Biden defends federal stimulus in Michigan speech

Mark Hornbeck
The Detroit News

University Center, Mich. — At the start of a nationwide tour to defend the federal Recovery Act on its first anniversary, Vice President Joe Biden said at Delta College the “recovery act is working” and helped the nation avoid a depression.

He said today the United States will continue to lead the world economy throughout this century and added for his Michigan audience, “We’re going to continue to lead the world in automobiles, as well.”

He added the Recovery Act created 69,000 jobs in Michigan and 2 million nationwide…

…Michigan’s federal recovery Web site says the state has received about $10.6 billion in stimulus money, much of it in the form of tax cuts for individuals and credits for alternative energy businesses. The infusion of cash also has gone to highway and bridge work, sewer upgrades and Great Lakes cleanup. In addition, recovery money has helped the state balance its general fund and school aid funds.

The Obama administration has estimated stimulus cash has created or retained more than 22,000 jobs in Michigan while Gov. Jennifer Granholm puts the number at 42,000 and the state Web site says the figure was 16,906 as of January and projects many more jobs when the spring construction season begins.

Hemlock Semiconductor is a producer of high-purity polycrystalline silicon used in the solar energy industry and is one of the state’s few manufacturing success stories in recent years. The company will get $142 million in federal energy manufacturing credits through the federal Recovery Act…

The article continues at The Detroit News.

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