The federal economic stimulus package signed into law by President Obama on February 16th will benefit Alabama. The massive $787 billion stimulus bill passed the House and Senate after a compromise was reached. In my opinion, this measure was badly needed to get our economy moving. As I understand it, the package will provide slightly more than $3 billion to Alabama, which will be broken down as follows: nearly $609 million for fiscal stabilization of education programs in Alabama; $850 million for Medicaid; and $541 million for highways and bridges.
Our economy is in trouble and President Obama inherited a real mess from the Bush gang. The American people should support him as he works diligently to revive the economy. The Stimulus Package clearly appears to be a step in the right direction. The alternative of doing nothing – as some appear to believe is the proper course – would have been a terrible mistake.
We are going to come through these tough times in my opinion and our nation will be the stronger for it. All Americans have learned some valuable lessons over the past several months and many of them were extremely painful. It’s now time to move forward and fix the wrongs that have put our economy in such a mess. We are all in this situation and it will take all of us pulling together to get our nation out of a most severe crisis.
Source: Associated Press
Contact us today for a free legal consultation with an experienced attorney.
Fields marked *may be required for submission.
If you would like to subscribe to the Jere Beasley Report digital edition, simply visit our Subscriptions page and provide the necessary information or call us at 800-898-2034.
Attorney Advertising - Prior results do not guarantee a similar outcome.