President Obama - Washington Post Op-Ed: Rebuilding Something Better
Nearly six months ago, my administration took office amid the most severe economic downturn since the Great Depression. At the time, we were losing, on average, 700,000 jobs a month. And many feared that our financial system was on the verge of collapse.
The swift and aggressive action we took in those first few months has helped pull our financial system and our economy back from the brink.
The American Recovery and Reinvestment Act was not expected to restore the economy to full health on its own but to provide the boost necessary to stop the free fall. So far, it has done that. It was, from the start, a two-year program, and it will steadily save and create jobs as it ramps up over this summer and fall. We must let it work the way it's supposed to, with the understanding that in any recession, unemployment tends to recover more slowly than other measures of economic activity.
I am confident that the United States of America will weather this economic storm. But once we clear away the wreckage, the real question is what we will build in its place. Even as we rescue this economy from a full-blown crisis, I have insisted that we must rebuild it better than before. For if we do not seize this moment to confront the weaknesses that have plagued our economy for decades, we will consign ourselves and our children to future crises, sluggish growth, or both. [Read More]
White House - As Seen on CNN…Republican Recovery Act Claims Disputed
Last week, CNN ran a piece challenging John Boehner's comments that no federally funded economic recovery projects have started in his state of Ohio. The segment also included a Republican sheriff from Boehner's own district who two months ago received nearly $1 million in economic recovery funds and is using the money to keep correctional officers on staff. According to Sheriff Richard Jones, 'The stimulus is working for me here in Butler County because I am keeping my deputies and I am not having to lay them off.' [Read More]
Indianapolis Business Journal (Indiana) - Jobs trickling in from road stimulus
Federal stimulus money for Indiana highway projects so far has put to work 1,222 people with a payroll of $1.27 million, according to state records of 42 projects under way in which contractors have reported job data.
The early employment numbers suggest at least a short-term benefit for Indiana's struggling construction ranks as projects unfold.
Fort Wayne-based Brooks Construction Co. has 62 people working on stimulus-fueled road projects for the state.
“The lack of that money probably would mean those people wouldn't have been working, or not now employees. It's still a tough market out there,” said the firm's co-owner, Andy Brooks. [Read More]
The Boston Globe - Massachusetts to get $110m for housing
Massachusetts will receive $110 million in federal stimulus money to build nearly 1,100 affordable apartments during the next two years, jump-starting about 25 developments statewide that have been stalled because of the down economy.
State officials yesterday said the money, from two awards under the American Recovery and Reinvestment Act created by Congress in February, should add at least 1,400 construction jobs... [Read More]
Minnesota Public Radio - Stimulus money to buy buses for northeast Minnesota
Federal stimulus funds will soon help replace more than four dozen transit buses in northeast Minnesota, DFL Rep. Jim Oberstar announced this week.
The $7.4 million grant, part of the American Recovery and Reinvestment Act, will be used to replace a total of 51 buses that serve rural Minnesota communities, Oberstar said.
Oberstar said the new buses will stimulate many sectors of the economy. The busses will require steel and will be built and maintained in the U.S., he said.
'This is the type of investment that is creating and saving jobs across the country,' Oberstar said. [Read More]
Plainfield Sun (Illinois) - Health center gets ARRA funds
U.S. Rep. Debbie Halvorson, D-Crete, will visit the Will County Community Health Center…to present nearly $1 million in ARRA funding for health care and equipment needs, while helping to address the growing number of families utilizing the facility. [Read More]
Erie Times-News (Pennsylvania) - Stimulus to help EMTA buy new buses
The Erie Metropolitan Transit Authority has some extra bus money, thanks to the federal government.
U.S. Rep. Kathy Dahlkemper, of Erie, D-3rd Dist., said…the EMTA will receive $1.9 million in economic stimulus money to replace aging buses. The money will buy six new 40-foot, low-floor buses with security cameras.
Dahlkemper said in a written statement that the funding would upgrade Erie's bus system and help avoid 'difficult decisions about layoffs or service reductions during these difficult times.' [Read More]
The Albuquerque Journal (New Mexico) - New Mexico Gets Housing Stimulus Funds
More than $38 million in federal stimulus money will go toward affordable housing projects in New Mexico, the Treasury Department is to announce...
Several developers have applied to the New Mexico Finance Authority for funding to help with their stalled projects.
They include the construction of about 155 new units in three locations in Albuquerque and Santa Fe. These projects would create an estimated 335 construction jobs.
The applications also include the acquisition or rehabilitation of about 25 units, and construction of about 130 new units for families in Anthony and Hatch in southern New Mexico. These projects would create an estimated 330 jobs. [Read More]
The Journal Times (Wisconsin) - Editorial: Wait for facts before judging stimulus
[The President] and others have said that it's too soon to know whether the package passed in February is working, and we wholeheartedly agree.
It always requires patience while special programs take effect.
Anxiety is understandable with unemployment pushing ever upward and with Republicans encouraging that sentiment in a bid to regain power, but to borrow a phrase, what we now face is fear itself. The facts aren't in yet. [Read More]
The Charleston Daily Mail (West Virginia) - School stimulus jobs in the works
...The state will have $30 million to spend for school repairs starting July 23.
The money will fund renovations, roofing projects and new heating, ventilating and air conditioning units at 38 schools across the state.
Mark Manchin, the building authority's executive director, said contracts have already been signed so that construction can begin immediately on all the repair projects once the bond money arrives in late-July.
He said that by mid-August, people would be working as a result of the deal.
'You'll see people on roofs around the state of West Virginia within a week, 10 days of that,' Manchin said.
...The bonding capacity being used by the building authority takes advantage of a part of the stimulus package that uses the federal tax code to entice investors…to put money into public projects. The company is being given a federal tax credit for not charging the state interest. [Read More]
Environmental Protection - 13 States to Get $45 M in Stimulus for UST Cleanup
The U.S. Environmental Protection Agency awarded more than $45 million in American Recovery and Reinvestment Act funding to 13 states to be used to assess and clean up underground petroleum leaks.
According to EPA, the money is part of $197 million appropriated to address leaking underground petroleum storage tanks. The funds will be used for assessment and cleanup oversight or directly paying for assessment and cleanup of leaks from federally regulated tanks where the responsible party is unknown, unwilling or unable to finance, or the cleanup is an emergency response. [Read More]
- Athens Messenger (Ohio) - First stimulus project under way
- Florida Today - Brevard gets $9M in road stimulus cash
- The Baltimore Sun (Maryland) - Maryland gets $44M for affordable housing projects
- The Ledger-Enquirer (Georgia) - Russell County bags $6 million for highway work
- The Salt Lake Tribune (Utah) - Stimulus money helps clean up leaky petroleum tanks