Hotair.comTurns out the $787 billion "American Recovery and Reinvestment Act" (AARA) was not designed for full economic recovery, but rather to "stabilize" the downturn. That's the word from White House officials today, who held off-camera briefings with reporters on how the AARA is working so far.Old White House spin: Porkulus has stimulated the economy and “saved or created” 150,000 jobs. New White House spin: Stimulus? What stimulus? ABC’s Yunji de NIes reports from somewhere down the rabbit hole, er, the White House briefing room:
"This legislation was designed to cushion the downturn," said White House Press Secretary Robert Gibbs. "That's why we have always talked about this as one function of economic recovery."
When pressed about the change in terminology, Gibbs said he was not trying to temper expectations after the fact. "I can probably find 15 or 20 occasions when I said this in the lead up," Gibbs said, explaining that he had always defined the AARA as part of a "multi-legged stool."
link to ABC article