On the recordJanuary 21, 2010
Let me conclude this part of my remarks by speaking for a couple minutes about what we have done in this past year: The Recovery and Reinvestment Act, known by--as many things are here--the acronym AARA, the American Recovery and Reinvestment Act. Those two words in the middle are very important, the word ``recovery'' and the word ``reinvestment'' because that is the intended effect of that legislation. It was the right legislation--not perfect but the right legislation--at the right time at the beginning or the early months of 2009. But there are a lot of Americans who believe it is not being implemented fast enough. The jump-starting effect of the spending, whether it is on infrastructure or energy efficiency or investments in education, investments in health care, tax cuts for 95 percent of the American people, which was in the recovery bill, that all of that is not moving fast enough. So one of the jobs we have, in addition to new strategies on job creation, is to implement, at a faster pace, at a faster rate, the recovery bill. I also believe we should remind ourselves that the recovery bill was not a 10-month bill. We are in about the 10th month right now. But the spending that will create the jump-start of a positive economic effect is supposed to take place over 2 and 3 years, depending on the program, depending upon the initiative.…





