Blog Post

The President's Council of Economic Advisers (CEA) released its quarterly report on the impact of the Recovery Act today--finding that the legislation has saved or created as many as 3.6 million jobs so far. They also found that more than 10 percent of the Recovery Act funds have leveraged significant private investment, with each dollar leveraging three dollars in private investment:

In a new Washington Post/ABC News poll released today, more than 6 in 10 Americans (62%) support Congressional action to extend unemployment benefits for jobless workers.

On July 1st, the House passed the Restoration of Emergency Unemployment Compensation Act to restore and extend emergency unemployment benefits through November 30th. These benefits not only are a much-needed lifeline for jobless Americans and their families, they also provide a proven boost to our struggling economy.

The National HIV/AIDS Strategy represents the nation's first comprehensive plan to reduce the impact of HIV/AIDS in this country. The strategy sets specific targets and provides detailed implementation information on the steps we must take to increase access to high quality HIV/AIDS care and treatment, decrease new HIV infections, and reduce HIV-related health disparities.

This targeted approach focuses on more effective coordination of all federal efforts and more efficient use of federal resources.

Today, House Republican Whip Eric Cantor held a jobs fair at a Virginia high school with a number of private companies that are looking to hire. He denounced the Recovery Act claimed "government spending" doesn't create jobs, however the jobs fair he was hosting included several federal government agencies and companies that received over $52 million in Recovery Act funding to create jobs. Think Progress interviewed Rep. Cantor, who explained:

On July 1st, the House passed urgently-needed legislation to extend unemployment benefits for millions of American families--a proven boost to the economy and a much-needed lifeline for Americans looking for work in a tough economy. Senate Republicans continue to obstruct the legislation.

As the Washington Post wrote in an editorial this morning:

On March 4th, the House passed the Hiring Incentives to Restore Employment (HIRE) Act by a vote of 217-201 to encourage employers to hire workers who were previously unemployed or only working part time. The President signed the legislation into law on March 18th. The bill provides:

In every generation, America sends our sons and daughters to distant shores to fight on behalf of our freedom, our values, and our safety and security. Their sacrifice is a source of pride for our nation; their service is a source of inspiration to us all. We owe our deepest debt of gratitude to those who give their lives for our country; and we must do everything in our power to care for those who return safely home.

Today at the University of Nevada, Las Vegas, President Obama spoke about our economic recovery: