1.28.2009

Conservative Talkers pull a WMD with stimulus package

The hard right wing has been flogging a CBO report that (they say) proves that Obama's stimulus package would have no real effect and wouldn't even kick in for 2 years.

ThinkProgress has found that since the AP’s report last Tuesday, the CBO report has been cited at least 81 times on Fox News, CNN, MSNBC, CNBC, the Sunday shows and the network newscasts in order raise questions about Obama’s recovery plan.

Turns out the REAL CBO report says something entirely different. Reports Kevin Drum:

Overall, then, it looks like the spending part of the bill is maybe 90% clean as short-term stimulus. And on the supply side, nearly 100% of the tax cuts are allocated during the next 18 months.

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