Page 7 - Stimulus Act News Today

So we are assuming hes going to wrap up. as soon as the president is ready, hes going to be talking about the one-year anniversary of the stimulus act being signed into law. weve been talking a lot about the recovery and reinvestment act. and the billions of dollars that americans have been receiving across the u.s., hoping to jump start the economy. lets listen in. >> thank you very much, please have a seat. thank you very much. thank you to blake and chuck and thank you to my outstanding vice ...

Thats whats possible in america. you can argue rightly that we havent made as much progress as we need to make when it comes to spurring job creation. thats part of the reason why the recovery act is on track to save or create another 1.5 million jobs in 2010. thats part of the reason why i expect congress to pass additional measures as quickly as possible that will help our small business owners create new jobs, give them more of an incentive to hire. but to those skeptics who refuse to believe...

Then we invested in new research in battery technology and supported the construction of 20 battery factories that will employ tens of thousands of americans. batteries that can make -- factories that can make enough batteries each year to power half a million plug-in hybrid vehicles. so as a result next year, next year, two years after the recovery act, the united states will have the capacity to produce nearly 20% of the worlds advanced batteries. from less than 2% to 20%. and well be able to ...

Because the recovery act made it possible. so our work is far from over, but we have rescued this economy from the worst of this crisis and slowly the new factories and research facilities and small businesses, the american people are rebuilding a better future and we will continue to support their efforts, we will leave our children an economy that is stronger and more prosperous than it was before. thank you very much, everybody. all right, the president of the united states one year after h...

Merits. and despite that, i was still concerned, joe and i were just talking in the back, when this thing passed, we said $787 billion, somewhere theres going to be some story of some money that ended up being misspent. $787 billion spent out over 18 months. thats a lot. thats a lot of money. and it is a testimony to vice president biden and his team that as joe puts it, the dog so far at least hasnt barked. this team has done an outstanding job overseeing the recovery act. it doesnt mean that e...

Ribbon-cutting ceremonies for projects in their districts. but if were honest, part of the controversy also is that despite the extraordinary work that has been done through the recovery act, millions of americans are still without jobs. millions more are struggling to make ends meet. so it doesnt yet feel like much of a recovery. and i understand that. thats why were going to continue to do everything in our power to turn this economy around. now, the truth is, the recovery act was never intend...

To keep their jobs as well as tens of thousands of cops and firefighters and first responders and correctional officers. and joe biden will tell you that not one of the 50 governors weve spoken to, democrat or republican, has failed to show appreciation for this relief. and i also have to tell you that i am concerned, because state budgets have not yet recovered, and youre now seeing a whole bunch of state and local governments who were able to put off layoffs last year as the recovery money is ...

Economy had shrunk by an astounding 6.4% in the first quarter of 2009. economists from across the political spectrum warned that if dramatic action was not taken to break the back of the recession, the united states could spiral into another depression. that was the backdrop against which i signed the american recovery and reinvestment act in denver with blake alongside. it certainly wasnt a politically easy decision to make for me or for the members of congress who supported it. lets face it, n...

Money into americas schools, regardless of their performance, we launched a national competition between states that only rewards success and reform. reform that raises student achievement and inspires to excel in math and science and turns around failing schools. failing schools that steal the future of too many young americans. were also making sure that our nation has an infrastructure thats built to compete in the 21st century. we now have projects in 31 states that are laying the ground for...

Airports. and today we announced funding for over 50 innovative transportation projects across america, everything from railroads to a new passenger terminal in t new orleans. these projects will put hundreds of thousands of americans to work. in many cases they already have. thats part of the reason that chuck is here today. hes the president of a construction company in pennsylvania. the recovery act will fund about a third of the work his paving company will do this year. thats allowed him to...