In his first weekly address since being sworn in as the 44th president of the United States, President Barack Obama discussed how the American Recovery and Reinvestment Plan will jump-start the economy.
(This video is public domain per White House copyright policy.)
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Congressional office admits:
Obama stimulus plan won’t meet job-creation target
By Patrick Martin
26 January 2009
The Obama administration and congressional Democrats began the final push for passage of an $825 billion economic stimulus plan this weekend, but an analysis by the Congressional Budget Office (CBO) conceded that the measure would pump far less money into the economy over the next two years and create far fewer jobs than promised.
Obama devoted his first Saturday morning radio address to the legislation, which is to be voted on in the House of Representatives Wednesday. Senate consideration would begin after House passage, with the first action scheduled for Monday, February 2.