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

Obama says stimulus bill saved troubled economy

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(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/.

 

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