After Voting To Kill Recovery, 110 GOP Lawmakers Tout Its Success, Ask For More Money
Today marks the one year anniversary of President Obama signing into law the American Recovery and Reinvestment Act, better known as the stimulus. As the economy continued to crater after President Bush left office, Obama’s stimulus sought to provide tax cuts for 95% of working Americans, funds to buoy cash-strapped state governments, new construction and infrastructure projects, and other programs to create jobs, retrain workers, and promote economic activity throughout the country. In December, the Congressional Budget Office reported that the stimulus had successfully created up to 1.6 million jobs, and today, a report shows the Recovery Act will ultimately create 2.5 million jobs. Even the conservative American Enterprise Institute found that the stimulus had boosted the U.S. economy by 4 percent….read the rest here
