And that’s the bottom line, ’cause Lee Terry said so
Lee Terry, on twitter:
A year later, the stimulus bill still hasn’t helped the private sector. http://omaha.com/article/20100217/AP09
David Leonhardt at the New York Times:
Just look at the outside evaluations of the stimulus. Perhaps the best-known economic research firms are IHS Global Insight, Macroeconomic Advisers and Moody’s Economy.com. They all estimate that the bill has added 1.6 million to 1.8 million jobs so far and that its ultimate impact will be roughly 2.5 million jobs. The Congressional Budget Office, an independent agency, considers these estimates to be conservative.
And Ezra Klein at The Washington Post:
The bill included $288 billion in tax cuts for individuals and corporations. If that money didn’t create even one new private-sector job, then the Republican belief in tax cuts requires some serious revision.
When I first saw Terry’s tweet, I assumed he was linking to a news story analyzing the impact of the stimulus on the economy. Instead, it’s just a story about Terry’s press conference in which he just claims that the stimulus hasn’t helped the private sector.
That’s his supporting evidence — his own press conference.
