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Published:October 5th, 2009 08:49 EST

We Need To Remember Where the $168 Billion Economic Stimulus Package Came From

By Judyth Piazza CEO (Editor)

President George W. Bush signed into law today a $168 billion economic stimulus package designed to avoid a recession by boosting spending among consumers and businesses.

U.S. economic growth ``has clearly slowed,`` Bush said in a ceremony at the White House, surrounded by congressional Democrats and Republicans who put aside differences to pass the measure last week. ``The bill I`m signing today is large enough to have an impact,`` Bush said.

Rebate checks will be sent to more than 130 million Americans beginning in May. Those eligible for payments include 20 million senior citizens and 250,000 disabled veterans.

The stimulus package would cost the Treasury about $151.7 billion this year and an additional $16.3 billion next year, according to the Joint Committee on Taxation. The measure also gives tax incentives to businesses to invest in new equipment.

P.S   President Obama did not GO to WAR Bush did! Remember?