President Barack Obama is ready to sign into law the most sweeping economic package in decades, a rescue plan meant to reinvigorate job creation, consumer spending and public optimism.
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Obama: 'A destiny of our own making'
by Mark Silva
"I don't want to pretend that today marks the end of our economic problems,'' President Barack Obama said today, calling the $787-billion economic stimulus bill that he signed "the beginning of the first steps to set our economy on a firm foundation.''
Obama, traveling to Denver to sign a measure that cleared Congress with only three Republican senators and no Republican members of the House supporting it last week, thanked the Democratic leaders of Congress for swift passage of the package.
"What makes this recovery plan so important is not just that it will save or create 3.5 million jobs,'' he said. "We're putting Americans to work on work that needs doing... We are remaking the American landscape with the largest new investment in our infrastructure since Eisenhower built the Interstate highways.''
Michael Steele, chairman of the Republican National Committee, offered another perspective on the bill today: "Americans looking for jobs and struggling to pay bills will be disappointed by the spending package written by congressional Democrats and signed by President Obama today. The transparency and bipartisanship that President Obama promised the American people was sacrificed to pass a pork-laden bill without any public review or meaningful Republican support.''
The spending in the plan represents the biggest federal investment in education ever, the president said, and does more to advance the cause of health care than anything done in the past decade.
"The road to recovery will not be straight. We will make progress and there will be slippage along the way. There will be hazards and reverses... But I have every confidence that if we are willing to do the critical work that needs to be done.... Then we will leave the struggling economy behind us....
"It's about rejecting the notion that our fate is somehow written for us,'' the president said, "and instead laying claim to a destiny of our own making.''
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