Mr. Speaker, as we have said many times recently, we are acknowledging and recognizing the 1-year anniversary of the American Recovery and Reinvestment Act. It is interesting on these anniversaries that we have considerable discussions…
Mr. Speaker, as we have said many times recently, we are acknowledging and recognizing the 1-year anniversary of the American Recovery and Reinvestment Act. It is interesting on these anniversaries that we have considerable discussions about whether the act, or any other act, was successful or not.
Just watching Sunday morning's national talk shows was a very interesting experience, because we had on one show Governor Granholm from Michigan and Governor Barbour from Mississippi, and you would have believed that the two of them came from different planets or at least that they were talking about two very different pieces of legislation.
Jennifer Granholm talked about tens of thousands of jobs being created in Michigan, beginning the foundation, setting the foundation for a new explosion of battery technologies and energy technologies. Governor Barbour on the other hand said, ``Well, we got a few jobs, we've paved a few roads, but it really wasn't that good of a program.''
My own Senator and my constituent, Senator McConnell, was on another talk show saying, ``Yeah, the governors like it. It funds a lot of government jobs.'' Well, I am going to get to that in a minute, because those government jobs are not just government jobs. Those are not bureaucrats. Those are teachers, those are firefighters, those are police officers. Those are people who are providing critical public services to our constituents. But let's talk about where we were a year ago.
My colleague from Virginia just talked about a lot of the data reflecting what the situation was in the economy several years ago and last year when the Recovery Act went into effect. But let's talk about what we were trying to do then, because this wasn't just about creating jobs. As all the economists have said, we faced a considerable gap in demand in the economy, as much as $1 trillion a year. That is the capacity of the economy versus the demand for goods and services. And when you have that kind of gap, if you have too many people working and too little demand, people get laid off. That is what has happened in our economy. Nobody else was filling that gap, so economists across the spectrum said government has to be the spender of last resort. We have to fill that gap because consumers aren't spending.
So what did we do? We not only put in programs that would create jobs through infrastructure spending and investment, but we also said we need to make sure that people have their unemployment benefits, because unemployment benefits are spent; they go directly into the economy as quickly as possible.
We wanted to give tax cuts. Many of our Republican colleagues asked us to do that, so 95 percent of the American people have received a tax cut. Now, a lot of them don't know it. As a matter of fact, I understand there is a poll now of Tea Party supporters in which only 2 percent say they actually think the taxes have decreased in the last year; 95 percent don't. But, in fact, virtually 95 percent of those people have received a tax cut.
But let's talk about just the experience in my own congressional district in my own State. As Senator McConnell said, it is only helping support a few government jobs. Well, in fact, in my district, because of the first-time homebuyers credit, sales of homes in Louisville have had four successive months of gains, substantial gains. Because of stimulus fund investment, GE's Appliance Park is bringing 400 jobs back from China to help build a new energy-efficient water heater in Louisville, Kentucky. Those aren't government jobs, but private sector jobs.
The stimulus moneys helped retain 600 teachers in Jefferson County Public Schools. We have a new maintenance facility being built at our public transit company; 80 new construction jobs building this energy- efficient facility. Stimulus funds provided a billion dollars to shore up our KCHIP program. That is health insurance for children. We had funding for career training for 500 at-risk young people. We had $26 million for remodeling and renovating schools.
Now, Senator McConnell may think those aren't jobs, but I don't think those schools are renovating themselves. There are people working to renovate those schools, as well as building a new Beechmont Fire Station, $2.2 million. Those are human beings working because of the Recovery Act.
In all just in my district we have served more than 4,000 people. According to local government, which is tracking the funds very carefully, we have created 1,800 jobs just in Louisville, Kentucky, and we have, again, provided numerous public services both in Louisville and throughout the State.
Now, we have a long way to go. The Recovery Act was not a cure-all. We can have our doubts and our differences about whether it has succeeded as well as it might have, but the fact is there
has been true progress made, and we expect more progress to be made.