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Recovery Act Quotes
But if, if you take a look at what would have happened, I mean, do we need to see soup lines down the street to figure out what would have happened? We avoided - and all economists will tell you that millions of jobs were saved because of the Recovery Act, and we avoided a second Great Depression. That, that is a reality.
And we can see the positive impacts right here at Solyndra. Less than a year ago, we were standing on what was an empty lot. But through the Recovery Act, this company received a loan to expand its operations. This new factory is the result of those loans.
I don't want to go negative on Franklin Delano Roosevelt, but he didn't pass an economic deal in the first 100 days. We have passed the largest Recovery Act in the history of the country.
Democrats are going to proudly run on the fact that we turned the economy around. It was our policies under President Obama's leadership through the Recovery Act, through investing in the automobile industry.
Debbie Wasserman Schultz
We were able in the Recovery Act to get a program where we increased our loan guarantees to 90 percent. Because we had that program, a bank wouldn't have to take that much risk.
We've seen more reform in the last year than we've seen in decades, and we haven't spent a dime yet. It's staggering how the Recovery Act is driving change.
The Recovery Act is working, but it's going to continue to work. It's not over. A lot's going to happen this summer. And even after the summer, there's more to come with the act.
We really accomplished what we set out to do with the Recovery Act programs, which was to fill the lending gap created by the crisis.
The 2009 stimulus law got the ball rolling, allowing the agency to reduce and eliminate fees and raise loan guarantees to 90 percent of the total. I knew that we had the opportunity to use S.B.A. products to fill that gap in a rapid manner, as we ended up doing in the Recovery Act.
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