White House: Stimulus Bill Was Good For Economy

By: Associated Press Email
By: Associated Press Email

RANCHO MIRAGE, Calif. (AP) - The White House says a costly spending bill President Barack Obama signed into law five years ago Monday was good for the economy and helped the U.S. avoid another Great Depression.

Republicans are taking a dimmer view, arguing that the $787 billion economic stimulus bill amounted to too much spending for too few results.

The White House says in a new report that the bill, among other things, saved or created an average of 1.6 million jobs a year between 2009 and 2012.

Obama signed the massive spending bill a few weeks into the job to help the economy recover from its worst downturn in a generation.

Republican House Speaker John Boehner of Ohio says too many Americans are still asking "Where are the jobs?" the administration promised.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 245863581 - kolotv.com/a?a=245863581
Gray Television, Inc.