The stimulus package is designed to create or save up to 3.6 million jobs over the next two years, boost consumer spending, and put the brakes on the recession. Equally important, in crafting legislation to help set the economy back on track, President Obama and Congress have seized the opportunity to begin the job of reshaping the economy into one that is greener, cleaner and more sustainable. The new economic stimulus package includes $71 billion for energy and environmental initiatives and another $20 billion for green tax incentives.
"We have begun the essential work of keeping the American dream alive in our time," Obama told the crowd that gathered to witness the historic occasion. "I don't want to pretend that today marks the end of our economic problems, nor does it constitute all of what we are going to have to do to turn our economy around. But today does mark the beginning of the end."
For a summary of the clean-energy and other green provisions in the 2009 economic stimulus package, see U.S. Economic Stimulus Package Includes Billions for Energy and the Environment.
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