Obama Signs $787 Billion Stimulus Bill

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President Obama signed into law today the $787 billion “American Recovery and Reinvestment Act,” the largest spending bill in U.S. history, a package he pledges will save millions of jobs and bring the country back from the brink of economic catastrophe.

In a speech and signing ceremony held at the Denver Museum of Nature and Science, to underscore the new law’s role in creating clean-energy job’s, Obama said the law is aimed at creating millions of jobs and halting the U.S. economy’s downward spiral.

This bill begins “the essential work of keeping the American dream alive in our time,” he said.

The Obama administration also launched a website today called Recovery.gov, which provides visitors a running update on every penny spent from the Stimulus Package. According to a video message from the president posted on the site, as the “American Recovery and Reinvestment Act” money goes out, every dollar spent will be posted on the site — even going so far as to promise to indicate how much individual Federal contractors are getting paid. Lots of maps, charts and graphics are promised. There is also a spot on the site where visitors can share stories about how the recovery act is affecting their lives.

Here’s the president’s video:

Greg Sitek

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