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How the stimulus is changing America

The American Recovery and Reinvestment Act of 2009 — President Obama\'s $787 billion stimulus — has been marketed as a jobs bill, and that\'s how it\'s been...

Federal News Network Staff

August 27, 2010 2:51 pm

< a min read

The American Recovery and Reinvestment Act of 2009 – President Obama’s $787 billion stimulus – has been marketed as a jobs bill, and that’s how it’s been judged. TIME Magazine reports that the White House says it has saved or created about 3 million jobs, helping avoid a depression and end a recession. Republicans mock it as a Big Government boondoggle that has failed to prevent rampant unemployment despite a massive expansion of the deficit. Liberals complain that it wasn’t massive enough.

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