
Economists at Goldman Sachs say the %787 billion stimulus bill, officially called the American Recovery and Reconstruction Act, has resulted in a 2% to 3% boost to annual Gross domestic product in the second and third quarters of this year. This increase has given vision to the end of the recession and potential for growth. Though one of Obama’s major bill that was passed in his early office months, has now put an positive effect on our economy, his poll numbers has dramatically decreased from 65% to around 50% as Americans have become concerned about the health care reform and large government spending.
One of the obvious reasons of disagreement is the loss of jobs. Though the GDP has increased up to 3% the rate of employment still remains around 9.7% with employers cutting 216,000 jobs in August. While jobs usually follow economic rebounds, the employment is higher then was predicted. Because of the lack of jobs, many Republicans believe no more of the stimulus money should even be spent. Don Steward, spokesman for the senate’s top republican states, "The metric of this bill was job creation," Mitch McConnell replies, "and it hasn't done that."
Despite the $88 billion infused in the economy during these past six months, Obama’s reputation has become reconsidered. Much of the money has been aim to the low income citizens of
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