Classroom Publication

Issue date: 11/10/08 Section: Voters

Media Credit: Shaun Savarese

The President signed the $787 billion recovery package into law February 17, 2009 in Denver, CO, stating that it would "mark the beginning of the end" of American economic problems.

The President, inspired by the sweeping scope of the landmark bill, gave thanks to his Vice President, to Congresswoman Nancy Pelosi, to Senator Harry Reid and all of the committee chairs and congress members who worked on the package.

"Taken together with the enactment earlier this month," he said, "we have done more in 30 days to advance the cause of health reform than this country has done in a decade. That is something to be proud of."

The recovery package will invest $58 billion into health care and invigorate "historic commitment to wellness initiatives."

$43 billion is to be invested in energy.

$53 billion is to be invested in education and training.

$81 billion is to be invested into protecting the vulnerable.

$144 billion is to be invested in State and local fiscal relief.

$111 billion is to be invested in infrastructure and science.

$288 billion is to be invested towards tax relief effort.

The President reaffirmed the importance of America's banking system. "This is the first part of a broad program. We need to restabilize, repair and reform our banking system," he said.

President Obama's deluging campaign for bipartisanship was by republican calls of pork-barrell spending and exorbitant tax relief.

He appeared excited and anxious to sign the bill, calling Americans to "get to work," as he clutched the first of the ten pens required to pass the bill into law.

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