Before taking office, Barack Obama made it clear to Americans and the world that he had a top priority: getting Congress to pass the American Recovery and Reinvestment Act that he believes will stimulate the American economy by providing tax cuts and large amounts of public spending.
In early January, the then president-elect said he expected Congress to have a bill for him to sign by mid-February. Today, the president signed that bill, a $787 billion package that he described as “the most sweeping economic recovery package in our history.”
This bill is the first major legislative achievement for the new president, who at times faced many challenges in gaining support from members of Congress. The bill went through many revisions and debates before it became law.
Signing the bill in Denver, the president said, “today does not mark the end of our economic troubles. Nor does it constitute all of what we must do to turn our economy around. But it does mark the beginning of the end.”
Comments (13)
Carolyn Person
17 February 2009 at 17:35 EST
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President Obama,
Excellent! You, your family, your administration, their families, as well as this country and all of its citizens have been lifted up in prayer. Please go forth with the mind and determination that you started with so that we can rise from a dead horizontal to a living perpendicular.
Andre Budianto
17 February 2009 at 19:32 EST
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Wishpering hope, letter of intent in Obama’s stimulus package create American prosperity society.
Ben
18 February 2009 at 07:25 EST
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The of capitalism, sad day indeed
Michael
18 February 2009 at 15:04 EST
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Only time will tell if the Stimulus will work. I am glad to see this money being spent on Domestic and National issues rather than the Iraq War.
marsille
18 February 2009 at 20:47 EST
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Hope Obama’s aspirations to be fulfilled;Hoping boost to the USA’s economy
Kalibbala Kato Jacob
20 February 2009 at 06:19 EST
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As long as more than half the popn. is behind you, you can acheive what you wish is the best for Americans. we feel concerned when hear of such big economy in such blunders. TALK PEACE TO HAVE ALL ZONE FREE FOR ECOMONY
jalal uddin
20 February 2009 at 20:55 EST
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I have supported the Carolyn comment that is “President Obama,
Excellent! You, your family, your administration, their families, as well as this country and all of its citizens have been lifted up in prayer. Please go forth with the mind and determination that you started with so that we can rise from a dead horizontal to a living perpendicular.”
Derral Gillespie
21 February 2009 at 09:00 EST
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Obama what about the tax payer that ’s making all you rich richer/ this tells me all of you are not to SMART ?but then again . Just play us as FOOL i see.if you are so smart you should have give everyone 18 and above the first package it would have give the TAX PAYER $ 250.000. each to keep you rich A going.And also I’ve been in business 25 yrs. and can I take you to the high court . and get back what the gov / congress has lost for me!!! Thank for nothing . quit screwing the peoplw give us a [expletive deleted] check so you can tax some more. this is the wright way dont you think we the people BUILT THE GOVRMENT. Ican do a better job with my crew . so why can’t you put just down home people there.THEN YOU WOULD CHANGE!!!!!!!!! AND YES I”M PISSED AND HAVE A WRIGHT TO BE…………………….impress me
Pam
21 February 2009 at 12:20 EST
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I am disappointed with the COBRA HEALTH INSURANCE I lost my job in August, and cannot afford to pay it any longer. The stimulus plan that I was for at one time because of this Health Plan will now not cover me. Because they said people that lost there jobs from September will be helped. What about everyone else. That is our tax dollars also.
PhanThanhSon
22 February 2009 at 23:24 EST
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I love you>>>
PhanThanhSon
22 February 2009 at 23:26 EST
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toi mong 1 ngay nao do Obama se hieu toiva cho toi qua ben My de cunglam viec cung ong…! thank’!
ONGANYA SAMUEL.
23 February 2009 at 06:10 EST
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am so in suport wid carolyn en jalal’s coment .dat’s Excelent You,yo family ,yo administration ,their families,as wel as yo country en da whole ov its citizens have been lifted up in prayer.Go forth wid da en determination dat u have started en plz,plz……………dnt let be discouraged bi da daty doubts ov likes ov Derral who think thots can be built in anite be implemented in aweek,who r frastrated da Bush’s administration en neva had hopes ov rejuvenating da economy ov da states.I wish da best ov yo admin. en’ll always be hopeful 4da best in ma trust 4u,as u always said ”we can” let da LORD ALMIGHTY GOD lead yo way werever u think ov creating peace en harmony in da entire world plus UGANDA where peace has failed 2 prevail in da NORTHERN part 4 da past 23 years ov NRM’S leardership en we tired ov such moments ov homelssiness,poverty,child abuse en ol kinds ov suferigs u can think ov.I SIGNUP bi saying da ball z rolling on hands,so u either make have BULL ROASTING @da end ov day or have tears ov regrates as 2y yo name was hailed on 2oth jan.NICE moments.
Jared
1 May 2009 at 11:58 EDT
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Capitalism is the best system by far, i drvies things forward, but when ur car hits a ditch, u dont keep pressing the the gas pedal, u burn up ur engine, u have to go into revers(bailouts etc.) so u can the contiunue driving forward with capitalism and prosperity.