Saturday, January 10, 2009

American Recovery and Reinvestment Plan

Today, Obama team announced the American Recovery and Reinvestment Plan (Finally!). The plan will focus on:
  • Investments in infrastructure, education, health, and energy
  • Increases in food stamps and expansions of unemployment insurance
  • State fiscal relief to alleviate cuts in health care, education, and prevent increases in state and local taxes (I hope state governors read it!)
  • Business investment incentives
  • A middle class tax cut

The plan also shows the detailed breakdown of the stimulus impact on employment increases. It is a little bit weird that it didn't show the breakdown of money spending. It seems missing something. Anyway, it looks OK.

Update Interview with Romer (CEA chairman) about the stimulus plan as well as Obama's talk about the plan.