July 14th, 2010
01:34 PM ET
4 years ago

White House: Stimulus funded 3 million jobs

Christina Romer has long maintained that the stimulus would save a total of 3.5 million jobs by the end of 2010.
Christina Romer has long maintained that the stimulus would save a total of 3.5 million jobs by the end of 2010.

New York (CNNMoney.com) - Despite groans from Republicans about high unemployment, President Obama's administration continues to say the stimulus is creating jobs.

In its latest stimulus report released Wednesday, the White House's Council of Economic Advisers said the Recovery Act has already funded about 3 million jobs.

That's in line with earlier predictions from Christina Romer, chairwoman of the council, who has said since the beginning of the Recovery Act that the stimulus would save a total of 3.5 million jobs by the end of 2010. Different models estimate the number of jobs to be between 2.5 million and 3.6 million, meaning Romer's target may have already been reached.

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Filed under: Christina Romer • issues • Jobs • White House
soundoff (59 Responses)
  1. Rick CT

    Yeah. I have some really attractive real estate to sell you, too. How about showing us the real people behind this figure.

    July 14, 2010 01:38 pm at 1:38 pm |
  2. Tony 140

    HELLO OUT THERE – CAN ANY OF YOU HEAR US. What 3 million jobs? No in my neihborhood.

    They throw out job numbers just as bad as they spend money. No conscience and no accountability. How arrogant of them to treat us this way.

    July 14, 2010 01:40 pm at 1:40 pm |
  3. Lawrence

    Anti-Obama folks won't believe this. They just can't stand the man. He can cure A.I.D.S., and they would say that he's just showin' off. They take their lead from Rush, Glenn, and Sarah. I just pray that unity and diversity will ultimately triumph over hate and greed.

    July 14, 2010 01:44 pm at 1:44 pm |
  4. cf

    3 million jobs created, and counting. And the Republicans want to reverse this, killing those jobs, AND deny unemployment benefits to the people affected. Shameful!

    July 14, 2010 01:47 pm at 1:47 pm |
  5. TOTUS 4 PRESIDENT

    Please don't go on a diet, Ms. Romer. We need you to support snd stimulate the agricultural and restaurant industries.

    July 14, 2010 01:48 pm at 1:48 pm |
  6. thor

    This is a lie. This can't be proven or for that matter disproven.There's no doubt some jobs were created with that amount of money spent.But,nobody in their right mind would take seriously the numbers being put out by this administration.And with an unemployment rate at 9.5% after 18 months in office is nothing to brag about.

    July 14, 2010 01:48 pm at 1:48 pm |
  7. Marcus

    Cue to some Libertarian or Republican claim that the numbers are an/or his/her data source has the 'real' numbers (which proves that the Council of Economic Advisers is lying) in
    5...
    4...
    3...
    2...
    1...

    July 14, 2010 01:48 pm at 1:48 pm |
  8. ac

    I am really having a very hard time in understanding what the heck the Democratic mean by they saved 2.5, or 3, or 3.5 millions jobs.
    Let's assume that it was not any unemployment or let's say that it was 5% unemployment, which is considered full employment.
    The economy must create a net gain of 200,000 jobs a month. It means that 19 months times the 200K equals 3,800,000 jobs that needed to be created, in order to break even. Therefore, it is very stupid and idiotic to say that they save anything or create any job.
    No wonder our beloved country is going down like the Titanic.

    July 14, 2010 01:49 pm at 1:49 pm |
  9. Rick

    and where are the jobs, more obama tax tan lies by the obama administration and from the grade "C" morons. This Chris Rome is almost as much a JOKE as obama the tan tax king and racist. Rome quit telling lies you are caught with your FAT hand in the cookie jar of obama liers.

    July 14, 2010 01:50 pm at 1:50 pm |
  10. Truth

    OMG! Do these people think we are stupid?

    What a bunch of loons we have running our country.

    July 14, 2010 01:50 pm at 1:50 pm |
  11. Rick McDaniel

    Stop with the outrageous claims, and show us the PROOF!

