Joe Baca: “1 year ago last week, the President signed the Recovery Act, a comprehensive bill that reinvested in the American…”

“1 year ago last week, the President signed the Recovery Act, a comprehensive bill that reinvested in the American workforce, an event that my colleagues on the other side have rallied against since President Obama took office. The facts simply don't back them up. In the first quarter of 2009, our economy was losing 726,000 jobs a month. And now, largely due to the Recovery Act, the number has been reduced to 35,000 last quarter. The fact is, the CBO states that the Recovery Act created 2.4 million jobs through the end of 2009. The Recovery Act also provided $120 billion in tax cuts for 95 percent of working families. That's 95 percent of working families, and that's a tax cut. Going forward, we must continue to build off this momentum of the Recovery Act. That includes passing meaningful job-creation legislation that will help small businesses and reduce unemployment. It also includes continuing focus on infrastructure projects and promoting energy efficiency initiatives. Finally, that means we must pass meaningful health care reform.”