Obama to Sign Stimulus Bill Tuesday in Denver

After the final version of the stimulus bill passed through both houses of Congress on Friday, it was announced today that President Obama will sign the bill into effect Tuesday while he is traveling through Denver. Obama had initially said that he had hoped to sign the bill before President's Day tomorrow, but he has decided to delay it until departing from Washington, where hearings on the bill have led to a fierce partisan war both on the floors of Congress and in the press. On Face the Nation today, Obama's Press Secretary Robert Gibbs said, “He wants to get out of Washington and show people all across America the benefits of what’s inside this economic recovery and reinvestment plan." The president is scheduled to talk about his economic agenda in Denver, the city where he accepted the Democratic nomination for president in August. Governor Paterson has said that New York expects to see at least $24.6 billion over the next two years from the bill.

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By Billy Parker in News on February 15, 2009 1:12 PM

Comments [rss]

glennQNYC

This Democrat bill is a crime.

Zyskandar A Jaimot

LINCOLN was known as the 'GREAT EMANCIPATOR' because he freed the 'SLAVES' - OBAMA will be known as the 'GREAT TAX OVERSEER' for enslaving/placing us and our children's children in MARXIST DEBT & DICTATOTIAL DICTATES!!! ALL HAIL OUR NEW STALIN PTEZ BARACH'incurably-dishonest'OBAMA. Ha.

longacre

Glad they urgently rushed this thing to a vote without time for anyone to read it partially at Obama's urging, only to have him not sign it until several days later.

Queensobserver

All this so called plan would have been avoided if the banks had encouraged a conservative approach to buying homes, that is, a 20 percent downpayment to qualify for a mortgage.

People who buy without any equity invested will pay prices higher that market so they can have the property. Increasing debt to solve the debt problem is dubious.

It will be defintely inflationary. One can buy a car for 1 cent down now but your till loose 25 percent when you walk off the showroom floor.Of course, a car is not an investment, it is an expense.Save your money and buy gold, or invest in your children's education. "That's what a Congressman or a Senator is for --

to see that too much money don't accumulate in the national Treasury."

-- Will Rogers