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News About the American Recovery and Reinvestment Act

  • Congressional Republicans support Wall Street banks, credit card companies, Big Oil, and insurance companies - the special interests that benefited from George Bush's policies and created the worst financial crisis since the Great Depression. A decade of Republican rule nearly doubled our national debt.  Why would we go back? 
  • Democrats in Congress are fighting to help small businesses create jobs here at home.  Democrats are taking America in a New Direction - creating good American jobs, providing the lowest taxes in 60 years for the middle class and small businesses, and closing tax loopholes that send jobs overseas.

Associated Press - New WH report claims more jobs from stimulus bill

A new White House report says last year's $862 billion stimulus law has now 'saved or created' between 2.5 million and 3.6 million jobs.

That's up from 2.2 million to 2.8 million in the last quarterly report from the White House Council of Economic Advisers.

Christina Romer, head of the council, says in congressional testimony prepared for Wednesday that every $1 from the stimulus bill is matched by $3 in private money.

She says the law 'appears to be stimulating private investment and job creation at a time when the economy needs it most.' [7/14/10]

The News Times (Connecticut) - Federal grant pays summer employment wages for low-income Danbury teens

[DISTRICT MENTIONED: Chris Murphy (CT-5)]

One of the bright spots in local teen employment is that Danbury was awarded a federally subsidized grant for the second straight year to pay for low-income youth to work during the summer.

The grant, authorized through the federal American Recovery Reinvestment Act, gives the city $92,000 to pay teenagers minimum wage for jobs that might not otherwise be available, according to the Danbury mayor's office.

Some of the 67 teens selected for the program that began Tuesday signed up with the Danbury Youth Employment Service to find jobs, said Tom Thomassen of Danbury Youth Services. [7/12/10]

Birmingham Business Journal (Alabama) - Alabama spends $2.1 billion of stimulus funds on projects

Alabama has received two-thirds of its allotted federal stimulus dollars and has spent nearly as much creating or retaining more than 11,800 jobs in the state.

According to the latest reports, Alabama has received more than $2.4 billion in funding from the American Recovery and Reinvestment Act… [7/13/10]

Mission Local (California) - Nancy Pelosi Visits Mission Nonprofit

[MEMBER MENTIONED: Speaker Nancy Pelosi (CA-8)]

[Speaker Nancy] Pelosi was at the center to raise support for Jobs Now, a program that gives federal stimulus money to local businesses and nonprofits to hire local residents. Since it was established in 2009, Jobs Now has employed more than 3,250 San Franciscans.

“It was a lifeline,” she [Barbara Walden] said. Now she is an executive assistant to the director of Mission Neighborhood Centers, which has gained 18 staffers through Jobs Now.

Under the program, 100 percent of an employee's wages are subsidized as long as the applicant is unemployed and has a dependent child. The employer remains responsible for regular payroll taxes and workers' compensation insurance.

In addition to the new staff members, Mission Neighborhood Centers has received $117,000 in stimulus funding for Head Start and its early-childhood education program. [7/12/10]

Toledo Blade (Ohio) - $9.7M released for South Toledo railyard expansion

[DISTRICT MENTIONED: Marcy Kaptur (OH-9)]

A state agency has given a green signal to a $12.3 million expansion of a Norfolk Southern Railway railyard in South Toledo, a project intended to boost the region's capacity for handling intermodal freight and generate hundreds of transportation-sector jobs.

The Ohio Rail Development Commission said Tuesday it had given notice to proceed on the project, thus releasing nearly $9.7 million in state and federal grants and loans to expand and reconfigure the Airline Junction Intermodal Terminal to improve capacity and reduce congestion.

The funding package includes a $6.5 million grant from the American Recovery and Reinvestment Act, $2.75 million from the Ohio Department of Development Logistics and Distribution Stimulus Loan Program, and $425,000 in rail development commission Safety Section funds.

A study released late in 2008 by a local task force predicted that expansion of the Airline Junction facility could generate 900 or more jobs[7/14/10]

The Baltimore Sun (Maryland) - Stimulus money reduces welfare backload in Maryland

[Tira] Jones was one of 100 workers hired by the state Department of Human Resources last year to address growing delays in processing of food benefits and medical services for low-income Marylanders.

The jobs initiative -- largely paid for with $250,000 in federal stimulus money -- appears to be meeting dual goals: Maryland's assistance backlog is shrinking, and Jones and her new colleagues who were once collecting welfare benefits now have full-time jobs and a chance at advancement.  [7/13/10]

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