Christina Romer, Advisor to the President.
The Council of Economic Advisors submitted a crucial report today on the state of the economy.
“White House economists touted the success of the government’s $787 billion stimulus program on Wednesday, saying it had saved or created 2.5 million to 3.6 million jobs since it was signed a year ago.
The new report by the Council of Economic Advisers showed that the pace of fiscal stimulus had accelerated, with spending growing to $116 billion in the second quarter from $108 billion in the first quarter and $80 billion in the final three months of 2009.
The White House also estimated that gross domestic product, a measure of overall economic output, was 2.7 percent to 3.2 percent higher than it would have been without the $787 billion in stimulus. The new estimate is in line with projections by the nonpartisan Congressional Budget Office..
