New White House Report Claims More Jobs From Stimulus Bill

WASHINGTON (AP) - A new White House report says last year's $862
billion stimulus law has now "saved or created" between 2.5 million and 3.6 million jobs.

That's up from 2.2 million to 2.8 million in the last quarterly report from the White House Council of Economic Advisers. Christina Romer, head of the council, says in congressional testimony prepared for Wednesday that every $1 from the stimulus bill is matched by $3 in private money.

She says the law "appears to be stimulating private investment and job creation at a time when the economy needs it most." President Barack Obama has traveled the country telling voters that as bad as things are, they'd be worse without the stimulus. He acknowledges the message is a tough sell. Obama travels Thursday to Michigan.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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