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“After the stimulus act went into effect, the trajectory of the economy changed dramatically. Real GDP began to grow steadily starting in the third quarter of 2009 and private payroll employment has increased by nearly 600,000 since its low point in December 2009. The impact of the stimulus act increased substantially in the first quarter of 2010 and again in the second quarter and government investments in infrastructure, clean energy projects and technology increased by roughly 50 percent between the first six months of this year.”
– Fourth Quarterly Report on the Economic Impact of the Recovery Act, 7/14/2010
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