RECOVERY ACT 101

摘要

President Obama signed into law a $787 billion stimulus bill on Feb. 17,2009. Formally called the American Recovery and Reinvestment Act of 2009 (Recovery Act), this bill has enough money to provide $2,570 for every man, woman, and child in the U.S. (Do the math and you'll find it's based on a population of about 306 million.) rnInstead of directly giving us that kind of stimulus, the government has tailored the bill with the objective of saving or creating millions of jobs to halt the deepening recession and get the economy back on track. Pennsylvania's Republican Senator, Arlen Specter, provided one of the key swing votes that allowed passage of the bill. Senator Specter said, "I supported the economic stimulus package for one simple reason: The country could not afford not to take action. The unemployment figures, the latest earning reports, and the continuing crisis in banking made it clear that failure to act would have left the United States facing a far deeper crisis in the future."