October 30th, 2009
08:16 AM ET
11 years ago

Stimulus creates 650,000 jobs, administration says

WASHINGTON (CNNMoney.com) - The largest stimulus program in the nation's history has created or saved at least 650,000 state and local jobs, according to a report released by the Obama administration on Friday.

Based on approximately $150 billion in spending from the $787 billion recovery package, the tally is the first broad, concrete look at the stimulus program's impact on the economy. The numbers are drawn from tens of thousands of reports from state and local recipients as well as private companies.

The White House said the actual number of jobs created so far is likely closer to 1 million, since its report on stimulus job creation only focused on $150 billion of the $339 billion in American Recovery and Reinvestment Act funds spent so far.

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Filed under: stimulus package
soundoff (93 Responses)

    Oh yeah! Where? Sorry dont believe it. Everyone except the kool-aid drinkers dont believe it. Try again .

    October 30, 2009 10:18 am at 10:18 am |
  2. Willy Brown

    That many CZAR in Obummer's cabinet?

    October 30, 2009 10:19 am at 10:19 am |
  3. X

    For all the GOP handwringing about the stimulus, you sure didn't see too many GOP Governors turning it down, did you?

    October 30, 2009 10:20 am at 10:20 am |
  4. Gene

    Where are all of those jobs again? I can't find them. I'm in Michigan.

    Congratulations to the other 49 states. YOUR recession is over according to the GDP.

    If there are so many jobs, how come the Army had no problem meeting recruiting goals with 2 wars going on?

    Figures don't lie, but liars figure

    October 30, 2009 10:24 am at 10:24 am |
  5. Matt

    I hope Americans realize that these numbers are complete fiction. When a company receives stimulus money for work performed, they are required to fill out forms that list the number of jobs created and the number of jobs saved with the money. Obviously, companies can only guess at the number of jobs, and they write a large number so the government gives them more business moving forward.

    The forms are a gimmick that the government put in place to sell the stimulus package to the American people, with the hope that the people wouldn't learn how ridiculous the numbers actually are.

    October 30, 2009 10:24 am at 10:24 am |
  6. barbara

    Show me written proof that this many jobs were created or that this many jobs were saved. But wait. how does someone prove that a person was going to be fired or laid off but the stimulus money saved their job. Its very easy for an employer to say that someone WAS going to be fired and we wouldnt know if that were true or not cause it cant be proven. we have to trust the employer when he says that someone WAS going to be fired? No, Im not biting. Show me written proof, swear on the Bible if need be but dont just TELL me and expect me to believe it especially when I can not see it.

    October 30, 2009 10:25 am at 10:25 am |
  7. The Party of No More

    So, even if one uses the administration's numbers, that comes to $150,000 per job?

    How do I get one of those? Or do you have to be a democrat ? After all, seeing who is getting those jobs, it seems to be a fair inference.

    October 30, 2009 10:26 am at 10:26 am |
  8. Mark

    Are those numbers from the same report that AP found to be full of mistakes/lies?

    October 30, 2009 10:29 am at 10:29 am |
  9. Ken

    The more jobs "saved or created" by this ponzi scheme, the higher unemployment goes, the greater our unmanagable spending driven debt goes, and the worse future prospects are for our children. Welcome to the third world.

    October 30, 2009 10:36 am at 10:36 am |
  10. Four and The Door

    Even using their own data this says each job only cost $230,770.00
    What a sweet deal! Can we do this again?

    October 30, 2009 10:43 am at 10:43 am |
  11. William

    Saved 600k jobs (possibly temporary) ,created 50k jobs Big Deal...
    How many more lies do we have to endure.

    October 30, 2009 10:43 am at 10:43 am |
  12. katiec

    Well, wonder how the republicans will spin this.
    With their politics based on lies, fear mongering, hate, anger and hpocrasy, they will respond with their usual distortions, throwing
    all integrity and honor to the wind.

    October 30, 2009 10:47 am at 10:47 am |
  13. Obama is a Socialist

    Yea right, where i live we are losing jobs left and right.

    The people who live in my area all laugh whenever he speaks.

    They call him the Joker.

    October 30, 2009 10:47 am at 10:47 am |
  14. File under "Sarcasm"

    I prefer a fairy tale with a happy ending like Snow White or Cinderella.

    October 30, 2009 10:49 am at 10:49 am |
  15. Caesar the Great

    When we get INDEPENDENT numbers that I will care. Until then this is nothing more than politics.

    October 30, 2009 10:50 am at 10:50 am |
  16. Ohio Man

    Yes... What a lot of people don't understand is that the Stimulus was like a $787 billion dollar credit limit.. nothing different than some1 having a credit card with a 1,000 limit... and only used 250 of it to take care of things ... we have not even used half that money yet and things are turning around .. and then with the banks paying back there money we are just re-allocating that money to other things, but so many people don't understand that.... the way things are going we may not even have to use most of that money that was approved...

    October 30, 2009 10:51 am at 10:51 am |
  17. Loup Garou 782

    "Stimulus created or saved 650,000 jobs"
    That from an administration at the White House that, if they are talking or writing they are lying.

    October 30, 2009 10:52 am at 10:52 am |
  18. Wake Up

    How about the story where stimulus went to a company that saved 250 jobs...because the owner had to give them raises or they would find new jobs. Don't we want NEW jobs? How does help the economy. Obama is a fraud. You lefites just lap lap it up.

    October 30, 2009 10:54 am at 10:54 am |
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