Congressman Phil Hare (D-IL) today released the following statement on the one-year anniversary of adoption of the American Recovery and Reinvestment Act.
"One year ago, Congress took the bold action necessary to save our nation from a second Great Depression. The Recovery Act has not been perfect--but it has begun to move our economy in a new, more positive direction. Economists estimate the Recovery Act has created and saved between 1.6 and 2.4 million jobs, including tens of thousands in Illinois. Locally, the Recovery Act has provided tax cuts to 95 percent of workers and made invaluable investments in education, clean energy, health care, and infrastructure. I said from the beginning that the Recovery Act was only a first step. With unemployment still at an unacceptably high 9.7 percent, we must move swiftly to enact a large-scale direct jobs package that puts people back to work. On this one-year anniversary of the Recovery Act's adoption, two things are clear: progress has been made and much more needs to be done."