Obama Stimulus

Barack Obama's economic stimulus plan aims to inject $120 billion into the economy. It includes providing an immediate $250 tax cut for workers and families, a $250 payment to seniors, additional payments if unemployment rises, assistance for homeowners facing foreclosure, $10 billion in relief for states hardest hit, and expanding unemployment insurance. The goal is to directly help those most in need and increase economic activity while lessening the impact of a potential recession.