February 17th, 2009
02:25 PM ET
6 years ago

Stimulus: Now for the hard part

Obama will sign the stimulus bill into law Tuesday.
Obama will sign the stimulus bill into law Tuesday.

NEW YORK (CNNMoney.com) - President Obama on Tuesday will sign the $787 billion American Recovery and Reinvestment Act into law. But he's far from being able to declare "Mission Accomplished."

Even though debate over the legislation was fraught with partisan fighting and what some characterize as strategic missteps by the nascent administration, getting the law passed was the easy part.

Far more difficult will be gauging whether the legislation's trademark initiatives - which include improving physical infrastructure, investing in energy projects and providing financial relief for families by way of tax cuts and increased government benefits - are really doing the trick.

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Filed under: stimulus plan
soundoff (94 Responses)
  1. mw

    The majority remains behind you 100% Mr. President.
    Republicans can eat dirt.

    February 17, 2009 03:27 pm at 3:27 pm |
  2. Matthew, Detroit

    ooooooh.... very scary.... Arithmetic Liberal is all upset.

    Poor poor baby. Wow you lost it dude. Get a life. No one can do anything about the next 2 years. The liberals won and we will see how it shakes out. If he is your savior maybe he gets re elected.

    Maybe somehow the country saves itself. Elections in 2010 or 2012 could go either way. Maybe the boy will grow up fast enough. I suspect not but maybe.

    If not someone conservative will go in and hopefully be able to fix all the damage this idiot Barack is causing.

    February 17, 2009 03:28 pm at 3:28 pm |
  3. Kevin in Ohio

    This bill will not work because, quite simply, it has nothing to do with stimulus.... its a wish-list-come-true for Pelosi, Reed and the liberal establishment. The ONLY way to truly stimulate the economy is to put money back in the hands of the people who earned it so they can spend it. Yes, "trickle-down".... and it was PROVEN to work under Regan. Its basic Econ 101.... each dollar spent for goods and services has a multiplier effect several times over. All the money under this "pork" package will just line the pockets of greedy politicians, activists and ACORN type groups, and union bosses. All this bill will do is grow a larger entitlement-minded dependency that will vote democrat because they don't have to work for their money.

    February 17, 2009 03:28 pm at 3:28 pm |
  4. JED

    you poor sillies, don't you know that the government gets its money from "The Magical Land of Enchantment"? Why, the President & Congress simply close their eyes real tight & wish with all their mighty might, and beautiful money appears on a heavenly cloud! Tsk, and some of you think that is about taking taxpayers hard-earned money, keeping some for the politicians, giving some to companies that couldn't manage what they did have, and then throwing a nickel or two back your way so that you feel "stimulated"!!

    February 17, 2009 03:28 pm at 3:28 pm |
  5. SEEMS FAMILIAR

    For some reason....this all just seems to remind me of an old Eddie Murphy movie..................................Trading Places............

    I wonder ? hmmmmmmmm.........

    February 17, 2009 03:30 pm at 3:30 pm |
  6. Matthew, Detroit

    Now what do I do.....

    Let me see. I will pull out my Castro, Putin, Chavez Playbook.

    Change the constitution. Tell people I can not fix everything and need more time because of all those bad rich white americans.... elect me as CAESAR and I will run the Senate.

    I will give all the poor and broken as much as possible. Nationalize the BANKS, The Oil companies, Industry, resources... Now I control everything. I will HELP all you little people to think. Rough Road Ahead

    February 17, 2009 03:31 pm at 3:31 pm |
  7. Obama Cares

    at least this money will stay in America, not in some foriegn country on a war based on a bunch of lies.

    February 17, 2009 03:32 pm at 3:32 pm |
  8. Staunch Democrat

    Really?

    How much stock did you have prior to Nov, 4th and what is the value or your home now?

    ________________________________________

    NY republican February 17th, 2009 3:12 pm ET

    "Mission Acomplished" – the Dow-Jones is now down another 271 points!

    February 17, 2009 03:33 pm at 3:33 pm |
  9. arithmetic is liberal

    If you're such a Fan of Common Sense, then where were you 21 days ago and for the past 8 years before that when the Republicans ran up $10 Trillion in debt to the Chinese to finance their tax cuts for the rich and dead American soldiers?

    February 17, 2009 03:33 pm at 3:33 pm |
  10. Michael

    The hard part for Obama will be explaining to the American people 4 years from now how he made the mess we are in 20 times worse.
    Obama will be a one term loser.

    February 17, 2009 03:34 pm at 3:34 pm |
  11. Sniffit

    GOP gameplan: bad-mouth the stimulus bill to ruin consumer and investor confidence so it is less effective that it otherwise would be. Sow fear and dissension, spew hate and lies, ensure that everyone suffers as much as possible during the economic downturn so they can try to pin it on Obama and the Dems. Punish America in retaliation for America telling them we've had enough of their BS.

