[lbo-talk] CBO on HR 1

[SA]

Doug Henwood wrote:


> CONGRESSIONAL BUDGET OFFICE
> The following has been added to CBO's Web site (www.cbo.gov):
>
>     • Estimated Macroeconomic Impacts of H.R. 1 as Passed by the House 
> and by the Senate
> http://www.cbo.gov/doc.cfm?index=9987

So the central estimate is that the bill will increase employment by 1.6 
million by the end of 2009. That's 1% of the labor force. It is not a 
bad bet, then, that unemployment will reach double digits despite the 
stimulus. If it does, how the hell will Obama &co. prevent the whole 
idea of stimulus from being discredited politically?

SA