In a blow to the Obama administration, the Congressional Budget Office (CBO) has concluded that the president’s economic stimulus plan created fewer jobs than expected and “crowds out” private investment.

A new report the CBO released on Tuesday finds that the American Recovery and Reinvestment Act may have boosted the economy in the short run by sustaining some 700,000 jobs at its peak in 2010 but “will reduce output slightly in the long run — by between 0 and 0.2 percent after 2016.”

Notice it said sustaining NOT create! Definition of sustain follows.....

sus·tain
tr.v. sus·tained, sus·tain·ing, sus·tains
1. To keep in existence; maintain.
2. To supply with necessities or nourishment; provide for.



http://www.newsmax.com/Newsfront/obama-stimulus-fewer-jobs/2011/11/23/id/419003