White House: Stimulus Bill Was Good for Economy - KTVN Channel 2 - Reno Tahoe News Weather, Video -

White House: Stimulus Bill Was Good for Economy

Posted: Updated:

The White House says a costly spending bill President Barack Obama signed into law five years ago Monday was good for the economy and helped the U.S. avoid another Great Depression.
 
Republicans are taking a dimmer view, arguing that the $787 billion economic stimulus bill amounted to too much spending for too few results.
 
The White House says in a new report that the bill, among other things, saved or created an average of 1.6 million jobs a year between 2009 and 2012.

Obama signed the massive spending bill a few weeks into the job to help the economy recover from its worst downturn in a generation. 
 
Republican House Speaker John Boehner of Ohio says too many Americans are still asking "Where are the jobs?" the administration promised.   (AP)  

  • Most Popular StoriesMost Popular StoriesMore>>

  • Woman Dies at Burning Man

    Woman Dies at Burning Man

    Thursday, August 28 2014 4:28 PM EDT2014-08-28 20:28:49 GMT
    An early morning incident has left one woman dead at the Burning Man festival in Nevada's Black Rock Desert.More >>
    An early morning incident has left one woman dead at the Burning Man festival in Nevada's Black Rock Desert.More >>
  • 2 Injured in Helicopter Crash

    2 Injured in Helicopter Crash

    Thursday, August 28 2014 3:29 PM EDT2014-08-28 19:29:38 GMT
    The Douglas County Sheriff's Office reports that two people have suffered minor injuries in a helicopter crash on Wednesday, August 27th.More >>
    The Douglas County Sheriff's Office reports that two people have suffered minor injuries in a helicopter crash on Wednesday, August 27th.More >>
  • Spider Season is Here, More Black Widows Are Near

    Spider Season is Here, More Black Widows Are Near

    Wednesday, August 27 2014 9:16 PM EDT2014-08-28 01:16:54 GMT
    Its spider season here in the Truckee Meadows… that means we're seeing a huge influx of black widows and other bugs outside right now. Spider season starts in early August and goes until late October and even early November. More >>
    Its spider season here in the Truckee Meadows… that means we're seeing a huge influx of black widows and other bugs outside right now. Spider season starts in early August and goes until late October and even early November. More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.