Stimulus: One Year Later
[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2009/POLITICS/07/08/biden.health.care/art.vp.biden.cnn.jpg caption="Vice President Joe Biden will release his annual stimulus progress report on Wednesday."]
Tami Luhby
CNN Money
Wednesday marks the one-year anniversary of the stimulus bill, and from here on out the pace of spending should pick up, according to administration officials.
The federal government expects to distribute $32 billion in Recovery Act funds per month, up from an average $27 billion a month over the past year, according to Vice President Joe Biden, who will release his annual stimulus progress report on Wednesday.
"...the year ahead will see a capitalizing on an inventory of work that is awarded and "ready to go"," according to the report.
The report comes on the one-year anniversary of the largest economic stimulus program in the nation's history. The controversial $787 billion program has elicited both praise and scorn from many sectors of the country.
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How can the stimulus have done what it 'promised to do' when the promise was that unemployment wouldn't top 8% (but it rose to over 10%), and it would create 3.5 million jobs (but we lost 3 million)?
How much is being awarded to Hallmark so they can issue a special one year anniversary collectors card.