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With the
release of some hard data, the effects of the first wave of President Obama’s stimulus program are now observable. Businesses receiving federal contracts participating in the program reported creating or saving
more than 30,383 jobs in the first months of the program, based on less than $16 billion in federal contracts.
ProPublica has done some basic math on the program so far, and calculated scenarios that shed light on the value proposition as outlined by the Obama administration. Following is the ProPublica analysis by Christopher Flavelle:
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