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White House Defends Stimulus on 5-Year Anniversary

The White House released a blog post Monday touting the benefits from the federal stimulus -- after Republicans had issued a flurry of statements and op-ed criticizing it on its five-year anniversary.

The post, written by Chairman of the Council of Economic Advisers Jason Furman, coincides with the release of the final White House report on the impact of the stimulus.

Furman writes:

Five years later, the U.S. economy is undoubtedly in a stronger position, thanks to the grit and determination of our nation's workers and businesses. The economy has now grown for 11 straight quarters, and businesses have added 8.5 million jobs since early 2010. While far more work remains to ensure that the economy provides opportunity for every American, there can be no question that President Obama’s actions to date have laid the groundwork for stronger, more sustainable economic growth in the years ahead.

Read the full report here.