One Year After the Stimulus: Its Effect on the Job Market.

Today was the one year anniversary of the Recovery and Reinvestment Act of 2009 which allocated 787 billion dollars for infrastructure and tax cuts.

Today, the White House argued that the Stimulus created 2 million new jobs and kept the United Sates from falling into another depression.

Here is an video of President Obama discussing the impact of the stimulus in more detail:

Obama uses stories of small businesses that have been able to add jobs because of the Recovery Act in developing his argument. He also acknowledges that the current "recovery" doesn't feel like much of a recovery because unemployment still remains at 9.7%.

In a later segment, we will examine, in depth, where our money would be best utilized in creating new jobs.

Stay tuned!