Job done

Not exactly the way he wanted it, but he got the job done. Almost 800 billion dollars will be spent to stimulate the economy.

Criticism from the Republicans calls the plan a waste of money. Time will tell who was right, but there are two different courses of action for a government to take in a crisis like the current one. The first is to decrease public spending, decrease the budget deficit in order to look better for markets financing state debt. But this solution is only chosen by states close to bankruptcy (find some examples in central Europe). A country with sufficient reserves and an ability to act will only choose the second path increasing pubic spending, stimulating the economy, creating jobs and creating an extra demand in the market that is otherwise not there - just like good old Keynes told us to do. This will probably happen at a price of increasing budget deficit, but that is something not directly affecting the lives of people.

Well done President, looking forward to seeing the effects!