On the Road to Economic Recovery: One Year After the Recovery Act

Click here: http://www.youtube.com/watch?v=jWmUnU7HS-I&feature=channel

WASHINGTON, Feb. 18 /PRNewswire-USNewswire/ -- The following was released today by the Democratic National Committee:

Faced with daunting challenges over the past year, President Obama took strong and politically-difficult steps to rescue the country from a potential second Great Depression and to rebuild the economy for the long-term. In passing the American Recovery and Reinvestment Act into law during his first month in office, the President took these challenges head on – and with our economy is on the road to recovery, it is clear the Recovery Act has been essential for our communities.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080519/DNCLOGO)

Economists and independent entities agree: businesses and middle class families are reaping the benefits from the Recovery Act, including:

• As many as 2.4 million jobs created or saved through the end of 2009, according to the Congressional Budget Office.
• The GDP grew by 5.7 percent during the fourth quarter of 2009 – many economists say this is in large part due to the Recovery Act.
• Nearly 70 percent of the $499 billion in Recovery Act spending has been obligated to specific programs and projects so far, putting those dollars to work in communities across the country.
• Nearly $120 billion in tax relief has been provided for working families and businesses through the Recovery Act this year.

Click here: http://www.youtube.com/watch?v=jWmUnU7HS-I&feature=channel

President Obama is fully committed to encourage job growth – we have our work cut out, and there is much to be done. But there is reason to be optimistic.

Check out this video to learn more about the President's record on the economy, and to get a sense for what progress on the road to recovery in our communities has looked like over the past year.

SOURCE Democratic National Committee

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