Page 13 - Stimulus Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

So we are assuming he's going to wrap up. as soon as the president is ready, he's going to be talking about the one-year anniversary of the stimulus act being signed into law. we've 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. let's 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 president and his extraordinary team that have done just a great job managing this program. i wa...

That's what's possible in america. you can argue rightly that we haven't made as much progress as we need to make when it comes to spurring job creation. that's part of the reason why the recovery act is on track to save or create another 1.5 million jobs in 2010. that's 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 the recovery act has done any good, who continue to insist that the bill didn't work, i'd ask ...

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 world's advanced batteries. from less than 2% to 20%. and we'll be able to make 40% of these advanced batteries by 2015. an entire new industry, because of the recovery act....

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 he signed the stimulus act into law. we've been talking so much about the recovery and reimbursement ...

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 there's going to be some story of some money that ended up being misspent. $787 billion spent out over 18 months. that's a lot. that's 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 hasn't barked. this team has done an outstanding job overseeing the recovery act. it doesn't mean that everything has been perfect, but when you think about the scope, the magnitude of this thing, th...