Stimulus Has Created 1.6M Jobs

You wouldn’t guess it from the fight on in Washington these days, but it turns out that the White House did something right: The economic stimulus package passed last year has created between 1.6 million and 1.8 million jobs according to the best-known economic -esearch firms, and in the end that number will rise to 2.5 million. Meanwhile, The Wall Street Journal points out that two-thirds of the stimulus is yet to be spent. With Congress contemplating another jobs bill, David Leonhardt writes that “The last year has shown—just as economists have long said—that aid to states and cities may be the single most effective form of stimulus. Unlike road- or bridge-building, it can happen in a matter of weeks.”