The Stimulus Program will benefit the poor first and foremost. President Obama signed the $787 billion economic stimulus bill into law on Tuesday, February 17, 2009. This historic rescue package is just one of a raft of recovery measures the new administration is introducing in an attempt to get the economy on its feet again as quickly as possible.
For sure, the stimulus package is the product of much compromise and wrangling in Congress, and it’s far from perfect. A lot of the infrastructure spending provisions will take months or even a year or two to implement, and might not start generating jobs, spending and other economic activity until the recession is already ending.
