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.
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.