BIDEN

'Long way' to US recovery

07-27-2009 | AFP

Panama Star Passed by Congress earlier this year and signed by President Barack Obama into law, the package combines government-funded infrastructure projects with tax relief and assistance to those affected by the slump. But it has been under fire from Republics who dubbed it inefficient and wasteful. "But the way I see it, our balanced approach recognizes that there is no silver bullet, no single thing, that can address the many and complex needs of America’s vast economy," Biden wrote.

"We need relief, recovery and reinvestment to cope with our multifaceted crisis -- and only 159 days after it was signed by President Obama, the Recovery Act is already at work providing all three," said Biden.