Press Releases | Economic Growth

News from EPI The Recovery Act, two years later

For Immediate Release: Wednesday, February 16, 2011
Contact: Phoebe Silag or Karen Conner, 202-775-8810

Tomorrow marks the second anniversary of the enactment of the American Recovery and Reinvestment Act (Recovery Act).

EPI Senior Policy Analyst Ethan Pollack and macroeconomist Josh Bivens analyze its impact on the economy in this Commentary. They find that the private job market and the economy in general turned around in the period immediately following the enactment of the Recovery Act, and that by the end of 2010, it had created or saved 3 to 4 million jobs.

This morning, Bivens testified on the Recovery Act before the House Committee on Oversight & Government Reform Subcommittee on Regulatory Affairs. He explained that the Recovery Act was necessary and that it worked, and that the economy needs more fiscal support of its kind.

See related work on Recession/stimulus | Economic Growth