They've been hinting at this for several days, but apparently it's now "official." The $787 Billion "American Recovery and Reinvestment Act" (AARA) was not designed for full economic recovery, but rather to "stabilize" the downturn. That's the word from White House officials today, who held off-camera briefings with reporters.
What I want to know is, if it wasn't meant to stimulate economic recovery, why is it called the "American Recovery and Reinvestment Act"? And why is the website called recovery.gov?
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