Monday, October 22, 2012

Recovery Act is the Number One Reason to Re-elect President Obama


The American Recovery and Reinvestment Act of 2009 rejuvenated plans for the Fulton Street Transit Center in lower Manhattan. The project is set for completion in June 2014. Photo credit: Josh Marks

Republicans keep falsely claiming President Obama’s $787 billion economic stimulus, officially known as the American Recovery and Reinvestment Act of 2009 (ARRA), was a massively wasteful failure. Right now the GOP is using all the money from their right-wing billionaire donors to inundate swing state voters with their anti-stimulus, pro-austerity message.

But in reality the stimulus is a smashing success. It is more than 50 percent bigger than Franklin D. Roosevelt’s New Deal and has begun to profoundly change the United States of America in ways many of us are just beginning to realize. The economic stimulus has kickstarted our transition to a 21st Century economy built to last. For example, $90 billion was pumped into the clean energy sector. To put that in perspective, a decade earlier President Clinton proposed a modest $6.3 billion clean energy initiative that was shot down. The Recovery Act is also one of the most transparent pieces of legislation in history. Contrary to the Republican lies, there is very little fraud or abuse associated with ARRA thanks to unprecedented levels of oversight. Click here to go to Recovery.gov and track how Recovery funds are being spent and report fraud, waste or abuse.