President Obama's stimulus package is officially called the American Recovery and Reinvestment Act. It was advertised as a fast-track program for hiring the unemployed as well as creating new jobs. After it was enacted in 2009, California received $50 billion. Two years later, only half that amount has been spent. We hear from Laura Chick, California's former "stimulus watchdog" and others.
Economic Stimulus: The Promise and the Reality
Laura Chick - Office of the Los Angeles City Controller (formerly) - @Laura_Chick, Harold Meyerson - Editor, The American Prospect; and Columnist - @haroldmeyerson, Gary Burtless - Brookings Institution, Tom Evslin - former Chief Recovery Officer, State of Vermont