Tuesday, February 17, 2009

The Beginning of the USSA

Obama To Sign Stimulus Bill Today
Indebting The Next Generation

U.S. President Barack Obama is scheduled to sign the $787 billion economic stimulus plan into law at a ceremony in the western city of Denver, Colorado on Tuesday. Mr. Obama calls it a "major milestone on the road to recovery" for the U.S. economy, while critics insist it is too expensive and will create fewer jobs than proponents insist.

The bill, which includes government spending and tax cuts intended to help push the U.S. economy out of recession, is the president's first big legislative victory since taking office last month.

Moody's Economy.com chief economist Mark Zandi who also appeared on Fox News Sunday said President Obama's contention that the stimulus plan will create or save 3.5 million jobs is optimistic.
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