2009 Stimulus Bill Research Paper Example | Topics and Well Written Essays - 2500 words

2009 Stimulus Bill - Research Paper Example The day that President Obama signed the American Recovery and Reinvestment Act, he made a speech in Denver, which was city where he accepted the Democratic Party’s nomination for the presidency. President Obama addressed the mayors regarding the stimulus plan and he highlighted the important aspects of the plan similar to his speech that he gave in Denver. President Obama had a meeting with the Prime Minister of Canada and took the opportunity, during the press conference to discuss the benefits of the stimulus plan. When Congress authorized the $787 billion economic stimulus package, not one House Republican voted for the stimulus plan. House Minority Leader John Boehner indicated that the plan would only make larger bureaucracies and not create jobs. Bill overview The American Recovery and Reinvestment Bill was the first essential step by the government to produce and preserve three to four million jobs, start up the economy, and start transforming the economy for the 21st c entury with $787.2 billion in economic improvement tax cuts and directed priority investments (Summary of Economic Stimulus Bill, 2009). The American Recovery and Reinvestment Plan allows for unparalleled supervision, responsibility, and clearness to make certain that taxpayer dollars are invested successfully and efficiently (Summary of Economic Stimulus Bill, 2009). ... The American Recovery and Reinvestment Plan seeks to put individuals in employment to cut down America’s reliance on foreign oil by strengthening attempts aimed at increasing renewable energy manufacture and modernize public structures to make them more energy efficient.  (Summary of Economic Stimulus Bill, 2009). The plan will invest more than $30 billion to alter the country’s energy diffusion, delivery, and creation systems and investing $5 billion to weatherize middle class homes (Summary of Economic Stimulus Bill, 2009). The stimulus plan will invest $15 billion for science facilities, research, and instrumentation and $7.2 billion to expand broadband internet access in attempt to help companies compete in a global economy.  (Summary of Economic Stimulus Bill, 2009). The American Recovery and Reinvestment Plan will invest $27.5 billion for highway construction, $16.5 billion to renew federal and other public infrastructure, $18.8 billion for clean water, flood control, and environmental restoration, and $17.7 billion for transportation initiatives to cut down traffic congestion and gas use (Summary of Economic Stimulus Bill, 2009). To facilitate children to be taught in 21st century schoolrooms, the stimulus plan will invest $26 billion in school districts, $53.6 billion in state fiscal aid to avoid cutbacks to vital services, and $15.6 billion to enlarge the Pell grant (Summary of Economic Stimulus Bill, 2009). In an effort to keep jobs, money, and lives, the stimulus plan will invest $19 billion for health information technology to avert medical errors, supply enhanced care to patients and establish cost-saving efficiencies and $2 billion to offer preventative care and to assess the most efficient healthcare treatments (Summary of Economic