You are here

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.

Yesterday, the Congressional Budget Office released its quarterly report on the Recovery Act, revising its impact estimates upward.  According to the analysis, in the first quarter of 2010, the Recovery Act:

  • Raised the level of real (inflation-adjusted) gross domestic product (GDP) by between 1.7 percent and 4.2 percent;
  • Lowered the unemployment rate by between 0.7 percentage points and 1.5 percentage points; and
  • Increased the number of people employed by between 1.2 million and 2.8 million.

Additionally, CBO projects the Recovery Act will be responsible for as many 3.7 million jobs by the end of September. (Ohio) - Canton to hire 75 for summer jobs program [DISTRICT MENTIONED: John Boccieri (OH-16)]

A federally funded summer-jobs program is expected to employ 75 teenagers and young adults in city government work.

The program is open to ages 18 to 24 as long as the applicants are city residents and meet Temporary Assistance for Needy Families poverty guidelines…

The city is receiving roughly $250,000 in federal stimulus funding for the program. [5/25/10]

Honolulu Star Bulletin (Hawaii) - Summer Youth Employment Program attracts 1,200

More than 1,200 people have signed up throughout Hawaii for the Summer Youth Employment Program.

It provides young people, ages 14 through 23, job opportunities in government and nonprofit agencies…

The state Department of Human Services is financing the program using Temporary Assistance for Needy Families federal stimulus funds. [5/25/10]

Fairfax County Times (Virginia) - Federal funds keep homeless programs afloat[DISTRICTS MENTIONED: Jim Moran (VA-8), Gerry Connolly (VA-11), and R-Frank Wolf (VA-10): Voted NO on Recovery Act]

An annual count of the homeless population, completed in January, showed a nearly 11 percent decrease in the county's homeless population this year from the same time in 2009.

Dean Klein, director of the county's Office to Prevent and End Homelessness, credits new approaches included in the county's 10-year plan to end homelessness, such as the Housing Opportunities Support Teams, with preventing hundreds of families from entering the county's shelter system and helping people return to stable housing sooner.

The HOST program was conceived as part of the county's 10-year plan to end homelessness but did not have funding until the county received $2.4 million from the U.S. Department of Housing and Urban Development. The money was part of the American Recovery and Reinvestment Act.

'A lot of the success is because we have federal stimulus money,' said Pamela Michell, executive director of New Hope Housing, one of the nonprofits helping to administer the HOST program. 'If we don't have the money to provide the rent subsidy, then our hands are tied. It also made it happen more quickly.' [5/25/10]

The Greenville News (South Carolina) - WorkLink recruiting for training program [DISTRICT MENTIONED: R- J. Gresham Barrett (SC-3): Voted NO on Recovery Act]

WorkLink, an organization that helps employers and potential employees connect, is accepting applications for two training programs -- one for young people and the other for existing employees.

A summer youth employment program, administered by WorkLink Workforce Investment Board and Palmetto Youth Connections, will take applications on a first-come, first-served basis for the program through June 15. The program will serve 75 young people in the tri-county area.

Funding for the work-readiness/soft skills classes and work experience for young people aged 17 through 24 is through the American Recovery and Reinvestment Act. [5/26/10]

Other Headlines: