mhsillen said:
He has tried differant things to stimulate the economy but they do not work. You have to let the private sector create jobs. The gov't can not create real jobs. Yeah we know all about bush, but blaming him now is just a losing excuse. We are now in the toilet President Obama is now a cult a Christ like figure shhesh That is not Bushs fault anymore, people have to grow up and stop blaming |
Without the stimulus we would have an estimated 8.5 million less jobs and our GDP would be 6.5 percent lower.
http://www.thedailybeast.com/cheat-sheet/item/economists-say-stimulus-worked/stimulating/
Government doesn't create jobs, but it "stimulates" the economy by pumping money into the machine. The more money there is the more jobs companies can keep on payroll, then people work for those hours, get paid, buy more stuff, and the economy grows. Pumping too much money into the system can cause inflation, but we haven't seen that problem yet because we haven't spent enough.