Today Rep. Boehner released an error-filled paper on the Recovery Act that is full of half-truths and mistakes.
Leading independent economists, the nation’s governors and the millions of Americans on the job thanks to the Recovery Act all say it’s helped rescue the economy, so it’s ironic that the very critics who refuse to acknowledge it’s working are those whose economic policies led us into this crisis in the first place. Republicans in Congress may have made a cynical bet to deem the Recovery Act a failure before it even began, but even they can’t ignore the facts: after years of failed policies, the Recovery Act has helped us go from losing over three million private sector jobs in the first five months of last year to adding 495,000 in the first five months of this year, and from an economy shrinking by six percent to an economy growing three percent.
Among the biggest errors in Representative Boehner’s report are:
“[T]he ‘stimulus’ isn’t working as promised.”
In fact, the nonpartisan Congressional Budget Office says the Recovery Act is already responsible for as many as 2.8 million jobs and on track for about 3.5 million by the end of the year – exactly the projected target at the time the Recovery Act was signed. [CBO Report, May 2010]
Fonte: White House
