAMA'S POLICIES. I've never seen such a brainwashed group of people in my life.
Durable goods orders are up, the stock market is up, home sales are up. But if you are a right wingnut, you think we would have been better off with another great depression.
This is nonsense... According to the President's advisers? Just who does he expect to believe this garbage? Now Obama is making claims that have zero credibility whatsoever!
Where are the 1 million jobs? What states? What industry?
How many were created, how many"saved"?
How did the stimulous package create or save jobs?
Are these people KIDDING? There were 550,000 new first time jobless claims last week. Also, the drop in numbers on continuing claims are those who's benefits are exhausted, not that they got jobs. I cannot believe these people and i hope we vote them all out in 2010 and 2012!
YES! Thank God! We need to be patient, and wait for the results of the Stimulus. All one has to do is read American History, and learn that during the Great Depression FDR did the same thing.... he invested IN America!
Our nation will be prosperous again, just hope everyone who overspent, bought too big a house with too little money, and the banks that lent the money have learned their lesson!
To all the NAY sayers, 1 million jobs in 6 months... that enough for you?