The Facts from Politifact.com: Signed into law less than a month into Obama’s presidency, the stimulus bill allocated about $787 billion in federal spending and tax benefits. By Sept. 30 of this year, about $5.5 billion had been awarded to recipients in New Jersey alone.
Compared to what would have happened otherwise, the stimulus bill increased the number of people employed by between 1 million and 2.9 million in the second quarter of 2011, according to the Congressional Budget Office.
Mark Zandi, chief economist for Moody’s Analytics, projected that without the stimulus bill, the country would have had 1.75 million fewer jobs as of the third quarter of 2011.
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— Share the Facts (@sharethefact) July 15, 2016
Reference:
- PolitiFact, December 4, 2011 – Chris Christie claims Barack Obama “did nothing” to create jobs during his first two years in the White House
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