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Economy: GDP / Recovery / Jobs #959948

CBS Evening News for Thursday, Oct 29, 2009
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(Studio: Katie Couric) A jump in the Gross Domestic Product rate noted; Stock Market Report.

(Studio: Anthony Mason) The rebound in the economy examined; details given about the impact of the Cash for Clunkers program and the tax credit for first-time home buyers; increases in exports and household purchases cited; scenes shown from New York City of an event planners convention. [President OBAMA – says the steps we’ve taken have made a difference.] [Economist Lakshman ACHUTHAN††- says the economy is growing of its own merit.] [BizBash Media CEO David ADLER†- says people are starting to plan again.] [Polaris Industries CEO Scott WINE††- says we have to make growth happen.] What it will take for employers to start hiring again discussed.

(Studio: Katie Couric) Report introduced.

(White House: Chip Reid) Dubious claims about jobs created or saved by the stimulus package examined; examples, including a Georgia college and a child care center in Cocoa, Florida, cited; details given of Republican skepticism of tomorrow’s jobs report. [OMB Watch federal fiscal policy analyst Craig JENNINGS†- says at worst the numbers are next to useless.] [Representative John BOEHNER – says there is no factual way of determining how many jobs were saved or created.]

Couric, Katie;
Mason, Anthony;
Reid, Chip

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