Dateline: February 18, 2009, Denver, Colorado:
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Backers predict the package will save or create 3.5 million jobs. About $282 billion is devoted to tax cuts, including breaks for individuals and businesses. The spending includes, among other things, expanded unemployment benefits, food stamps, health care subsidies for those laid off and aid to states. And it includes spending for construction of highways and bridges, school renovations and incentives for health care facilities to replace paper records with electronic systems.
Dateline: October 11, 2010, Washington DC:
Unemployment, which stood at 10.8% in February, still stands at 10.1% 18 months later.
Another abortion of a bill, passed in less than a month of analysis and debate by an overzealous congress and president, is coming back to bite us in the ass.
The signing culminated a full White House press to pass the legislation, one of the largest economic rescue programs since Franklin Roosevelt's New Deal. It was a remarkably speedy achievement, enacted into law less than a month after Mr. Obama took office.
Rep Boehner had it exactly right:
Congressional Republicans, who were largely united in their opposition to the bill, said they were disappointed by the final outcome. "The flawed bill the president will sign today is a missed opportunity, one for which our children and grandchildren will pay a hefty price," House Minority Leader John Boehner (R., Ohio) said in a statement.
Honestly, this entire administration should be run out of town on a rail.