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How Will Obama's Stimulus Bill Affect America?

After intense negotiations and several false starts, President Barack Obama signed the controversial $787 billion stimulus bill into law on February 17, 2009. Obama is hopeful that the bill, which he has made the centerpiece of his young presidency, will jumpstart America's collapsing economy, but critics (including nearly every Republican in the Senate) see the bill as a waste of taxpayer dollars. Is the stimulus the boost the American economy needs, or will it be the nail in the coffin of our financial future?

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Relief for Struggling Families

By: Democratic National Committee

Stimulus Will Help Hard-Working American Families



By signing the American Recovery and Reinvestment Act today, President

Obama took the first step towards keeping his promise to pass a

responsible plan that saves or creates four millions jobs, provides tax

relief for hard-working American families, and invests in our long-term

economic future. At a time when hundreds of thousands of Americans are

losing their jobs each month, President Obama called on our leaders in Washington

to come together to find practical solutions that prevent this economic

crisis from deteriorating even further. I applaud those who answered

that call by putting partisanship aside to pass a bill that provides

the practical solutions America's working families need, expect and

deserve. But this is only the beginning. Moving forward, we need more

leaders in Washington to follow their example as we continue the hard work of getting our economy back on track.

Americans Deserve Better

By: Republican National Committee

We Need Real Bipartisan Solutions



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.

In these difficult economic times, it is imperative that

Republicans and Democrats work together to create new jobs and grow the

economy. Instead, Congressional Democrats worked behind closed doors to

write legislation that will fall short of creating the promised new

jobs, but will guarantee a larger debt burden on our children and

grandchildren.

Republicans are unified in our disagreement with Congressional

Democrat leaders and President Obama on this bill. It all comes down to

this - the Democrat plan focuses on putting Americans on the public

dole, while the Republican plan focuses on putting America back to work.

The Republican Party stands ready to work together in a bipartisan

manner with the Democrat leaders in Congress and the President.

Hopefully they will learn from the mistakes in this bill and be

interested in true bipartisan efforts in the future.

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