[Congressional Record (Bound Edition), Volume 156 (2010), Part 2]
[House]
[Page 1588]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1215
                 AMERICAN RECOVERY AND REINVESTMENT ACT

  (Mr. TONKO asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. TONKO. Mr. Speaker, in January of 2009, the United States economy 
had lost more than 750,000 jobs in just 1 month. A year later, in 
January 2010, the United States economy gained a few thousand jobs. 
This remarkable shift in the economy's performance is mainly due to the 
American Recovery and Reinvestment Act passed by this Congress and 
signed by our President.
  In one year, the Recovery Act has provided $120 billion in tax cuts 
for 95 percent of working families as well as businesses across this 
country; loaned nearly $20 billion to small businesses to expand and 
create jobs; funded more than 12,500 transportation projects Nationwide 
and kept teachers, police officers, and firefighters working on the 
job.
  Now we are seeing growth in our economy. On February 20, 2009, the 
Dow Jones was trading at 7,365. Yesterday, the market closed at 10,383.
  The Recovery Act has worked and will continue to work throughout the 
course of this year. After all, it was designed to be a 2-year program.

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