Recovery Act Saved Jobs And Boosted The Economy, Says Romer
By Linn Grubbstrom - Talk Radio News Service
Dr. Christina Romer, the White House’s chief economist, argued Wednesday that the Recovery Act is responsible for key improvements within the U.S. economy.
“The Recovery Act has increased real GDP, relatively to what it otherwise would have done, by between 2.7 and 3.2%,” Romer said during a conference call coinciding with the release of a report on the Act’s effectiveness. “It increased employment, relative to what otherwise would have happened, between 2.5 and 3.6 million.”
The Recovery Act was designed to boost economic growth and employment in the U.S. Republicans have chided the $787 billion stimulus package as too costly and unable to curb unemployment.
Obama's Popularity Decreasing, According To New National Poll
By Linn Grubbstrom - Talk Radio News Service
According to a new national conducted by Quinnipiac University, President Barack Obama’s job approval rating has dropped to 44 percent, his worst net score since he took office.
“New presidents have a honeymoon and that’s to be expected. For instance, a year ago President Obama was getting a fair-able job approval rating from 24 precent of Republicans. Now it’s 12. That’s not unexpected,” said Peter Brown, assistant director of the Quinnipiac University Polling Institute at a press conference Wednesday.
Brown said there are several reasons for the low numbers. The economy, fallout from the oil spill and the administration’s public spat with Arizona over its new illegal immigration law have all contributed to negative marks for Mr. Obama. However, said Brown, public dissaproval with the President doesn’t necessarily indicate that Americans believe that Republicans are doing a good job.
“It’s not that the Republicans are doing better, it’s that President Obama is doing worse. And that always leaves a possibility in the end, if voters aren’t happy with their alternative they might not vote or they might stay with what they have,” he said.
The survey was conducted with more than 2,000 voters. 48 percent said they don’t believe Mr. Obama deserves re-election in 2012, and 37 percent responded by saying they would vote for a Republican candidate in two years.