PDA

View Full Version : Biden: Stimulus doing more `than we had hoped'



red states rule
09-03-2009, 08:56 AM
Next time anyone sees ol' Joe, tell him I said thanks for the info. I wouldn't have known it was working without him letting me know.


Biden: Stimulus doing more `than we had hoped'

WASHINGTON (AP) - Trumpeting economic progress to a skeptical nation, Vice President Joe Biden says the massive government program intended to stimulate and reshape the economy is reaching and exceeding goals.

Nearly 200 days into the effort, Biden says it is more effective "than we had hoped."

Biden's upbeat report card, to be delivered Thursday in a speech at the Brookings Institution, comes as economists say the country is slowly breaking free of the most crippling recession in decades. Yet public angst is also deepening about the cost of government intervention, and millions of people remain out of work.

At the heart of President Barack Obama's agenda for an economic turnaround is the $787 billion package he signed into law on Feb. 17. The effectiveness of the two-year program is a matter of sharp political debate; Biden, the administration's point man on the issue, is aiming to show a restless public that results are tangible.

"Recovery act dollars are going farther and working harder than we anticipated," Biden said in excerpts released in advance by his office.

With Obama on vacation at the Camp David presidential retreat, the White House hopes Biden's message will get through on perhaps a quieter news day. Biden is up against a wary audience when he says "the recovery act is doing more, faster, more efficiently and more effectively than we had hoped."

http://apnews.myway.com/article/20090903/D9AFPMG01.html