The House version of the stimulus bill will cost $820 billion and is estimated to create or save 3.7 million jobs over two years.
Thanks to the tireless efforts of Ben Nelson, Susan Collins et al to improve this legislation, the Senate version of the stimulus bill will cost $827 billion and is estimated to create or save about half a million fewer jobs over two years.
The Republicans are busy claiming that their tax-cuts-only version of the bill will create/save 6.2 million jobs. However, an analysis by the Economic Policy Institute concludes that the Republican bill will only create/save 1.3 million jobs. Republicans somehow got it wrong by a factor of 5. Just as they’ve managed to get everything about the economy wrong over and over again for the last eight years.