The president spoke about the effects of the stimulus bill on the U.S. economy Wednesday.
Washington (WiredPRNews.com) – President Barack Obama credited the stimulus law enacted a year ago with saving millions of jobs as he spoke about its impact on Wednesday. As reported by the Associated Press (AP), Obama proposed the $787 billion American Recovery and Reinvestment Act aided in warding off another depression in discussing the measure on the anniversary of its enactment.
Obama is quoted by the AP as stating that although to millions who are still out of work “It doesn’t yet feel like much of a recovery… One year later, it is largely thanks to the recovery act that a second depression is no longer a possibility.”
Obama is further quoted as stating of the implementation of the bill with the assistance of Vice President Joe Biden and other administrative aides, “There has never been a program of this scale, moved at this speed, that has been enacted as effectively and as transparently as the recovery act… This team has done an outstanding job.”
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