President Barack Obama signed into law his hard-fought economic stimulus plan in Denver today. Obama used the ceremony surrounding the stimulus bill at the Denver Museum of Nature & Science, to underscore investments the spending plan will make in the "green" energy-related jobs.
Specifically for Michigan the bill could lead to 109,000 new jobs. According to an Associated Press report, Council of Economic Advisers Chairwoman Christina Romer and Obama's chief economist, Jared Bernstein, estimated the number of jobs for Michigan by studying the stimulus package's effect on working age population, employment and industrial composition in each state.
Michigan's two Democratic senators and eight Democratic U.S. House members voted for the package. But none of the state's seven Republican congressional members did. They say it creates too much debt and not enough jobs.
Plans for the bills money and tracking of it's spending can be followed at www.recovery.gov
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