Economic Recovery on the Way

President Obama released more details on his economic recovery plan early this week. The plan covers five major areas:

• ENERGY, including weatherizing at least 2 million homes and doubling U.S. renewable-energy capacity
• HEALTH CARE, guaranteeing health care coverage to 8.5 million Americans who lose their jobs and risk losing their health insurance
• EDUCATION, offering a new tax credit to make college more affordable and also doubling the size of the Early Head Start Program
• INFRASTRUCTURE investments that would tighten security at 90 major ports, repair and modernize thousands of miles of roadways and begin new waste water projects, including rural water and sewer projects
• TAX CUTS & BENEFITS, which would cut taxes by about $1000 for 95 percent of U.S. families and also extend the child tax credit to parents of 6 million more children as well as offer increases in food stamp benefits to 30 million people.

The Washington Post gives more detail in its 1/25/09 story "Obama Details Recovery Plan" by Philip Rucker.