Obama Statement on House Passage of Stimulus

[Hope And Change]

Obama Statement on House Passage of Stimulus

THE WHITE HOUSE

Office of the Press Secretary
_________________________________________________________________
For Immediate Release January 28, 2009

STATEMENT OF THE PRESIDENT ON THE HOUSE PASSAGE OF THE AMERICAN RECOVERY AND REINVESTMENT ACT

“Last year, America lost 2.6 million jobs. On Monday alone, we learned that some of our biggest employers plan to cut another 55,000. This is a wakeup call to Washington that the American people need us to act and act immediately.

That is why I am grateful to the House of Representatives for moving the American Recovery and Reinvestment plan forward today. There are many numbers in this plan. It will double our capacity to generate renewable energy. It will lower the cost of health care by billions and improve its quality. It will modernize thousands of classrooms and send more kids to college. And it will put billions of dollars in immediate tax relief into the pockets of working families.

But out of all these numbers, there is one that matters most to me: this recovery plan will save or create more than three million new jobs over the next few years.

I can also promise that my administration will administer this recovery plan with a level of transparency and accountability never before seen in Washington. Once it is passed, every American will be able to go the website recovery.gov and see how and where their money is being spent.

The plan now moves to the Senate, and I hope that we can continue to strengthen this plan before it gets to my desk. But what we can't do is drag our feet or allow the same partisan differences to get in our way. We must move swiftly and boldly to put Americans back to work, and that is exactly what this plan begins to do.”


http://thepage.time.com/obama-statement-on-house-passage-of-stimulus/">Link

[FrenchieCat]

1. PS: Republicans who voted for everything Bush ever proposed can kiss my Presidential Black Ass!

[BootinUp]

3. Even Wall Street disagrees with them

Pretty good day on the market. Republicans are digging their own hole.

[Liberal_Stalwart71]

12. Say it again, my sister!!!

:toast:

[bigwillq]

2. Nice statement.

:thumbsup:

[Rosa Luxemburg]

4. Glad to see things moving quickly

Thanks Obama and House of rep.

[firedupdem]

5. Looking at Hardball now...this Mad Money guy is saying the plan

will not work and it's too small? What am I missing here?

[FrenchieCat]

6. It's too big, it's too small, too much tax cuts, not enough, too much spending,

not enough.

In otherwords, the bill is damn near perfect.

[firedupdem]

7. I guess I'm going to have to quit watching these shows completely...

I just read about 90 billion for roads etc. These people are stupid.

[Telly Savalas]

15. I believe Krugman is concerned that it may not be big enough.

He's not stupid.

[ej510]

10. I think it's too small I agree with Paul Krugman, and Robert Reich.

[Liberal_Stalwart71]

13. I agree with them, too, but it seemed to be the best they could get at this point...

[liskddksil]

8. its still not big enough but todays amendment for more transit infrastructure

dollars is a good start. Lets pass the bill as is and hopefully more spending bills will follow shortly.

[4lbs]

9. Cramer seems to be thinking that this stimulus package is the only federal spending that will occur

in the next 18 months.

There's something called a federal budget yet to land. It's 2 to 3 trillion dollars....

Oh, and that $350 billion remaining in TARP that Obama and the US Treasury get to use? Most, BUT NOT ALL, of it will be used by the FDIC for these troubled mortgages. Umm, so that will leave a sizeable chunk usable for something else, say, more infrastructure?

[firedupdem]

11. cool...thanks for your information. n/t

[sundog]

14. i love that they're devoting a website to this

nice to have a leader who gives a damn about gov't transparency

[keepthemhonest]

16. What fricken planet am I on anyway?

"Once it is passed, every American will be able to go the website recovery.gov and see how and where their money is being spent."

Pinch me pinch me.Not like that you idiot.