Economy

CHART: How The Recovery Act Boosted U.S. Manufacturing

CREDIT:

Once again showing that the conservative claim regarding the “failure” of the 2009 Recovery Act (i.e. the stimulus) has no teeth behind it, Center for American Progress Senior Fellow Christian Weller notes that since the Act’s passage, U.S. manufacturing has turned around.

“Industrial production — the output of manufacturing and utilities — declined consistently from December 2007 to June 2009. Industrial production started growing again in July 2009, when infrastructure spending from the Recovery Act started to flow into the economy,” Weller wrote.