The American Recovery and Reinvestment Act of 2009 (ARRA) contains provisions that are intended to boost economic activity and employment in the U.S. Section 1512(e) of the law requires comment on reports filed by recipients of ARRA funding that detail the number of jobs funded through their activities. This report fulfills that requirement. It also provides estimates of ARRA's overall impact on employment and economic output in the 4th quarter of calendar year 2010. Those estimates -- which the report considers more comprehensive than the recipients' reports -- are based on evidence from similar policies enacted in the past and on the results of various economic models. Charts and tables. This is a print on demand report.
The American Recovery and Reinvestment Act of 2009 (ARRA) contains a variety of provisions intended to boost economic activity and employment in the U.S. Section 1512(e) of the law requires the author to comment on the reports filed by certain recipients of funding under ARRA that detail how many jobs were created or retained through funded activities. This report fulfills that requirement. It also provides estimates of ARRA¿s overall impact on employment and economic output in the second quarter of calendar year 2010. Those estimates are based on evidence from similar policies enacted in the past and on the results of various economic models. Charts and tables. This is a print on demand edition of an important, hard-to-find publication.
The American Recovery and Reinvestment Act of 2009 (ARRA) contains a variety of provisions intended to boost economic activity and employment in the United States. Section 1512(e) of the law requires the author to comment on the reports filed by certain recipients of funding under ARRA that detail how many jobs were created or retained through funded activities. This report fulfills that requirement. It also provides estimates of ARRA¿s overall impact on employment and economic output in the first quarter of calendar year 2010. Those estimates are based on evidence from similar policies enacted in the past and on the results of various economic models. Charts and tables.
This is a print on demand edition of a hard to find publication. As part of the unprecedented accountability and transparency provisions included in the American Recovery and Reinvestment Act of 2009, the Council of Economic Advisers is charged with providing to Congress quarterly reports on the effects of the Recovery Act on overall economic activity, and on employment in particular. This 4th report provides an assessment of the effects of the Act through the second quarter of 2010. Contents: Intro.; The Progress of Spending and Tax Reductions under the Recovery Act; Evidence of the Economic Impact of the Recovery Act; The Public Investment Provisions of the Recovery Act; Provisions of the Recovery Act That Leverage Other Spending; Conclusion; Appendix: Estimated Employment Effects by State.
In a riveting account based on new documents and interviews with more than 400 sources on both sides of the aisle, award-winning reporter Michael Grunwald reveals the vivid story behind President Obama’s $800 billion stimulus bill, one of the most important and least understood pieces of legislation in the history of the country. Grunwald’s meticulous reporting shows how the stimulus, though reviled on the right and the left, helped prevent a depression while jump-starting the president’s agenda for lasting change. As ambitious and far-reaching as FDR’s New Deal, the Recovery Act is a down payment on the nation’s economic and environmental future, the purest distillation of change in the Obama era. The stimulus has launched a transition to a clean-energy economy, doubled our renewable power, and financed unprecedented investments in energy efficiency, a smarter grid, electric cars, advanced biofuels, and green manufacturing. It is computerizing America’s pen-and-paper medical system. Its Race to the Top is the boldest education reform in U.S. history. It has put in place the biggest middle-class tax cuts in a generation, the largest research investments ever, and the most extensive infrastructure investments since Eisenhower’s interstate highway system. It includes the largest expansion of antipoverty programs since the Great Society, lifting millions of Americans above the poverty line, reducing homelessness, and modernizing unemployment insurance. Like the first New Deal, Obama’s stimulus has created legacies that last: the world’s largest wind and solar projects, a new battery industry, a fledgling high-speed rail network, and the world’s highest-speed Internet network. Michael Grunwald goes behind the scenes—sitting in on cabinet meetings, as well as recounting the secret strategy sessions where Republicans devised their resistance to Obama—to show how the stimulus was born, how it fueled a resurgence on the right, and how it is changing America. The New New Deal shatters the conventional Washington narrative and it will redefine the way Obama’s first term is perceived.
As President Obama's time in the White House draws to a close, this celebratory book documents his transformative accomplishments. Evidence indicates President Barack Obama has been tremendously successful and effective by objective measures. On economic indicators alone, he is credited with the longest streak of job growth in U.S. history, a two-thirds reduction in the federal budget deficit, and the rebounding of the stock market to record highs following the record lows of the recession under his predecessor. His victories have come against a backdrop of criticism and sometimes open defiance from conservatives, lack of cooperation in Congress, and racially tinged commentary in traditional and social media. Through it all, the President who campaigned on a slogan of 'Yes, We Can!' has persevered in his determination to make a difference and left an indelible mark on American politics and the world. Legacy is a commemoration of his eight years in the White House.
Author: United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Regulatory Affairs, Stimulus Oversight, and Government Spending
