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News About the American Recovery and Reinvestment Act

  • 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.

New York Times -In Study, 2 Economists Say Intervention Helped Avert a 2nd Depression

…the economists [Mark Zandi and Alan Blinder] argue that without the Wall Street bailout, the bank stress tests, the emergency lending and asset purchases by the Federal Reserve, and the Obama administration's fiscal stimulus program, the nation's gross domestic product would be about 6.5 percent lower this year.

In addition, there would be about 8.5 million fewer jobs, on top of the more than 8 million already lost; and the economy would be experiencing deflation, instead of low inflation. [7/28/10]

The Orange County Register (California) - Major freeway construction to begin

Construction gets under way soon on one of the largest construction projects in Orange County in recent years.

The $328-million West County Connectors project will directly connect car-pool lanes on the 405, 605, and the 22 freeway.

OCTA [Orange County Transportation Authority ] spokesman Joel Zlotnik said the project is expected to create more than 5,000 jobs.

'It's a big day for this region,' said Federal Highway Administrator Victor Mendez. 'This project in fact does represent everything that president Obama envisioned when he signed off on the American Recovery and Reinvestment Act...a lot of what we're looking for is to create jobs.'

The American Recovery and Reinvestment Act is contributing $50 million to the project. [7/26/10]

The Times Argus (Vermont) - Sanders: Stimulus funds had big impact in Vermont

In an effort to get a handle on the overall effect of the federal stimulus program on Vermont, U.S. Sen. Bernard Sanders' office has been working to get a rough idea of what the massive program meant in the Green Mountain State.

The end result is a survey of the dozens of programs in the $862 billion American Recovery and Reinvestment Act that could amount to as much as $1.3 billion - and perhaps 7,000 jobs by the report's estimate - for Vermont over a period stretching two years.

Among the many provisions in the stimulus package that affected Vermonters was a tax cut of $400 a year for two years, shared by as much as 95 percent of the state's residents, Sanders said.

“Almost everybody in the state of Vermont in one form or another has received a tax break,” he said. “If you are putting more money into the hands of working families, they are going to go out and spend that money. When you make that investment you are in a sense creating other jobs in your community. Almost everybody has benefited in one way or another.” [7/28/10]

SILive.com (New York) - Eltingville park-and ride gets 159 new spots

[MEMBER MENTIONED: Michael McMahon (NY-13)]

Officials yesterday cut the ribbon on 159 new parking spots at the Eltingville Transit Center, bringing the total at the busy facility up to 382.

'Hundreds of Staten Islanders a day will benefit from it,' said Rep. Michael McMahon (D-Staten Island/Brooklyn), who was joined at the center by state Department of Transportation (DOT) officials and borough lawmakers.

The $2.3 million expansion, begun last October, was the first transportation project under the American Recovery and Reinvestment Act to break ground in the city, and the second to be completed, according to Phillip Eng, regional director for the state DOT.

…15,000 hours of work had been put in by contractors, including those working for DiFazio Industries, at the site.

'It's about making jobs, and making it easier for people to get to their jobs,' said McMahon. [7/27/10]

LancasterOnline.com (Pennsylvania) - Government wage-subsidy program putting county residents on the job

[DISTRICT MENTIONED: R-Joe Pitts (PA-16): Voted NO on Recovery Act]

…many employers have signed up for Pennsylvania's Way to Work program…

'It's an incredible deal,' said Scott Sheely, director of Lancaster County Workforce Investment Board, who oversees the short-term, $800,000 federal stimulus program here.

So far, more than 70 employers in Lancaster County have hired about 100 workers through the program. [7/27/10]

KTVO ABC-3 (Missouri/Iowa) - Work continues at Job Corps in Ottumwa

[DISTRICT MENTIONED: Dave Loebsack (IA-2)]

On Tuesday, KTVO stopped by the construction site of the new Job Corps Center near the Ottumwa Airport.

Since U.S. Secretary of Labor Hilda Solis visited Ottumwa for the groundbreaking last August, the Job Corps campus now has eight buildings over 27 acres of ground. Included in these buildings are classrooms, a recreation center and dormitories.

'They'll employ about 150 full-time and part-time people. They'll serve, at this stage, probably somewhere around 400 students. So it's going to be quite a game-changer,' Supervisor Kenning said.

In 2009, U.S. Senator Tom Harkin (D-Iowa) announced that he was able to secure more than $25 million from the American Recovery and Reinvestment Act for the Job Corps Center. [7/27/10]

CNN - Biden touts stimulus spending at Grand Canyon

Vice President Joe Biden visited Grand Canyon National Park on Tuesday to check in on construction and maintenance projects being funded by stimulus money meant to help kick-start a struggling economy.

About $25 million in Recovery Act funding was tagged for projects in Yellowstone and Grand Canyon parks, where 1,000 people have been put to work on 17 projects, according to the White House. [7/27/10]

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