DECEMBER 2010 | FIG. 3. BUSH TAX CUTS: A STRATEGIC RETREAT PAYS OFF

Moody’s estimate of the boost in 2011 from the surprise elements of the tax cut extension — mostly the payroll tax cut and extended emergency jobless benefits.

Percent increase in GDP +1.1

Percent decrease in unemployment rate -1.2

Change since Dec. 2008

+354 ↑ S&P 500-stock index

-4.03m ↓ Payrolls

-20 points ↓ Obama approval

+7 points ↑ Consumer comfort

-34,000 ↓ Housing starts rate

DATA: MOODY’S

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