Timothy Arsenault, Organizing for America (OFA)-New Hampshire State Director, issued the following statement regarding the anniversary of the American Recovery and Reinvestment Act (ARRA) today:
“Today we mark the first year of the American Recovery and Reinvestment Act (ARRA) and the incredible impact this legislation has had all across the country. Since President Obama signed ARRA into law, the Recovery Act has helped turn the economy around and get New Hampshire residents back to work in these tough economic times, while creating or saving two million jobs nationwide.
“When President Obama took office, the economy was losing nearly 800,000 jobs a month, our nation’s banks were in crisis, and Americans had lost 11 trillion dollars in wealth. Thanks to the President’s leadership on ARRA, things have started to turn around. The Recovery Act has stabilized our economy and helped restore security to those harmed most by the worst economic crisis in a generation. The Recovery Act has kept teachers in the classroom, police officers on the street, and put people to work rebuilding our crumbling roads, bridges and waterways. At the same time, ARRA has kept non-profits doing the critical work they do—even while other resources and donations have dried up.
“While our economy has come a way long towards recovery, we know we have more work to do. In 2010, Organizing for America will be working to support President Obama and Congressional leaders as they put together a new jobs bill that will keep our economy moving in the right direction.”