President Obama's Council of Economic Advisers has prepared an economic analysis of job creation if the federal government takes over the underutilized Thomson Correctional Center in Illinois for the purposes of housing detainees currently at Guantanamo Bay, as the Obama administration is strongly considering doing.
Over the first four years, the CEA assesment states, the facility would create 840 – 910 temporary jobs and 3,180 – 3,880 ongoing jobs, increasing local earnings by a cumulative $793 to $1,015 million.
"Approximately 80% of all of the jobs created by the facility will be held by people residing in Illinois, while people in Iowa will fill the remaining jobs," the study states. "These jobs could reduce the unemployment rate in Carroll County, Illinois, where Thomson is located, by 2 to 4 percentage points."
You can read the report HERE.
The report prompted one skeptic – Don Stewart, a spokesman for Senate Minority Leader Mitch McConnell, R-Kentucky — to say sarcastically that the estimate is from the CEA, "the same crowd who nailed the projection that the stimulus would keep the unemployment rate under 8 percent. I’m sure it will be right on target."