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President Barack Obama delivers remarks at the groundbreaking of a road project funded by the American Recovery and Reinvestment Act, Friday, June 18, 2010, in Columbus, Ohio.
U.S. President Barack Obama visited Columbus, Ohio Friday to mark the groundbreaking on the 10,000th road project funded by the American Recovery Act. The president's visit is part of the administration's efforts to shine a spotlight1 on the impact of the approximately $800 billion stimulus2 package on job creation. But some economists3 say the stimulus is creating fewer jobs than the White House claims.
A little more than a year after Congress enacted4 the American Recovery and Reinvestment Act, President Barack Obama says the U.S. economy is on the path to recovery. "And today I return to Columbus to mark a milestone5 on the road to recovery: The 10,000th project launched under the Recovery Act. That's worth a big round of applause," he said.
The president's visit to Ohio is part of a six week push to focus attention on the impact of the approximately 800 billion dollar stimulus on job creation.
Vice6 President Joe Biden is Mr. Obama's point man on the Recovery Act. "Thus far, we have allocated7 over $620 billion of the Act, and as a result, the Recovery Act is responsible for somewhere between 2.3 million and 2.8 million jobs that were either saved or created," he said.
A growing number of economists say the stimulus has indeed kept more Americans away from the unemployment lines.
But Alan Viard, senior fellow at the conservative leaning American Enterprise Institute, says the White House numbers are inflated8. "The fact that unemployment has remained so high does suggest that the stimulus has not had as large an impact as the administration claims," he said.
Without the stimulus, Viard admits unemployment would be higher than the current 9.7 percent, but he says the massive cash infusion9 into infrastructure10 projects has created fewer than a million jobs. "I think it made sense to do the stimulus, but it should have been smaller and better focused than the administration certainly did," he said.
Opposition11 Republicans claim more than three million jobs have been lost since the bill's passage, and they say it contributes to the nation's soaring debt.
While analysts12 say no one knows for sure how many jobs the stimulus has created, President Obama says he's under no illusions that one program alone can solve the nation's economic problems. "So while the recovery may start with projects like this, it can't end here," he said.
The economy is sure to be among the top issues in the November elections.
The administration is counting on an improving job picture to keep majority control of both houses of Congress. But Republicans insist only the private sector13, and not government, can turn the U.S. economy around.
1 spotlight | |
n.公众注意的中心,聚光灯,探照灯,视听,注意,醒目 | |
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2 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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3 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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4 enacted | |
制定(法律),通过(法案)( enact的过去式和过去分词 ) | |
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5 milestone | |
n.里程碑;划时代的事件 | |
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6 vice | |
n.坏事;恶习;[pl.]台钳,老虎钳;adj.副的 | |
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7 allocated | |
adj. 分配的 动词allocate的过去式和过去分词 | |
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8 inflated | |
adj.(价格)飞涨的;(通货)膨胀的;言过其实的;充了气的v.使充气(于轮胎、气球等)( inflate的过去式和过去分词 );(使)膨胀;(使)通货膨胀;物价上涨 | |
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9 infusion | |
n.灌输 | |
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10 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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11 opposition | |
n.反对,敌对 | |
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12 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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13 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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