WASHINGTON — States have reported using stimulus money to create or save more than 388,000 jobs so far this year, buttressing the Obama administration's claim that the $787 billion plan has had a significant impact on the economy. [...]
Frank Lichtenberg of the Columbia Business School says the figures show a significant economic impact. Obama's Council of Economic Advisors estimated that the stimulus had saved or created 600,000 to 1.1 million jobs. Lichtenberg said the states' reports "make that sound like a reasonable estimate."
I still think they should've nicknamed it the "jobs bill" or something similar, but regardless of the name the stimulus is actually stimulating the economy and saving jobs. Crazy how that works.