Tuesday, February 17, 2009

The Economic Stimulus Plan

After struggling unsuccessfully to gain bipartisan support for the nearly $800 billion economic stimulus package, President Barack Obama just signed the bill in Denver, Colorado moments ago. It is uncommon for a President to do this outside of Washington DC. It is still tough to say what might be the repurcussions of this bill, or rather new law, whether it will have the hoped for positive effects or not. It seemed to go with little argument that something needed to be done and this package was pushed through Congress with the hopes of gaining Republican support, which unfortunately did not become a reality. Hopefully, this package will have the positive effects of new jobs and a stimulative effect to the economy, but there are so many possibilities and we can only wait to find out how well this will proceed.

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