dr. mark zandy and dr. alan blinder of the federal reserve completed a study last year that measured the impact of federal actions on shoring up the economy. here is a key quote from their report. we find that its effects on real gdp, jobs and inflation are huge and probably averted what could have been called depression 2.0. when all is said and done the financial and fiscal policies would have cost taxpayers a substantial sum but not nearly as much as most had feared and not nearly as much as policymakers have not acted at all. the comprehensive policy response saved the economy from another depression, we estimate they were well worth their cost. the next chart shows their estimate of the number of jobs we would have had without federal response. it shows we would have had 8.1 million fewer jobs in the second quarter of 2010 if we had not had the federal response. we see a similar picture in the unemployment rate. according to doctors and the and doctor blinder's findings we did not have the federal resp

dr. mark zandi who was an adviser to the mccain presidential campaign, and dr. alan blinder, former vice chairman of the federal reserve, completed a study last year that measured the impact of federal actions on shoring up the economy. here is a key quote from their report. we find that its effects on real gdp, jobs and inflation are huge and probably averted what could have been called depression 2.0. when all is said and done, the financial and fiscal policies will have cost taxpayers a substantial sum, but not nearly as much as most had feared and not nearly as much as if policymakers had not acted at all. if comprehensive policy responses saved the economy from another depression as we estimate, they were well worth their cost. this next chart shows dr. zandi and dr. blinderrers estimate of the number of jobs we would have had without the federal response. it shows that we would have had 8.1 million fewer jobs in the second quarter of 2010 if we had not had the federal response. we see a similar picture in the unemployment rate. according to dr. zandi and d

dr. mark zandy and dr. alan blinder, former vice chairman of the federal reserve, completed a study last year that measured the impact of federal actions in shoring up the economy. here is the key quote from their report. we find that its effects on real gdp growth are huge and could have averted what could be called depression 2.0. it will have cost taxpayers a substantial sum, but not nearly as much as most had feared and not nearly as much as policymakers -- as if policymakers had not acted at all. the comprehensive policies repulse the response saved the economy from another recession, and we estimate that were well worth their cost. this next chart shows the estimate of the number of jobs we would have had without the federal response. it shows that we would have had 8.1 million fewer jobs in the second quarter of 2010 if we had not had the federal response. we see a similar picture in the unemployment rate. according to dr. zandy and dr. blinder's findings, the unemployment rate would have been 15% in