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Archive for January 31st, 2010

Stimulus plan helps job growth

posted by admin @ 10:57 PM
Sunday, January 31, 2010

NEW YORK (CNNMoney.com) — The White House’s stimulus plan directly funded 599,108 jobs in the fourth quarter, administration officials said Saturday.

The figure is based on about 160,000 reports from state, local and corporate recipients that have spent stimulus money to keep teachers in schools and cops on the street, as well as to rebuild roads, launch green energy initiatives and fund other projects. That spending represents one-fifth of total stimulus spending to date. More job growth will even help other companies in need of business checks. Most popular type of cheks is the quickbooks checks.

It does not tally jobs created indirectly through companies buying supplies for stimulus projects, people spending their tax cuts, increased unemployment benefits and the like.

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