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The American Recovery and Reinvestment Act is the agenda President Obama laid out over the last two years and Americans embraced at the polls.
Chairman Waxman, in his opening statement, explains the troubling findings by the Energy and Commerce investigation:
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Read prepared testimony (.pdfs):
Read Chairman Bernanke's prepared testimony>>
Bloomberg on the hearing:
(Click chart for larger image)
MYTH:
House Republicans claim their bill creates 6.2 million jobs (The basis of these numbers, they claim, is a methodology established by Christina Romer, Chair of President Obama's Council of Economic Advisers)
FACTS:
A new Economic Policy Institute study finds within two years: