Obama says stimulus bill saved troubled economy - Spokane, North Idaho News & Weather KHQ.com

Obama says stimulus bill saved troubled economy

  • Also on KHQ.comMore>>

  • Fed: Unemployment will stay high over next 2 years

    Fed: Unemployment will stay high over next 2 years

    President Barack Obama talks with Federal Reserve Chief, Ben BernankePresident Barack Obama talks with Federal Reserve Chief, Ben Bernanke
    WASHINGTON. - The Federal Reserve predicts unemployment will stay high over the next two years because recession-scarred Americans are likely to stay cautious making for only a moderate-paced economic recovery.>>
    WASHINGTON. - The Federal Reserve predicts unemployment will stay high over the next two years because recession-scarred Americans are likely to stay cautious making for only a moderate-paced economic recovery.>>
  • No unemployment impact from road and bridge spending

    No unemployment impact from road and bridge spending

    WASHINGTON. - An Associated Press analysis finds that spending on roads and bridges under the stimulus plan has had no effect on local unemployment and the boost to the construction industry has been minimal.>>
    WASHINGTON. - An Associated Press analysis finds that spending on roads and bridges under the stimulus plan has had no effect on local unemployment and the boost to the construction industry has been minimal.>>

















(President Obama signed the American Recovery and
Reinvestment Act into law in Denver Colorado, Feb. 17 2009)


WASHINGTON. - President Barack Obama says the emergency legislation he signed a year ago to help the struggling economy has saved at least 2 million jobs and avoided a deeper recession.
     
Speaking on the first anniversary of the American Recovery and Investment Act, Obama said that embracing the $787 billion measure"wasn't a politically easy decision," but said he had no choice.
     
He conceded that too many people still are in need of work and many more are struggling to pay bills. But Obama also chided critics.

He said that many of the same lawmakers who assailed the stimulus bill "showed up at ribbon-cutting ceremonies in their districts."

Obama also acknowledged that current economic conditions don't "feel much like a recovery" to those who are still hurting.

Salazar in Seattle to tout stimulus projects

Interior Secretary Ken Salazar traveled to Seattle Wednesday for a news conference with Gov. Chris Gregoire about Recovery Act projects in Washington.
     
A statement from the White House said more than $6.3 billion in recovery funds has been made available in Washington and more than $3.4 billion has been spent. The Council of Economic Advisers estimates 45,000 jobs were created or saved in 2009 in the state by the act.
     
Investments include $755 million on 262 transportation projects and $606 million in small business loans.
     
Republican Rep. Dave Reichert, whose district includes Mercer Island and Bellevue, called the Recovery Act a failure that put too much money into the hands of bureaucrats instead of taxpayers.


Washington state is administering the American Recovery and Reinvestment Act investments with an unprecedented level of transparency and accountability. Governor Gregoire created a new Web site, www.recovery.wa.gov, so every Washingtonian can see where tax dollars are going and hold government accountable for the results. Visit the main American Recovery and Reinvestment Act here: http://www.recovery.gov/.

 

  • Most Popular StoriesMost Popular StoriesMore>>

  • Woman killed, 3 teens ejected in I-90 rollover crash

    Woman killed, 3 teens ejected in I-90 rollover crash

    Sunday, July 22 2018 4:36 PM EDT2018-07-22 20:36:13 GMT

    PARK CITY, Mont. (AP) - Montana authorities say a woman died and four other people were hurt when their SUV rolled over on a highway. The Billings Gazette reports that a 39-year-old woman from North Dakota was killed in Sunday morning's crash, which closed Interstate 90 near Park City for about an hour. Montana Highway Patrol Capt. Keith Edgell says a man driving eastbound apparently lost control of the Chevrolet SUV, swerving off the road.

    >>

    PARK CITY, Mont. (AP) - Montana authorities say a woman died and four other people were hurt when their SUV rolled over on a highway. The Billings Gazette reports that a 39-year-old woman from North Dakota was killed in Sunday morning's crash, which closed Interstate 90 near Park City for about an hour. Montana Highway Patrol Capt. Keith Edgell says a man driving eastbound apparently lost control of the Chevrolet SUV, swerving off the road.

    >>
  • Employees attack, subdue would-be robber armed with box cutter

    Employees attack, subdue would-be robber armed with box cutter

    Tuesday, July 17 2018 12:10 AM EDT2018-07-17 04:10:47 GMT

    TUCSON, Ariz. - A man armed with a box cutter got more than he bargained for when he tried to rob a Tucson, Arizona, restaurant last week.  Security shows the man, identified as 20-year-old Jerry Evans Madril, enter the Mi Nidito restaurant and demand money from employees. But the workers weren't having any of it.  At least six workers attacked Madril.

    >>

    TUCSON, Ariz. - A man armed with a box cutter got more than he bargained for when he tried to rob a Tucson, Arizona, restaurant last week.  Security shows the man, identified as 20-year-old Jerry Evans Madril, enter the Mi Nidito restaurant and demand money from employees. But the workers weren't having any of it.  At least six workers attacked Madril.

    >>
  • 22-year-old Sandpoint man dies in Clayton 395 crash

    22-year-old Sandpoint man dies in Clayton 395 crash

    Saturday, July 21 2018 1:58 AM EDT2018-07-21 05:58:53 GMT

    STEVENS COUNTY, Wash. - Washington State Patrols responded to a fatal crash in Stevens County Friday evening. On SR-395 in Clayton near Mile Post 185, a vehicle crossed the center line and crashed head on with another car, killing the driver. The causing driver who was transported to the hospital is in custody for vehicular homicide. There were no other occupants of either vehicle. 

    >>

    STEVENS COUNTY, Wash. - Washington State Patrols responded to a fatal crash in Stevens County Friday evening. On SR-395 in Clayton near Mile Post 185, a vehicle crossed the center line and crashed head on with another car, killing the driver. The causing driver who was transported to the hospital is in custody for vehicular homicide. There were no other occupants of either vehicle. 

    >>
HD DOPPLER 6i
/