President Barack Obama says the emergency legislation he signed a year ago to help the struggling economy has saved at least 2 million jobs and avoided a deeper recession.
WASHINGTON - President Barack Obama hailed Wednesday's one-year-old economic stimulus law as a solid accomplishment that staved off another severe economic depression and kept up to 2 million Americans on the job.
Still, with millions still out of work and losing patience, Obama acknowledged that to them, "It doesn't yet feel like much of a recovery."
The Obama administration has been feeling considerable political pressure of late, in part because of the stunning upset of its favored candidate in the special election to fill the Senate seat vacated by the late Sen. Edward Kennedy, a Democrat who held the post for decades. Earlier this week, a leading Senate Democratic moderate, Indiana's Evan Bayh, joined an increasing number of lawmakers who have announced they will be leaving Congress. This has come amid rising public anger over joblessness, high deficits and Washington partisanship.
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