What’s it going to take to jump-start the economy? How does almost a trillion dollars sound? That’s the amount that President Barack Obama is considering for his American Recovery and Reinvestment Plan, which he introduced to the public in his weekly address on Saturday.
Knowing the criticism that awaits the plan—with its massive price tag and fewer tax breaks than Republicans would have liked—when it reaches Capitol Hill, the president offered specifics to make his case.
“We will double our capacity to generate alternative sources of energy like wind, solar, and biofuels over the next three years,” Obama said.
The stimulus would also:
move that new power by laying down 3,000 more miles of electric transmission lines;
make federal buildings more energy efficient;
weatherize 2.5 million homes. computerize the nation’s health records in five years;
protect health insurance for 8 million Americans in danger of losing their coverage;
modernize 10,000 schools. spend more on college grants;
create new mass transit projects;
secure 90 major ports and expand broadband access to millions of Americans