2 Answers

The American Recovery and Reinvestment Act, or Recovery Act, signed into law on Feb. 17, 2009, provides $787 billion across the nation as a direct response to the economic crisis. The act has three immediate goals:

- Create new jobs as well as save existing ones.
- Spur economic activity and invest in long-term economic growth.
- Foster unprecedented levels of accountability and transparency in government spending.

In addition to offering financial aid, the Recovery Act is targeted at infrastructure development and enhancement. For instance, the Act plans investment in the domestic renewable energy industry and the weatherizing of 75 percent of federal buildings as well as more than one million private homes around the country. While many of Recovery Act projects are focused more immediately on jumpstarting the economy, others, especially those involving infrastructure improvements, are expected to contribute to economic growth for many years.

12 years ago. Rating: 1
Comment this answer Add new comment

its creating new jobs for the politicaly connected, neputism seems to bold well . there eleminiting jobs for the unskilled,its away around the unions, the must pay prevailing wage since its federal money.. how does this help the small mom and pop operations it dosent. its eleminating jobs more so than creating them JMO

12 years ago. Rating: 0
Comment this answer Add new comment