The Congressional Black Caucus (CBC) gathered at the Capitol Thursday to praise the House passing the American Recovery and Reinvestment Act. 27 of the 43 members showed their support of what Congressman Emanuel Cleaver (D-MO) called “the largest economic stimulant in history.” Cleaver also said that their constituents will benefit greatly. “The people we represent can feel comfortable with what we have included in this package. What we wanted in this package is what made it.”
The bill includes funds that will be given to each state to help failing schools, the healthcare system, and the creation of new jobs. Given the Black unemployment rate is almost double the national average, the CBC is proud to be apart of President Obama’s solution to create 3-4 million news jobs for the American people said CBC Chair Barbara Lee (D-CA).
But their work is far from finished. Congresswoman Maxine Waters (D-CA) is at the forefront of the home foreclosure fight. “We made sure that there is a continuation of stabilization funds for foreclosures in this bill. We asked for $4 billion, we got $2 billion and we’re going after TARP next! We’re on our way to correcting serious ills in this country.”
While Ways and Means Committee Chair Rep. Charlie Rangel (D-NY) was applauded for his work on getting this bill passed, his kudos were reserved for President Obama. “People are working hard everyday and still can’t afford to pay their bills and now we have a President that can help them.”
In an effort to help Americans recover from this economic crisis as soon as possible the White House plans to distribute majority of the funds over the next 18 months.