Posted by
Defend America on Thursday, July 16, 2009 9:29:40 PM
Should They Have Called It The 'Stabilization' Act?
July 16, 2009 4:38 PM
ABC News' Yunji de Nies reports:
Turns out the $787 billion "American Recovery and Reinvestment Act"
(AARA) was not designed for full economic recovery, but rather to
"stabilize" the downturn. That's the word from White House officials
today, who held off-camera briefings with reporters on how the AARA is
working so far.
"This legislation was designed to cushion the downturn," said White
House Press Secretary Robert Gibbs. "That's why we have always talked
about this as one function of economic recovery."
http://blogs.abcnews.com/politicalpunch/2009/07/should-they-have-called-it-the-stabilization-act.html