President Obama signed the economic stimulus bill into law yesterday (Feb. 17) in Denver, hopefully marking a turning point in an otherwise dismal economy. Yesterday the DOW also fell an additional 300 points, following a heightening of the bank scare around the world.
In this context, Obama's statement at the bill signing was right on point. "Economists from across the spectrum have warned that failure to ack quickly would lead to the disappearance of millions more jobs, and national unemployment rates that could be in the double digits. No one policy or program will solve the challenges we face right now, nor will this crisis reced in a short period of time. However, with this act we begin the process of restoring the economy and making America a stronger and more prosperous nation." Obama Signs Stimulus Legislation with $301 Billion in Tax incentives, BNA, 30 DTR GG-1.
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