President Obama has signed the Stimulus Bill and the hope is that putting the plan into action will jumpstart the economy and bring some relief to recession weary Americans.
Word has it that President Obama has also readied “a new $50 billion foreclosure rescue for legions of Americans who are in danger of losing their homes.”
White House press secretary, Robert Gibbs, said today that President Obama has also “not ruled out a second stimulus package. Let’s hope we don’t need to go down that road, but frankly, as a small business owner, I want to see the economy back on track.
While speaking to reporters on Air Force One, en route to Denver, Mr. Gibbs said, “I think the president is going to do what’s necessary to grow this economy.” While “there are no particular plans at this point for a second stimulus package,” he added, “I wouldn’t foreclose it.”
Obama will visit Phoenix on Wednesday, where he will “unveil his new housing plan.”
Americans United Coalition released an ad today to remind everyone that economic recovery act is one of the many steps the government needs to take to straighten out the economy:
Well… I think consumers need to get their confidence back. We’ll see what the stimulus brings before we all run out and spend, eh?
[Originally published at TaylorMarsh.com]