How the Stimulus is Changing America. By Michael Grunwald, Time, August 26, 2010. "The American Recovery and Reinvestment Act of 2009 -- President Obama's $787 billion stimulus -- is about jobs, sure. But it is also about fighting oil addiction and global warming, transforming health care and education, and building a competitive 21st century economy... Obama has spent most of his first term trying to clean up messes -- in the Gulf of Mexico, Iraq and Afghanistan, on Wall Street and Main Street -- but the details in the stimulus plan are his real down payment on change. The question is which changes will last. Will electric cars disappear after the subsidies disappear? Will advanced battery factories migrate back to China? Will bullet trains ever get built? The President wants to extend [its] transformative programs. But would they be substitutes for the status quo or just additions to tack onto the deficit? And would they survive a Republican Congress?"
2010-09-06
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