red states rule
07-27-2009, 07:10 AM
Considering the "stimulus" bill is in reality the "pork-ulous" bill, I am not surprised that it has not helped AND was never intended to help in the short or long term but just a humongous payoff to all of Obama's supporters and contibutors.
Should They Have Called It The 'Stabilization' Act?
Turns out the $787 billion "American Recovery and Reinvestment Act" (AARA) was not designed for full economic recovery, but rather to "stabilize" the downturn. That's the word from White House officials today, who held off-camera briefings with reporters on how the AARA is working so far.
"This legislation was designed to cushion the downturn," said White House Press Secretary Robert Gibbs. "That's why we have always talked about this as one function of economic recovery."
When pressed about the change in terminology, Gibbs said he was not trying to temper expectations after the fact. "I can probably find 15 or 20 occasions when I said this in the lead up," Gibbs said, explaining that he had always defined the AARA as part of a "multi-legged stool."
Senior Economic Adviser Jared Bernstein said that the economy is improving -- or at least getting "less bad." And he said, that's a good thing.
http://blogs.abcnews.com/politicalpunch/2009/07/should-they-have-called-it-the-stabilization-act.html
Should They Have Called It The 'Stabilization' Act?
Turns out the $787 billion "American Recovery and Reinvestment Act" (AARA) was not designed for full economic recovery, but rather to "stabilize" the downturn. That's the word from White House officials today, who held off-camera briefings with reporters on how the AARA is working so far.
"This legislation was designed to cushion the downturn," said White House Press Secretary Robert Gibbs. "That's why we have always talked about this as one function of economic recovery."
When pressed about the change in terminology, Gibbs said he was not trying to temper expectations after the fact. "I can probably find 15 or 20 occasions when I said this in the lead up," Gibbs said, explaining that he had always defined the AARA as part of a "multi-legged stool."
Senior Economic Adviser Jared Bernstein said that the economy is improving -- or at least getting "less bad." And he said, that's a good thing.
http://blogs.abcnews.com/politicalpunch/2009/07/should-they-have-called-it-the-stabilization-act.html