The evidence is clear – and growing by the day – that the Recovery Act is working to cushion the greatest economic crisis since the Great Depression and lay a new foundation for economic growth. Public and private forecasters ranging from the Council of Economic Advisors to Moody’s Economy and IHS Global have said the Recovery Act was responsible for 2 million jobs or even more nationwide in the first year alone. These jobs have also laid the groundwork for a new clean energy economy, revitalized infrastructure and transportation, helped transform health information technology, and helped make America more competitive for generations to come.
And while the President will not be satisfied until he sees strong job growth, job losses one year in were a fraction of what they were before the Recovery Act was signed. Learn about the progress made through the latest blog posts, through the Vice President’s first annual report, through video from mayors representing towns and cities in every part of the country, and through a map highlighting just a tiny sample of the projects underway.