Saturday, August 1, 2009
OBAMA: NUMBERS PROVE STIMULUS WORKED
THE HILL.COM
President Obama used Friday's better-than-expected economic numbers to argue his administration's economic policies are succeeding and to defend the $787 billion stimulus package.
"The report showed that in the first few months of this year, the recession we faced when I took office was even deeper than anyone thought at the time," Obama said of the quarterly economic analysis published by the Bureau of Economic Analysis (BEA).
"But it also revealed that in the last few months, the economy has done measurably better than expected," the president added. "And many economists suggest that part of this progress is directly attributable to the Recovery Act.
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