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Sunday, August 08, 2010

In your ear, Republican lies regarding Obama's economic policy

The Recovery Act wasn't a silver bullet, but it's very good policy. It cut taxes for 95% of working families to give them a leg up as they fight to get by. It invested in our nation's infrastructure and clean energy. it gave tax breaks to small businesses to help hire workers, and it helped out state and local governments -- including local police departments like the one in Englewood, Colorado. As many as 2.4 million Americans are working now who would otherwise be unemployed, and we're breaking the back of the recession.

In the three months prior to the Act, the nation lost 2.2 million jobs. The financial system was collapsing, and the "Great Recession" was being recognized for what it was -- the worst economic downturn since the Great Depression.

The success of the Recovery Act is composed of millions of stories of folks getting to work who wouldn't otherwise be in their jobs, families able to buy their first home because of the homeowner's tax credit, and much more.

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