So Much for 4 Million New Jobs

Posted: Jan 27, 2009 10:04 PM
Barack Obama said his stimulus bill would create as many as four million new jobs.

Not so says CBO Director Douglas Elmendorf.

Elmendorf testified to Congress Monday morning the $825 billion spending bill could only be expected to create between 0.8 million and 2.1 million jobs by the end of the year.

Keep in mind, that's the best possible scenario.

No details how many of those jobs would be for sodding the National Mall.

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