“Americans know that our economic recovery will take years -- not months…Rarely in history has our country faced economic problems as devastating as this crisis. But the strength of the American people compels us to come together.”
- President Barack Obama [1/31/09]
In a new Gallup poll released today, 75 percent of those surveyed support economic recovery legislation. But in the face of this escalating crisis, Americans understand there is no quick fix to our economic troubles. A strong majority - 64 percent - say President Obama's Recovery and Reinvestment Act will make the economy better though major results will take longer than one year.
Last week, the House passed the American Recovery and Reinvestment Act, working from priorities shared with President Obama. This week, the bill moves to the Senate for consideration.
A staggering 2.6 million American jobs were lost in the last year of the Bush Administration -- the culmination of a failed economic approach -- one that also doubled our national debt in eight short years. We need a New Direction.
- create and save 3 to 4 million jobs, rebuilding America, making us more globally competitive and energy independent, and transforming our economy for long-term growth.
- give 95 percent of Americans an immediate tax cut.
- invest quickly into the economy - 75 percent in the first 18 months.
The Recovery Act has unprecedented accountability measures built in--providing strong oversight, an historic degree of public transparency, and including no earmarks.