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Vice President Joe Biden will be visiting New Orleans today to talk up the Obama administration’s failed stimulus package of 2009, accompanied by Gov. John Bel Edwards (D) and Mayor Mitch Landrieu (D).
Biden is planning to tour the Port of New Orleans and specifically speak about the recent renovation of the Mississippi River Intermodal Terminal and Yard, a $26 million project funded through the American Recovery and Reinvestment Act.
Aside from Edwards and Landrieu meeting with the Vice President, Rep. Cedric Richmond (D-New Orleans) and Port of New Orleans President and CEO Gary LaGrange will also accompany Biden.
Obama’s 2009 $800 billion stimulus package was the largest economic recovery program in history and it was nearly five times more expensive Works Progress Administration and even larger than the Louisiana Purchase, the Manhattan Project, the moon race and the Marshall Plan.
The expensive stimulus package has largely been deemed a failure by the New York Post, Daily Signal and Wall Street Journal, as it cost taxpayers billions yet the economy continued to not grow following the recession of years before.