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News About the American Recovery and Reinvestment Act

Congressional Republicans threaten to take us back to the failed policies that created the economic crisis -- siding with the special interests:  Wall Street banks, credit card companies, Big Oil, and insurance companies. These Bush economic and fiscal policies created the worst financial crisis since the Great Depression -- with job losses of nearly 800,000 a month -- and nearly doubled our national debt. Democrats in Congress will continue to take America in a New Direction, working to create American jobs and a strong new foundation for our economy, protecting Main Street and the middle class. 

On Friday, the Recovery Accountability and Transparency Board posted recipient reports that provided detailed information on a portion of Recovery Act activity during the first quarter of 2010.

“The recipients reporting on this $62 billion portion of the Recovery Act - about 15 percent of Recovery spending and tax relief to-date - tell us they funded about 675,000 workers last quarter with those dollars alone, making it the largest quarterly direct job impact ever reported by recipients of Recovery Act funds.  These reports, which provide a snapshot of just a portion of the job impact in the first quarter of this year, are yet another indication that the Recovery Act is a driving force behind the continued economic growth we are seeing and remains on-track to support 3.5 million jobs overall by the end of 2010,” [Vice President Joe Biden.] [4/30/10]

Honolulu Advertiser (Hawaii) - Stimulus brings 2,566 more jobs to Hawaii

Federal stimulus spending saved or created 2,566 jobs in Hawai'i during the first three months of this year…

During the first quarter, $218 million in stimulus money was spent in Hawai'i. There were 1,219 new and retained jobs attributed to state public education during that period.

The second-biggest job generator during the first quarter was a Maritime Administration drydock overhaul that created 109 jobs. Environmental Protection Agency drinking-water projects created another 61 jobs, according to Recovery.gov.

When jobs created indirectly by stimulus money are included, the total is much higher. In mid-April, the White House Council of Economic Advisers estimated that the stimulus program created a total of 11,000 direct and indirect jobs in Hawai'i in the first quarter. That was up from an estimated 8,000 total jobs the prior quarter. [5/3/10]

Oregon Public Broadcasting  - Stimulus Money Helps Bring Battery Maker To Portland [MEMBER MENTIONED: David Wu (OR-1)]

Swiss battery maker ReVolt Technology received a $5 million federal stimulus grant Thursday.

The money will help the company construct an electric car battery plant in Portland.

Oregon Congressman David Wu announced the grant. He said it only makes sense to build new car technology here in the U.S.

Wu worked in Congress to secure the funding. It's one of 37 grants the Department of Energy announced Thursday…The money is part of the federal stimulus package.

ReVolt Technology's new Portland factory is projected to employ 250 people. [4/30/10]

The Longmont Times Call (Colorado) - V.P. talks new energy at UQM [MEMBER MENTIONED: Betsy Markey (CO-4)]

Vice President Joe Biden says the federal stimulus package is paying off.

Biden spoke to a crowd of about 800 people Friday afternoon in the new UQM Technologies building -- a building the Frederick-based company bought in December with help from a $45 million federal stimulus grant.

Biden and Gov. Bill Ritter, U.S. Rep. Betsy Markey and U.S. Sen. Mark Udall spoke to a crowd of UQM employees and partners, local officials…

The money will allow UQM to produce at higher volumes and for lower costs, the vice president said. That means the company's electric motors will end up in more vehicles, which means more electric vehicles will be available to more buyers at more-reasonable prices. [5/1/10]

San Francisco Chronicle (California) - Chronicle coverage of Oakland stimulus spending [DISTRICT MENTIONED: Barbara Lee (CA-9)]

more than 1,000 young people got meaningful training and jobs, and earned more than $1.2 million in wages and fringe benefits. Subsidized by federal stimulus funds, this youth job program was the largest of its kind in Oakland in the last decade.

Young people were placed in summer jobs by 13 respected youth organizations. They worked at jobs in recycling, solar panel installation, retail, administrative support, recreation, digital media, Web development, performance art and auto repair as well as at day camps and nursing homes. [5/3/10]

Los Angeles Times (California) - L.A. County jobless program works for employers too

A little-known Los Angeles County jobs program is paying $10 an hour to several thousand workers at temporary jobs in businesses around Los Angeles, including hundreds of small firms.

Using federal economic stimulus funds, the county is hiring the jobless to work at these companies for up to a year.

So far, 435 businesses have gotten 2,574 temporary workers, county officials said.

The county's plan is to allocate up to $158 million in federal stimulus money to put 10,000 low-income people -- many on welfare -- into public, private and nonprofit jobs. Organizers hope the program will lead to permanent jobs or at least provide training and work experience for participants. [5/3/10]

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