As President Barack Obama signed the stimulus bill in Denver,
The White House today released state-specific details on the local impact of the American Recovery and Reinvestment Act. The American Recovery and Reinvestment Act is a nationwide effort to create jobs, jumpstart growth and transform our economy to compete in the 21st century. The compromise package of $789 billion will create or save 3.5 million jobs over the next two years. Jobs created will be in a range of industries from clean energy to health care, with over 90% in the private sector.
Below are links to tables and fact sheets outlining the impact of the American Recovery and Reinvestment Act. The estimates are derived from an analysis of the overall employment impact of the American Recovery and Reinvestment Act conducted by Christina Romer, Chair of the Council of Economic Advisers, and Jared Bernstein, Chief Economist for the Vice President, and detailed estimates of the working age population, employment, and industrial composition of each state.
Note: all of the links below are to pdf files.
I have not had time to read these documents yet. Please use this comment thread to write about what you like and don’t like about the stimulus.
Note: while House Republican leaders proudly proclaim that no one in their caucus voted for the stimulus, I heard on the news this morning that 22 of the 24 Republican governors support the bill.
That’s the difference between someone whose main task is to build an electoral comeback on Democratic failure and someone who has to govern in this difficult economy.