From PRI, Public Radio International and KCRW Santa Monica, this is To the Point.

Economic stimulus, the promise, and the reality.

Hello again, I'm Arana Alney, and this is To the Point from Public Radio International.

A daily look at the issues Americans care about most.

During the Great Depression, Franklin Roosevelt put four million people to work in four months.

But in two years, President Obama's $787 billion stimulus has failed to reduce unemployment as promised,

and much of the money hasn't even been spent. Remember the focus on projects called shovel-ready?

Official stimulus watchdogs in Vermont and California say there is no such thing. What about the money that has been spent?

Has the Reinvestment and Recovery Act been a victim of false advertising as well as red tape?

On reporter's notebook later on, cold weather and global warming. First, here's the news.

Support for To the Point comes from subscribers of KCRW Santa Monica and from the Public Radio

International Program Fund, whose contributors include the Ford Foundation, the John

D. and Catherine T. MacArthur

Foundation, and the Bill and Melinda Gates Foundation, dedicated to the idea that all people

deserve the chance to live a healthy, productive life. Information at gatesfoundation.org.

Hello again, Warren-Aldly, back with To the Point. In two years, President Obama's stimulus package

has not produced the infrastructure projects that many people expected.

Is that what it was really designed to do?

We'll hear from two state stimulus watchdogs and others today.

On reporter's notebook, the U.S. and much of the world are freezing in this age of global warming.

How come?

First, this news update.

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