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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 -- doing the bidding of the special interests: Wall Street banks, credit card companies, Big Oil, and insurance companies - and getting rewarded by their corporate friends.
  • These extreme Republican economic and fiscal policies created the Bush Recession -- 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 address the major issues confronting our nation and take America in a New Direction - creating good American jobs, the lowest taxes in 60 years for the middle class and small businesses, closing tax loopholes that send jobs overseas, and building a strong new foundation for the American economy.

Las Vegas Sun (Nevada) - Report shows the Recovery Act is working, but more needs to be done [MEMBER MENTIONED: George Miller (CA-7)]

A report by the nonpartisan Congressional Budget Office released last week says the Recovery Act has had a significant effect on the economy, including lowering unemployment and increasing the nation's gross domestic product.

The CBO said the act, which has been much maligned by the right wing, has helped the economy every quarter since it took effect, and analysts expects that trend to continue.

Democratic Rep. George Miller of California, chairman of the House Education and Labor Committee, said the report makes it “clear that the Recovery Act was the right decision.”

“Before this Congress and President Obama took decisive action, our nation was losing more than 750,000 jobs a month,” he said. “It is clear that without the Recovery Act, our nation would be still dealing with an economic catastrophe caused by the financial scandals.” [6/1/10]

Boston Herald - Nancy Pelosi to visit Mass. to tout stimulus success[MEMBER MENTIONED: Nancy Pelosi (CA-8) and Ed Markey (MA-7)]

Democratic U.S. House Speaker Nancy Pelosi is planning to visit a Watertown-based battery manufacturer to highlight what she's calling one of the success stories behind the federal stimulus program.

Pelosi and U.S. Rep. Edward Markey are set to tour A123 Systems, which develops and manufactures advanced lithium-ion batteries and battery systems for plug-in hybrid and all-electric automobiles.

A123 Systems has received a $249 million federal stimulus grant through the Department of Energy to expand its manufacturing capacity in Michigan.

The company has also created 50 corporate and research and development jobs in Massachusetts in the past year. [6/2/10]

Martinsville Bulletin (Virginia) - Monogram Foods gets stimulus loans [MEMBER MENTIONED: Tom Perriello (VA-5)]

While visiting Monogram Snack Foods in Henry County on Tuesday, [Congressman Tom] Perriello announced that the company is receiving a $5.75 million guaranteed loan of stimulus funds through the U.S. Department of Agriculture's Rural Development program.

Amid recent economic troubles, loans are needed by “businesses that make a difference in the community,” said Perriello, D-Albemarle County.

Monogram employs about 250 people locally. [George] Roden [Vice President of Operations] said the company plans to expand its local work force as its business grows.

The number of new jobs created will depend on how much new business is achieved, but it is possible that more than 100 new jobs could be created in the coming months, he said. [6/2/10]

The Daily Sentinel (Ohio) - Program to fund $238K in summer jobs [DISTRICT MENTIONED: Charlie Wilson (OH-6)]

The Meigs County Department of Job and Family Services has received a $238,000 allocation of funds to provide qualifying youth, ages 14-24, with summer jobs.

…the program [is] funded by Temporary Assistance for Needy Families funds and federal stimulus money from the American Recovery and Reinvestment Act of which Ohio received $47 million.

Chris Shank, director of MCDJFS, said the jobs will offered in the public sector -- for example, the program has been made available to the county's five incorporated villages, the three school districts, Carleton School and Meigs Industries, the Athens-Meigs Educational Service Center and Meigs County office holders. Shank anticipates the program providing jobs for around 75-85 youth who qualify. [6/2/10]

WISC CBS-3 (Wisconsin) - Madison's First Stimulus Project Complete [DISTRICT MENTIONED: Tammy Baldwin (WI-2)]

Madison's first completed stimulus project bridges the gap for cyclists and pedestrians.

The Aberg Avenue pedestrian bridge is the first finished project in Madison funded by the American Recovery and Reinvestment Act.

“And it's not only important in terms of stimulating our economy and helping us beat the recession, but this is also an extremely important project for bikers and pedestrians in the city of Madison because it really makes a north-south connection that's incredibly important in our communities,” said Madison Mayor Dave Cieslewicz.

Officials said the Aberg bridge project helped to create 34 jobs. [6/1/10]

The Desert Sun (California) - Officials gather to break ground on new Palm Springs airport tower[MEMBER MENTIONED: R-Mary Bono Mack (CA-45): Voted NO on Recovery Act]

Local elected officials - including U.S. Sen. Barbara Boxer, U.S. Rep. Mary Bono Mack and Palm Springs Mayor Steve Pougnet - as well as U.S. Secretary of Transportation Ray LaHood and Federal Aviation Administration officials gathered at the Palm Springs International Airport to break ground Monday on a new 150-foot tower to replace the existing tower.

Officials said the new tower construction will cost $24.5 million, including $13.9 million in federal stimulus dollars…

Boxer said bipartisan support was 'crucial' to getting the new tower built. 'Without the economic recovery act, we would not be here today,' she said at the groundbreaking ceremony.

Construction of the tower is expected to create 150 jobs.

'We did something very important here for our community ... for safety ... for jobs,' Boxer said. [6/1/10]

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