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One year later, stimulus has mixed record

By: Stephen Dinan,

A year after it became law, the stimulus package costs more than promised, has failed to keep down the unemployment rate and has faced charges of waste and abuse.

But the federal spending – all of it borrowed – has helped many states avoid painful budget cuts to their education and public safety budgets, and according to official estimates has helped the gross domestic product grow faster than it would have otherwise.

With health care stalled, his plans to address climate change on hold and spending ballooning, President Obama on Wednesday will mark the first anniversary of what’s formally known as the American Recovery and Reinvestment Act by inviting to the White House people who have benefited from the money. And he’s deploying his top aides to crisscross the country and highlight projects that have helped people and produced jobs.

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