The America's Recovery Act
Legal Corner Icon — the image was hosted by the publisher and was not captured.THE picture shows American workers at dizzying heights on finishing touches to the Brooklyn Bridge in 1881. The American Recovery Act has put hundreds of thousands of men and women to work on the same kind of projects for the 21st Century -- once again fuelling America's economy by repairing, rejuvenating, improving and advancing much of same infrastructure that was first created back then.
In February 2009, President Obama signed the American Recovery and Reinvestment Act. In the three months prior to the Act, the nation lost 2.2 million jobs. Financial institutions were on the brink of collapse, and the “Great Recession” was being recognized for what it was - the most calamitous economic downturn since the Great Depression.
It seems in the last one year they have created or saved nearly two million jobs thanks to the Act's impact on hiring. Jobs have been created because of tens of thousands of projects now underway nationwide.
By design, the Act had three primary purposes: Rescue, Recovery and Reinvestment.
Dollar to get back the respect?