White House: Stimulus was good for economy; GOP says big spending produced little results

The Associated Press

FILE This Feb. 17, 2009 file photo shows President Barack Obama picking up the first pen to sign the economic stimulus bill during a ceremony in the Museum of Nature and Science in Denver. The White House says a costly spending bill President Barack Obama signed into law five years ago Monday was good for the economy and helped the U.S. avoid another Great Depression. (AP Photo/David Zalubowski, File)

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By DARLENE SUPERVILLE, Associated Press

RANCHO MIRAGE, Calif. (AP) — The White House says a costly spending bill President Barack Obama signed into law five years ago Monday was good for the economy and helped the U.S. avoid another Great Depression.

Republicans are taking a dimmer view, arguing that the $787 billion economic stimulus bill amounted to too much spending for too few results.

The White House says in a new report that the bill, among other things, saved or created an average of 1.6 million jobs a year between 2009 and 2012.

Obama signed the massive spending bill a few weeks into the job to help the economy recover from its worst downturn in a generation.

Republican House Speaker John Boehner of Ohio says too many Americans are still asking "Where are the jobs?" the administration promised.

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