Obama Details Recovery Plan
January 25th 2009 03:42
Does anyone remember the last eight years? did we forget already about the books and movies that depicted the death of President Bush? did we forget the hate-speech that was gushing like a polluted river from the Left? How about all the protests? Have they been erased from our memory banks? An Aggressive Push Before Congress Considers Package
President Obama pressed aggressively for his massive economic recovery plan yesterday, laying out the most detailed benchmarks to date of a stimulus package that would cost at least $820 billion and warning that the nation's economy could become dramatically worse without major federal investment.
With Congress preparing to take up the stimulus bill this week, Obama described what he would do with a recovery package aimed at saving or creating as many as 4 million jobs. The White House outlined proposals designed to appeal to Republicans who have resisted the scale of federal spending, as well as to average taxpayers, many hit hard by the recession, who have not felt the benefit of earlier government bailouts.
The report said Obama would spend at least 75 percent of the stimulus package in the first 18 months after passage. Among the other major goals is updating the electric grid by laying more than 3,000 miles of transmission lines and installing 40 million "Smart Meters" in American homes. The plan also would weatherize at least 2 million homes to save low-income families on average $350 per year, and modernize at least 75 percent of federal buildings.
President Obama pressed aggressively for his massive economic recovery plan yesterday, laying out the most detailed benchmarks to date of a stimulus package that would cost at least $820 billion and warning that the nation's economy could become dramatically worse without major federal investment.
With Congress preparing to take up the stimulus bill this week, Obama described what he would do with a recovery package aimed at saving or creating as many as 4 million jobs. The White House outlined proposals designed to appeal to Republicans who have resisted the scale of federal spending, as well as to average taxpayers, many hit hard by the recession, who have not felt the benefit of earlier government bailouts.
The report said Obama would spend at least 75 percent of the stimulus package in the first 18 months after passage. Among the other major goals is updating the electric grid by laying more than 3,000 miles of transmission lines and installing 40 million "Smart Meters" in American homes. The plan also would weatherize at least 2 million homes to save low-income families on average $350 per year, and modernize at least 75 percent of federal buildings.
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