Economic Recovery on Track

For Immediate Release:

July 14, 2009

Contact:Katie Grant
Stephanie Lundberg
(202) 225 - 3130

Even before passage of the American Recovery and Reinvestment Act, President Obama cautioned Americans that economic recovery would take time. Since passage of the Recovery Act, the pace of job loss has eased substantially and the economy is no longer in a freefall. While there is still significant work to be done to restore our economy and bring relief to American families, economic experts agree that the recovery is working as designed and on track to meet its goals. Nearly a quarter of the recovery funds have been obligated in under a quarter of the days allotted.
 
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