Between 600,000 and 1.6 million jobs were created or saved through September as a result of the American Recovery and Reinvestment Act, according to a Congressional Budget Office report.
The data, released Monday, say the real inflation-adjusted gross domestic product was 1.2 percent to 3.2 percent higher than it would have been had the $787 billion stimulus package not passed in February. Also, the stimulus lowered the unemployment by between 0.3 and 0.9 percentage points, according to the report.
CBO also estimates that the stimulus upped federal spending by $100 billion while cutting tax revenue by $90 billion, according to Bloomberg.
Or, to put it another way, the 214 Congressional Republicans who voted against the stimulus voted for fewer jobs, a lower GDP, higher unemployment and higher taxes.
With priorities like those, I can’t imagine why anyone would vote to give the GOP the majority again anytime soon.