Recovery Summer 2010
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The Obama administration proclaimed Recovery Summer on June 17, 2010 to spotlight the imapact President Obama's economic program after passage of the American Recovery and Reinvestment Act (or "Stimulus package") by the Democratic controlled 111th Congress in 2009.[1] Vice President Joe Biden was placed in charge of the effort. During Recovery Summer 393,000 jobs were destroyed according to the Bureau of Labor Statistics[2] unemployment rose[3] and economic growth slowed from 5.7% to 1.6%.[4]
Rererences
- â Administration Kicks Off "Recovery Summer" with Groundbreakings and Events Across the Country, The White House, Office of the Press Secretary, Press Release, June 17, 2010. Retrieved from www.whitehouse.gov October 9, 2010.
- â http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?request_action=wh&graph_name=CE_cesbref1
- â http://research.stlouisfed.org/fred2/graph/?chart_type=bar&s[1][id]=UNRATE
- â http://research.stlouisfed.org/fred2/graph/?chart_type=bar&s[1][id]=GDPC1