NEWS FLASH

CBO: Recovery Act Was Supporting Up To 2.9 Million Jobs In June | An analysis by the non-partisan Congressional Budget Office found that in June of 2011 alone, the 2009 American Recovery and Reinvestment Act (i.e. the stimulus) had “lowered the unemployment rate by between 0.5 percentage points and 1.6 percentage points,” and “increased the number of people employed by between 1.0 million and 2.9 million.” Yesterday, 2012 GOP presidential hopeful Rick Perry declared that “you won’t have stimulus programs under a Perry presidency.” (HT: Center on Budget and Policy Priorities)