The Congressional Budget Office Report provides the facts about how the economic stimulus is working.
Here are some facts: between 600,000 and 1.6 million jobs have been created or saved through September 2009 as a result of the American Recovery and Re-investment Act. The data shows that the real inflation adjusted GDP was 1.2 to 3.2% higher than it would have been had the $787 billion dollar stimulus package not been passed.
Here's a link to the report: Congressional Budget Report
But sadly, for the disgruntled lunatic fringe, it doesn't matter what the facts are because there is such polarization in this country. House Minority "Leader" (wink wink) John Boehner and fellow NeoCONservatives like frustrated actor Glenn Beck and frustrated hater Rush Limbaugh boldly claim the stimulus has failed (?) no matter what. It's like this in local politics w/ our local NeoCons, too. Look at our local "newspaper" and blogosphere: the loudest and most blatant liars and NeoCon sycophants are the ones referenced as "reputable" (wink wink) sources of information. Our local "newspaper" actually links its online "news" stories to NeoCon haters like disbarred and un-rehabilitated lawyer Bernie O'Hare and perpetually disgruntled and konstantly kvetching Allentown Mayoral "Hopeful" (wink wink) Mike Molovinsky as "other news sources." Incredible. The truth doesn't matter anymore. Ditto facts. Only the hate. And the RepubliCONS couldn't care less about the well-being of the citizenry, they just want to make sure Obama fails by blocking him. Same way some jealous locals try to block Bill Villa. And if they keep repeating the same lie loudly enough that the stimulus has failed, easily duped dunces will believe them. Ditto locally, where easily duped dopes fall for what NeoCons O'Hare, Molovinsky, Casey, Varkony, Najarian, LVCI, and Michael Donovan are dishing out. Thankfully, we Liberals are the majority.
Bush's tax cuts for the rich did not trickle down to create jobs. The jobs created under the Bush administration were mostly jobs outsourced to China, India, Dubai, and Mexico. The right wingnuts complain that the jobs created by Obama's stimulus are government jobs, and that he is expanding big bad government with his socialist agenda. Well, some of those bad government jobs include, fire, police, teachers, and court employees. Spending results in jobs. And the top economists in the country have pointed that out. Obama has avoided a depression. It's going to take a while to recover and rebound from the desperate situation that "W" left us in but Obama has all the right things heading in the right direction. To the left. Just sayin'.
For more facts on how the stimulus money is being used, click here.