Saying it will create jobs by "doing what America needs done," President Obama today signed a $787 billion economic stimulus package into law.
The measure, which won final approval in the House and Senate on Friday with no GOP support in the House and just three Republican votes in the Senate, is aimed at jumpstarting the economy which has been in a recession since December 2007. The bill combines tax cuts and increased spending for school construction, transportation projects, health insurance for the unemployment and an array of other programs.
"We have begun the essential work of keeping the American Dream alive in our time," he said.
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Obama added that he hoped the measure would "ignite our imagination once more, spurring new discoveries and breakthroughs that will make our economy stronger, our nation more secure, and our planet safer for our children."
He signed the bill at the Denver Museum of Nature and Science on the first part of a two-day trip top highlight his economic initiatives. He is scheduled to unveil his housing plan during a speech in Phoenix tomorrow.
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