The U.S. continues to experience widespread job loss, and the latest survey on consumer sentiment shows that it is falling and consumer spending is down. Not the best news.
Leading economists still predict that the recession will end in the coming months. President Obama says that the American Recovery and Reinvestment Act (ARRA) was designed to work over a two-year time period, not in just a few months.
Part of ARRA funding that is hitting states soon is for education programs. Of the more than $48 billion provided to states to stabilize their budgets, almost $40 billion of that was designated for education.
In Salem, Arkansas, the local school board has already decided to spend a portion of their stimulus funding on high-resolution video conferencing systems to implement virtual field trips and create opportunities for interactive education.
We’re looking forward to seeing how other states and school districts use their ARRA funding, and are anticipating a healthier economy in 2010.