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BREAKING NEWS: President Obama Praises Passing Stimulus Package

Saturday, February 14, 2009 | Tag Cloud

President Barack Obama speaking to the nation on his stimulus package. Via White House

Worthy News Staff

President Barack Obama speaking to the nation on his stimulus package. Via White House
President Barack Obama speaking to the nation on his stimulus package. Via White House

WASHINGTON D.C, USA (Worthy News) -- United States President Barack Obama on Saturday, February 14, praised Congress for passing his $787 billion economic stimulus bill saying "we've delivered real and tangible progress for the American people," amid the worst recession since the Great Depression of the 1930s.

His comments in his weekly radio address came just hours after the Senate approved the bill with a final vote 60-38, the minimum it needed to pass, hours after the House of Representatives passed an identical law, 246-183.

Three Republicans -- Senators Susan Collins, R-Me., Arlen Specter, R-Pa., and Olympia Snowe, R-Me. -- voted for it. Earlier in the day, no Republicans in the House voted for the legislation and just seven Democrats voted  against it, underscoring tensions over how to solve America's crisis.

The action capped weeks of arguing over how Congress could best stimulate an economy suffering a rising jobless rate of 7.6 percent and a banking crisis that has nearly frozen lending.

"MAJOR MILESTONE"

Obama on Saturday, February 14, called the passage of the legislation "a major milestone on our road to recovery," and he thanked members of Congress for coming together in common purpose to make it happen.

He said the bill, which he will sign into law next week, will save or create more than 3.5 million jobs over the next two years, ignite spending by business and consumers and lay a new foundation for lasting economic growth and prosperity.

Yet, conservative politicians have described their doubts and speak of excessive government spending that they claim will leave generations in debt. Obama stressed however there would be "unprecedented accountability, responsibility and transparency" once the stimulus plan is put into action.

A new Web site (www.recovery.gov) will allow anyone to keep track of where the money goes and weigh in with comments and questions, he said.

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Worthy Christian News » US News » BREAKING NEWS: President Obama Praises Passing Stimulus Package

2 thoughts on “BREAKING NEWS: President Obama Praises Passing Stimulus Package

  1. Praying!

    The Road To Recovery

    "For so hath the Lord commanded us, saying, I have set thee to be a light of the Gentiles, that thou shouldest be for salvation unto the ends of the earth.
    "And when the Gentiles heard this, they were glad, and glorified the word of the Lord: and as many as were ordained to eternal life believed."
    "And the word of the Lord was published throughout all the region." Acts 13:47-49

    Is Jesus Christ And Him Crucified

    Hallelujah!

  2. We will see how much "progress" we make in the coming years, while those pulling the wagon are enslaved with heavier and heavier burdens and stricter monitoring on everything from the way we teach our children to the way we purchase goods, as opposed to those sitting in the wagon, who demand more and more that government gives them their "rights" and livelihood, and as hundreds of thousands of people who have no intention of being loyal to this country continue to ride the backs of those honest and hard working ones that don't expect handouts from anyone.

    "The poor you will always have with you, but you will not always have Me", Jesus said. Yes, feed the REALLY poor, not the lazy "takers"....decide what is truly important! Don't be a so called "Christians" who would rather fund social programs and hold back the good that is due, namely, the gospel of Jesus Christ!

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Worthy Christian News » US News » BREAKING NEWS: President Obama Praises Passing Stimulus Package