Obama: Stimulus headed off depression

02/17/2010 10:12 pm 0 comments

President Barack Obama hailed Wednesday’s one-year-old economic stimulus law as a solid accomplishment that staved off another severe economic depression and kept up to 2 million Americans on the job.

Still, with millions still out of work and losing patience, Obama acknowledged that to them, “It doesn’t yet feel like much of a recovery.”

Visit msnbc.com for breaking news, world news, and news about the economy

The Obama administration has been feeling considerable political pressure of late, in part because of the stunning upset of its favored candidate in the special election to fill the Senate seat vacated by the late Sen. Edward Kennedy, a Democrat who held the post for decades. Earlier this week, a leading Senate Democratic moderate, Indiana’s Evan Bayh, joined an increasing number of lawmakers who have announced they will be leaving Congress. This has come amid rising public anger over joblessness, high deficits and Washington partisanship.

These developments have energized Republicans ahead of the November elections in which one-third of the 100-member Senate seats are at stake. Some Republicans think Americans are so disappointed with Washington lawmakers they might be able to win control of the Senate from the Democrats, who with their allies have a 59 to 41 majority.

To read this article in its entirety visit MSNBC.com.

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