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Economic Stimulus

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Pres. Obama Remarks on the Economy
Pres. Obama Remarks on the Economy
The President marked the 10,000th road project funded by Recovery Act in Columbus, Ohio. According to the White House, this road improvement project in downtown Columbus is expected to create over 300 construction jobs. This event was part of the Administration’s “Recovery Summer” effort, a six-week-long focus on new stimulus infrastructure projects that will be underway nationwide in the coming months. House Minority Leader John Boehner said the President to came to Ohio to “tout a ‘stimulus’ that is failing to meet his promises by every reasonable standard.”
Friday, June 18, 2010 : Columbus, OH : 15 min.
watch Pres. Obama in Columbus    read House Min. Ldr. Boehner (R-OH) Response
Vice Pres. Biden Releases Recovery Act Summer Report
Vice Pres. Biden Releases Recovery Act Summer Report
During the White House press briefing, Vice President Joe Biden released the report, “Summer of Recovery: Project Activity Increases in Summer 2010.” The report details the surge of jobs created by the new Recovery Act-funded infrastructure projects. Current estimates target that 3.5 million jobs will be created by the end of 2010.
Thursday, June 17, 2010 : Washington, DC : 1 hr. 13 min.
watch VP Biden Remarks    read Summer of Recovery Report    read Summer of Recovery PowerPoint
House Budget Hearing with Fed Chairman Bernanke
House Budget Hearing with Fed Chairman Bernanke
Federal Reserve Chairman Ben Bernanke told the House Budget Committee that he expects the U.S. economy to continue to grow through 2011, but he also warned that federal spending is on an unsustainable long-term path. His testimony comes as House Democrats begin debate on whether they should pass more stimulus spending to sustain an economic recovery or pay more attention to growing deficits.
Wednesday, June 9, 2010 : Washington, DC : 2 hr. 11 min.
watch House Budget Hearing    read Chair. Bernanke's Prepared Testimony    visit C-SPAN's Economic Resources Page
read NYT: Bernanke Warns of Federal Deficit
OMB Director Peter Orszag Address at the Center for American Progress
OMB Director Peter Orszag Address at the Center for American Progress
CBO Director Peter Orszag applauded the federal government’s implementation of the Recovery Act and credited Vice President Joe Biden as the driving force behind the effort. Making the case that the stimulus has helped to revive economic growth, Orszag cited the “the largest one-year swing in GDP growth in three decades” from an average GDP decline of 5.9 percent at the end of 2008 to 4.3 percent a year later.
Tuesday, June 8, 2010 : Washington, DC
read Full Transcript
Pres. Obama Remarks on the Economy
Pres. Obama Remarks on the Economy
During remarks at Carnegie Mellon University, President Obama noted the Recovery Act’s impact on the economy, citing an estimated 720,000 clean energy jobs that will be created by 2012 from tax credits and loan guarantees in the economic stimulus law. Carnegie Mellon Economist Allan Meltzer responded to the President’s speech: “the huge stimulus spending has done little to reduce unemployment. Long-term unemployment has never been higher in the past 60 years.”
Wednesday, June 2, 2010 : Pittsburgh, PA : 43 min.
watch Pres. Obama on Economy    read Transcript of Pres. Obama's Remarks    read GOP Boehner & Allan Meltzer Statement
VP Biden Statement on CBO Report
VP Biden Statement on CBO Report
In a newly released report, the Congressional Budget Office (CBO) attributed the American Recovery and Reinvestment Act with creating or saving up to 2.8 million jobs this year. The report also noted that without the stimulus measure, the unemployment rate could be as high as 11 percent. Vice President Joe Biden said the report “is further confirmation that the Recovery Act is a driving force behind recent economic growth.”
Wednesday, May 26, 2010 : Washington, DC
read VP Biden's Statement    read CBO Report
Vice Pres. Biden Announces Energy Research Projects in Recovery Act Meeting
Vice Pres. Biden Announces Energy Research Projects in Recovery Act Meeting
Vice President Biden made remarks at a Recovery Act Implementation meeting in the Eisenhower Executive Office Building. He and Secretary of Energy Steven Chu announce the launch of 37 energy projects, which are being awarded $106 million through the DOE’s Advanced Research Projects Agency-Energy and the Recovery Act. In his remarks, Vice President Biden said the projects have "the potential to dramatically transform how we use energy in this country."
Thursday, April 29, 2010 : Washington, DC : 17 min.
watch VP Biden Remarks    read WH Press Release on Projects
U.S. House Passage of the Improper Payments Elimination and Recovery Act
U.S. House Passage of the Improper Payments Elimination and Recovery Act
Today, the Improper Payments Elimination and Recovery Act (HR 3393) was passed by the U.S. House in a voice vote. The bill establishes greater oversight on federal overpayments of stimulus funds and more authority to recover the funds. In a statement on the bill's passage, Pres. Obama said "the House took another critical step toward increased fiscal responsibility."
Wednesday, April 28, 2010 : Washington, DC
watch House Floor Debate of HR 3393    read HR 3393    read President Obama Statement
Senate Small Business Cmte. Hearing on Expanding Small Business Internet Access
Senate Small Business Cmte. Hearing on Expanding Small Business Internet Access
Federal officials, local leaders and labor organizations provided an update on efforts to expand broadband access to small businesses at a Senate Small Business Cmte. hearing. The FCC's National Broadband Plan, mandated by the Recovery Act, provided $7.2 billion for broadband access in rural and underserved areas and to benefit small businesses and their customers.
Tuesday, April 27, 2010 : Washington, DC : 2 hr. 13 min.
watch Hearing on Expanding Small Business Broadband
Senate Commerce Cmte. Hearing on National Broadband Plan
Senate Commerce Cmte. Hearing on National Broadband Plan
Sen. John Rockefeller (D-WV) held a Senate Commerce hearing to explore the National Broadband Plan, which was released on March 17 by the Federal Communications Commission (FCC). FCC Chairman Julius Genachowski discussed the broadband plan itself and the general scope of FCC authority over Internet and broadband.
Wednesday, April 14, 2010 : Washington, DC : 2 hr. 4 min.
watch Senate Broadband Hearing
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