Recovery by the Numbers--The Recovery Act at One Year (Whitehouse.gov)
One year in, the Recovery Act is at work across the country creating jobs and driving economic growth. From major highway projects to green retrofits of military facilities and manufacturing of advanced batteries, more than 55,000 projects across the country have now been funded through the Recovery Act.
This is in addition to the nearly $120 billion in tax relief already provided to American families and businesses--with more to come this year--and the billions of dollars in relief provided to shore up state and local government programs like Medicaid and education facing severe budget shortfalls.
This is what it looks like, by the numbers:
- CBO: According to the nonpartisan Congressional Budget Office (CBO), the Recovery Act is already responsible for as many as 2.4 million jobs through the end of 2009.
- CEA, Other Private Forecasters: Analysis by the Council of Economic Advisers also found that the Recovery Act is responsible for about 2 million jobs--a figure in line with estimates from private forecasters like IHS Global, Moody’s Economy and even the conservative American Enterprise Institute.