November 17, 2010 at 10:00 AM EST
Uncertain Future For Build America Bond ETFs
When President Obama signed into law the American Recovery and Reinvestment Act of 2009, the nation was sharply divided on the bill. Designed to create jobs and promote investment during one of the worst recessions to ever hit the U.S. economy, “the Stimulus” called for measures worth a total of $787, including tax incentives, expansion of unemployment benefits, and spending in health care, education, and infrastructure. Nearly two years later, the Federal Reserve has commenced another round of quantitative easing, an admission that AARA has so far been unsuccessful in accomplishing some of its most aggressive objectives and that significant obstacles remain ahead for the U.S. economy [see Three ETFs If Sarah Palin Is Right]. But to call the plan as a whole a failure would overlook many of the components that have proven productive. One of AARA’s bright spots has been the Build America Bond program, an initiative that allows [...] Click here to read the original article on Related Stories: PowerShares Plans Another Build America Bond ETF (BABI) State Street Launches Build America Bond ETF (BABS) PowerShares To Launch Build America Bond ETF
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