After intense negotiations and several false starts, President Barack Obama signed the controversial $787 billion stimulus bill into law on February 17, 2009. Obama is hopeful that the bill, which he has made the centerpiece of his young presidency, will jumpstart America's collapsing economy, but critics (including nearly every Republican in the Senate) see the bill as a waste of taxpayer dollars. Is the stimulus the boost the American economy needs, or will it be the nail in the coffin of our financial future?
By signing the American Recovery and Reinvestment Act today, President Obama took the first step towards keeping his promise to pass a responsible plan that saves or creates four millions jobs, provides tax relief for hard-working American families, and invests in our long-term economic future. At a time when hundreds of thousands of Americans are losing their jobs each month, President Obama called on our leaders in Washington to come together to find practical solutions that prevent this economic crisis from deteriorating even further. I applaud those who answered that call by putting partisanship aside to pass a bill that provides the practical solutions America's working families need, expect and deserve. But this is only the beginning. Moving forward, we need more leaders in Washington to follow their example as we continue the hard work of getting our economy back on track.
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