Obama Details His Economic Recovery Plan

Last Saturday, Obama shared the most detailed outline of his economic stimulus plan. Describing what he called the American Recovery and Reinvestment Plan, Obama spelled out five main goals: double renewable energy production and make public buildings more energy efficient; rebuild crumbling roads, bridges and schools; computerize the health care system modernize classrooms, labs and libraries; and provide tax breaks to American workers. The main goal is to create 3 million jobs, he said. "Economists from across the political spectrum agree that if we don't act swiftly and boldly, we could see a much deeper economic downturn," Obama said. "That's why we need an American Recovery and Reinvestment Plan that not only creates jobs in the short-term but spurs economic growth and competitiveness in the long-term." Top Democrats are warning that even if lawmakers move quickly, it could take weeks for the plan to get signed into law. Read more on CNN Money