July 2nd, 2010
10:29 AM ET
12 years ago

Stimulus: The big bang is over

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/07/02/art.obama.construction.gi.jpg caption="President Obama delivers a speech after touring a construction site."]New York (CNNMoney.com) - The job market and economy need a serious jumpstart, but the stimulus program likely won't be able to do it.

This summer will be the peak of the $787 billion stimulus program in terms of creating jobs and pumping money into the economy. In fact, the Obama administration is calling it the Summer of Recovery because more than 30,000 miles of highways are being improved, more than 2,800 water projects have been started and 120,000 homes will be weatherized.

After that, it will be a downhill slide for stimulus even as the economy is expected to continue sputtering.

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Filed under: issues • Jobs • Stimulus
soundoff (27 Responses)
  1. phoenix86

    The economy will begin to recover when Nancy Pelosi is no longer Speaker, Harry Reid is no longer Majority Leader, and Obama is no longer President.

    Borrow, Spend and Tax will never equate to growth. Add to that arbitrary judicial decisions and regulations and you have a double dip recession at the very least.

    July 2, 2010 11:56 am at 11:56 am |
  2. Jeff from Chicago

    No, the big bang is there. How could you miss it.

    It blew up in all of our faces.

    July 2, 2010 12:01 pm at 12:01 pm |
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