1776 Coalition :: One year later, stimulus has mixed record

One year later, stimulus has mixed record

February 17, 2010

By: Stephen Dinan, Washingtontimes.com

A year after it became law, the stimulus package costs more than promised, has failed to keep down the unemployment rate and has faced charges of waste and abuse.

But the federal spending – all of it borrowed – has helped many states avoid painful budget cuts to their education and public safety budgets, and according to official estimates has helped the gross domestic product grow faster than it would have otherwise.

With health care stalled, his plans to address climate change on hold and spending ballooning, President Obama on Wednesday will mark the first anniversary of what’s formally known as the American Recovery and Reinvestment Act by inviting to the White House people who have benefited from the money. And he’s deploying his top aides to crisscross the country and highlight projects that have helped people and produced jobs.

To continue reading: http://washingtontimes.com/news/2010/feb/17/one-year-later-stimulus-has-mixed-record/

No comments yet - you can be the first!

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.