    July 14, 2010 01:50 pm at 1:50 pm |
  12. Obama Enemy List Wannabe

    Darn shame they were all census jobs..... paid for with money borrowed from the Chinese....

    July 14, 2010 01:51 pm at 1:51 pm |
  13. gary

    The Stimulus was a stupid waste of money...we need to balance the budget by cutting spendings and holding the line on the current tax rates. This White house is incompetent....I didn't think anyone could be financially worse than Bush but Obama has proven to be even more incompetent.

    July 14, 2010 01:54 pm at 1:54 pm |
  14. Alan

    It is becoming increasingly clear that this adm. is delusional. I cannot understand how any rational person (regardless of party) could continue to buy into these lies. Our economy continues to shed jobs and this is what we get. TALK and more TALK!

    July 14, 2010 01:55 pm at 1:55 pm |
  15. Ken in Pisgah Forest

    Thank God and the Democrats for the stimulus. I hate to see what the alternative would have been. I know it is a lot of money per job, but each of those jobs helps out the small businesses those people buy from.

    I look around at the highway jobs in my area, and they are all long overdue. Our country's infrastructure has been declining since the 70's and it is nice to see work finally being done to improve it.

    July 14, 2010 01:55 pm at 1:55 pm |
  16. Bob in PA

    How many millions on average was it for each job ?
    WHat an incredible waste of money. It would have gone much further to just give each person a million dollars and said they must buy a house and a new car with the money.

    This administration was a joke, is a joke, and, on it's current path will be the worst in US History.

    July 14, 2010 01:55 pm at 1:55 pm |
  17. Steph

    But the fine folks at faux news keep telling me that the stimulus hasn't created a single job. Oh no, who to believe...a large group of highly educated and well respected economists or tv and radio personalities with no more than a high school diploma like Beck and Limbaugh??? Decisions, decisions, decisions.

    July 14, 2010 01:56 pm at 1:56 pm |
  18. Ferret out the BS

    The model for job creation in the public sector to help stimulate grothw in the private sector was proven to work during the "New Deal". For Republicans to discount or ignore the successes is idiocy. The global economy was on the brink of severe depression and these programs have kept us from going there. No one expects these programs to be permanent but they have to have time to work. After all, fixing an economy on the brink of disaster is not like turning on a light switch and everything is wonderful again. However not giving these programs time to work could very well be ensuring our descent into a depression and it is hard to imagine that anyone with half a brain would want that sort of disaster.

    July 14, 2010 01:58 pm at 1:58 pm |
  19. curien

    Great! the stimulus worked, even the new cap in the BP oil spill is working, but when are we ever going to see gas prices come down!

    July 14, 2010 01:58 pm at 1:58 pm |
  20. New Age Independant

    This is nothing but propaganda. I'm sick of hearing how the stimulus will "save or create" jobs. It's been a colossal failure and the entire country knows it. Please stop insulting us.

    July 14, 2010 01:59 pm at 1:59 pm |
  21. Augsbee

    What I believe in are the long unemployment lines I see. My friend just lost her job and her husband is losing his job at the city water department.

    July 14, 2010 02:00 pm at 2:00 pm |
  22. Ben

    Where's the proof? There's absolutely no way Romer can prove that many jobs were saved. She's full of it and so is Obama.

    July 14, 2010 02:01 pm at 2:01 pm |
  23. Anonymous

    Now the term is Funded? What ever happened to "Saved or Created".

    Funded means they gave money to over paid government employees who refused to take a pay cut.

    July 14, 2010 02:01 pm at 2:01 pm |
  24. Daniel

    And Santa Claus is real. How dumb do these people think we are? I guess dumb enough to elect this moron into the WH. November can't get here fast enough.

    July 14, 2010 02:03 pm at 2:03 pm |
  25. barbara

    continuing to say that jobs were saved or funded, doesnt tell me anything. show me the people who are actually working at these so called saved jobs or newly created jobs before i beleive a word of this.

    July 14, 2010 02:04 pm at 2:04 pm |
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