Presidents and governors often take credit for all of the jobs “created” during their time in office (or are blamed for all of the jobs lost). Some factors under the joint control of legislative and executive branches do affect jobs. The Congressional Budget Office, for example, estimates that the stimulus package that was passed early in 2009 saved or created between 1.2 million and 3.3 million jobs. But most of the factors affecting jobs are not under a president’s control. Instead job creation is affected by such factors as the health of the world economy, the policies of the Federal Reserve, and innovation in the private sector.