(CNSNews.com) – Though unemployment is at 9.7 percent, and just six percent of Americans think the government has created jobs, President Barack Obama will hold a White House reception on Wednesday to mark the one-year anniversary of signing the American Recovery and Reinvestment Act, better known as the economic stimulus bill.

Meanwhile, administration officials, including Vice President Joe Biden and cabinet secretaries, will travel to 35 locations across the country this week to promote the $787 stimulus, which was designed to revive the economy – a reported $272 billion of the $787 billion has been spent since the bill became law in February 2009.

Administration officials have insisted that the legislation is on course to “save or create” 3 million jobs. However, more than 2.65 million jobs have been lost since the passage of the legislation, according to the Bureau of Labor Statistics.

Meanwhile, a CBS News/New York Times poll from last week found that just six percent of Americans think the stimulus act will create jobs. A plurality of 48 percent think it will not create jobs, while 41 percent believe the act has not created jobs but will...