Obama’s Stimulus Plan

11Feb09

The 44th President of the United States

The Senate has just voted to pass the American Recovery and Reinvestment Act. Now, if we could just get the Senate’s version to match the one approved by the House. Right now, the House version is $819 billion and the Senate’s is $838B–a lot of money–but the Senate’s version is only 2% higher. The difference reflects cuts (or not) for school construction jobs and funds for cash-strapped states.

What’s the American Recovery and Reinvestment Act (ARRA)? Well, “President Obama believes that if we do not act quickly, this recession could linger for years – and America could lose the competitive edge that has served as the foundation for our strength and standing in the world.”

So, President Obama has put forth the American Recovery and Reinvestment Plan, upon which the Act is based, to stimulate job creation and growth. The plan, straight from the White House web site, is below:

  • Doubling the production of alternative energy in the next three years.
  • Modernizing more than 75% of federal buildings and improve the energy efficiency of two million American homes, saving consumers and taxpayers billions on our energy bills.
  • Making the immediate investments necessary to ensure that within five years, all of America’s medical records are computerized.
  • Equipping tens of thousands of schools, community colleges, and public universities with 21st century classrooms, labs, and libraries.
  • Expanding broadband across America, so that a small business in a rural town can connect and compete with their counterparts anywhere in the world.
  • Investing in the science, research, and technology that will lead to new medical breakthroughs, new discoveries, and entire new industries.

It may take a year for any of us to feel the effects of a stimulus plan. Can you wait that long?

Speak your peace.



2 Responses to “Obama’s Stimulus Plan”

  1. 1 Tom Awtry

    For me its unbelievable when this issue was before our legislative branch of government, referring to the temporarily controlling factions within the GOP; and why would the GOP “only” agree to a bipartisan stimulus bill if it was “one-half” authored by them. Are these folks ready for the fruit juice farm or what? Do they understand the meaning of the word “compromise?”

    Isn’t this why, we in America we go through the trouble of having elections; to see who more or less, which “party” controls the mandates presented before our “elected” congress?

    http://ourcountryspresident.wordpress.com/2009/02/18/making-a-list-and-checking-it-twice/

  2. 2 Lynn

    Mr. Awtry,

    You make a damn good point!

    Lynn



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