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Go ToPapers
- -What Has the Stimulus Bill Done for Us? (Time.com)
"The American Recovery and Reinvestment Act of 2009 — President Obama's $787 billion stimulus — has been marketed as a jobs bill, and that's how it's been judged. The White House says it has saved or created about 3 million jobs, helping avoid a depression and end a recession. Republicans mock it as a Big Government boondoggle that has failed to prevent rampant unemployment despite a massive expansion of the deficit. Liberals complain that it wasn't massive enough."
"Yes, the stimulus has cut taxes for 95% of working Americans, bailed out every state, hustled record amounts of unemployment benefits and other aid to struggling families and funded more than 100,000 projects to upgrade roads, subways, schools, airports, military bases and much more. But in the words of Vice President Joe Biden, Obama's effusive Recovery Act point man, 'Now the fun stuff starts!' The 'fun stuff,' about one-sixth of the total cost, is an all-out effort to exploit the crisis to make green energy, green building and green transportation real; launch green manufacturing industries; computerize a pen-and-paper health system; promote data-driven school reforms; and ramp up the research of the future. 'This is a chance to do something big, man!' Biden said during a 90-minute interview with TIME." 08-10
- Tracking Stimulus Spending (CNN News)
"The $862 billion economic stimulus package 'was never intended to save every job,' Obama said on Wednesday at the White House marking the anniversary of his signing the bill. 'Businesses are the true engine of growth (and) always will be. But during a recession ... what government can do is provide a temporary boost.' " 03-10
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