    February 17, 2009 03:37 pm at 3:37 pm |
  12. Marc

    Kiss that money goodbye, I'm afraid. Oh, well, I don't have any kids. Someone else's will have to pay back the loan...

    February 17, 2009 03:37 pm at 3:37 pm |
  13. Sniffit

    Republicans hate the America they don't control.

    February 17, 2009 03:37 pm at 3:37 pm |
  14. Jim

    @ Arithmetic is liberal: This country is the victim of the so called stimulus bill. You obviously do not know math, or your liberal version is entirely out of whack.

    This is not a stimulus. Read it. There is no defense for it. It was voted on in the blind. (In case you don't understand, those voting on it did not read it.) It has garbage that in no way will impact the economy of this country. Several Billion Dollars of it. Wake up. You are the one spewing bile, as I have been watching you over several posts.

    This country needs to wake up. WE ARE IN TROUBLE. When you get loaded with debt, do you go spend more money to get you out???????

    February 17, 2009 03:38 pm at 3:38 pm |
  15. Sniffit

    @ Fan of Common Sense

    You do realize that it was Bush who borrowed us into obscene debt to the Chinese, don't you? Remember that silly ar in Iraq that was based entirely on lies? You know, the one costing us over $10B per month?

    February 17, 2009 03:40 pm at 3:40 pm |
  16. Laverne

    @ Fan of common sense: Are you living on the planet Earth? I don't know what part you don't understand, Our country is already indebted to the Chinese. Some of you are acting as if everything is okee dokee. We are in the worst financial shape that most can remember. Maybe not today, but one day you will thank Obama for not letting this country slip into a deeper recession and it's called a depression!

    February 17, 2009 03:43 pm at 3:43 pm |
  17. Island girl

    Obama Victim, et al: I am sorry to know that Bush (the cream of the crop) cannot help in in such times. So, would you like to take over the presidency?

    February 17, 2009 03:43 pm at 3:43 pm |
  18. boered1

    thats right Obama victim, only three years and 11 months to go until the PRESIDENT IS REELECTED probaly by a large majority again!

    February 17, 2009 03:44 pm at 3:44 pm |
  19. Once you vote Black

    Obama Victim, move to Alaska. I am sure they can keep you in oil and grease for 3 years and 11 months.

    February 17, 2009 03:47 pm at 3:47 pm |
  20. Will-South Dakota

    The GOP Leadership has sunk the ship from 8 years of their "fiscal responsibility". McConnell and Boehners leadership are a joke, they need PINK SLIPS for their lack of oversight. The GOP leadership under Bush sold the US economy to the Chinese, remember he's the one who sent us to war. Obama is doing something fundamentally right in helping America, he tried with the GOP leadership and got his hand slapped by the arrogant self serving GOP leadership. Why does he need them now.

    February 17, 2009 03:48 pm at 3:48 pm |
  21. Mike

    Hey Obama cares....

    You think this money is staying in the country? Are you forgetting that 40% of this bill is a whopping 13/week taxcut......

    whete is that 13$ a week going....thats right 13 more items at the dollar store....and where is everything in the dollar store made.....

    hmmm....
    hmmmmmm
    hmmmmmmmmm...

    you people are clueless about how eceonomics work....and I'll stick up for Obamavictim....we are all victims because the man is taking my money and spending it on his immorral social agenda.

    February 17, 2009 03:48 pm at 3:48 pm |
  22. Sam Sixpack

    "Now for the hard part"

    How to steal the next trillion dollars.

    February 17, 2009 03:49 pm at 3:49 pm |
  23. stillsupportspresident

    Obama is not as short-sighted as Bush to claim anything is accomplished. He specifically states this when addressing the concerns of the country. To understand Obama's point of view, what you have to do is turn down your station blasting Limbaugh and actually LISTEN to what he is saying to get the gist. Give it a shot...like...you can just pretend he cares about the country and is doing everything he can...oh wait, he is doing that so no pretending is really needed!

    February 17, 2009 03:51 pm at 3:51 pm |
  24. Kevin in Ohio

    Obama Cares: "at least this money will stay in America, not in some foriegn country on a war based on a bunch of lies."

    Oh, really? what about money going to fund foreign abortion clinics? What about money hoing to Filipino WWII vets overeseas????????

    February 17, 2009 03:55 pm at 3:55 pm |
  25. Libertarian

    Now for the hard part...sitting down and reading what I just signed.

    Don't they warn you about reading the fine print at an early age? No one has fully read, understood and debated the merits and pitfalls of this bill.

    We're still trying to figure out what happened with Bush's bailout.

    February 17, 2009 03:56 pm at 3:56 pm |
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