Federal Government

President Obama's Recovery and Reinvestment Plan

Posted on Saturday, March 7, 2009

With each passing day, families across America are watching their bills pile up and their savings disappear.

President Obama believes that if we do not act quickly, this recession could linger for years – and America could lose the competitive edge that has served as the foundation for our strength and standing in the world.

That's why the President has put forth an American Recovery and Reinvestment Plan that will jumpstart job creation and long-term growth by:

Doubling the production of alternative energy in the next three years.
Modernizing more than 75% of federal buildings and improve the energy efficiency of two million American homes, saving consumers and taxpayers billions on our energy bills.
Making the immediate investments necessary to ensure that within five years, all of America’s medical records are computerized.
Equipping tens of thousands of schools, community colleges, and public universities with 21st century classrooms, labs, and libraries.
Expanding broadband across America, so that a small business in a rural town can connect and compete with their counterparts anywhere in the world.
Investing in the science, research, and technology that will lead to new medical breakthroughs, new discoveries, and entire new industries.
On January 8th, 2009 -- less than two weeks before taking office -- President Obama spoke on the need for urgent action on his American Recovery and Reinvestment Plan to save or create over 3 million jobs while investing in priorities like health care, energy, and education that will jumpstart economic growth. The plan represents not just a new policy, but a new approach to meeting our most urgent challenges.

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