John Spratt: “When those adjustments are made, the numbers the gentleman just gave will only get worse.”

The positive impact of the Recovery Act is already being made apparent, and more economic activity will be generated as stimulus dollars continue to spend out.

I want to welcome everyone to our hearing this morning on The Social Safety Net: Impact of the Recession and of the Recovery Act.

Failed Republican economic policies had brought the financial system dangerously close to a complete meltdown and had driven the economy into its deepest recession since the 1930s.

Under Democratic leadership, the 111th Congress moved swiftly to enact the American Recovery and Reinvestment Act, which has jump started economic activity.