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Pelosi: New CEA Report Shows Recovery Act on Track, But More Must to Done to Grow the Economyl
January 13, 2010peaker Nancy Pelosi issued the following statement today on a report issued by the White House's Council of Economic Advisors finding that the American Recovery and Reinvestment Act created or saved up to 2 million jobs, and added between 1.5 and 3 percentage points to the growth in gross domestic product in the final quarter of 2009: "When we passed the Recovery Act nearly one year ago, we pledged to create and save 3.5 million jobs over two years rebuilding our roads and bridges, expanding the clean energy economy, keeping teachers in the classroom, and cutting taxes for 95 percent of our nation's households and small businesses. This analysis shows that we are on track so far — with only half the money committed. But years of inaction and lax oversight crippled our economy — and we have more work to do to help it recover. Full release.