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The Pros and Cons of ARRA

General information on American Recovery and Reinvestment Act

Reynolds Vaynshteyn

on 13 December 2012

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Transcript of The Pros and Cons of ARRA

The American Recovery and Reinvestment Act 2009 ARRA Funding According to the Environmental Protection Agency,
the American Recovery and Reinvestment Act of 2009 offered state
and local governments the opportunity to reduce energy, gas emission
and create jobs through the implementation of
clean energy programs (A. Pascopelle, 2010). Purpose are to create new jobs and save existing ones,
spur economic activity and invest in long- term growth,
and promote levels of accountability and transparency
in government spending (recovery.gov). Objectives
State Energy Program,
Energy Efficiency and Conservation Block Grant, and Energy Assurance Grant Programs Programs Funded Tax Benefits
$290.7 billion

Contracts, Grants, and Loans
$246.2 billion

$238.2 billion Distributed in 3 ways * $48.1 billion of ARRA funding
was allocated for transportation,
of that $27.5 billion
was dedicated to highways and bridges

* Virginia has also benefited from $119 million in ARRA
funding to finance 133 energy-efficiency
improvements and renovations in local
school districts (A.Pascopella, 2010). Funds at work Tennessee, Texas, and South Carolina were among the leader with more than 2,000 green ARRA- funded jobs (American City & County Exclusive Insight, 2011). Jobs and Jobs

Solyndra, the Northern California-based
manufacturer of solar panels
Solyndra received $535 million in federal loan guarantees through Obama stimulus program. Two years later resulted in bankruptcy for the solar panel company Failure ARRA Funding Hearing ARRA Funding at work
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