Posted by
Defend America on Wednesday, February 17, 2010 6:06:59 PM
White House: Stimulus Had 'Undeniable' Impact on Economy
FOXNews.com
The
White House stood its ground on the impact of the economic stimulus
package Wednesday, arguing that the bill has given an "undeniable"
boost to the economy and that Republican critics are just playing
politics.
On the one-year anniversary of the bill's signing, President Obama
said the $787 billion package saved 2 million jobs and helped prevent a
"second depression." White House Press Secretary Robert Gibbs said that
while many Americans have soured to the program, the bill is working
and taxpayers will "absolutely" have a different outlook once it has
had its full effect.
Administration officials fanned out Wednesday to build the argument
that the reason unemployment is still at 9.7 percent on the stimulus
anniversary is because the jobs-building aspect of the program hasn't
yet come into full force.
Though the bill was originally pitched as a way to hold down
unemployment, top officials now say the first year was meant to grow
the overall economy while giving immediate relief to states and
taxpayers. They attributed growth in the U.S. economy in the latter
half of 2009 to the stimulus but said infrastructure spending in the
coming year should help complement that growth with more jobs.
http://www.foxnews.com/politics/2010/02/17/romer-suggests-best-stimulus-come-predicting-little-growth/