From the President's remarks on signing the American Recovery and Reinvestment Act

Remarks by the President and Vice President at Signing of the American Recovery and Reinvestment Act

…. Libraries are mentioned!

“…..Because we know America can't out-compete the world tomorrow if our children are being out-educated today, we're making the largest investment in education in our nation's history. (Applause.) It's an investment that will create jobs building 21st century classrooms and libraries and labs for millions of children across America. It will provide funds to train a new generation of math and science teachers, while giving aid to states and school districts to stop teachers from being laid off and education programs from being cut.

In a place like New York City, 14,000 teachers who were set to be let go may now be able to continue pursuing their critical mission. It's an investment that will create a new $2,500 annual tax credit to put the dream of a college degree within reach for middle-class families and make college affordable for 7 million students -- (applause) -- helping more of our sons and daughters aim higher, reach further, fulfill their God-given potential. (Applause.) ….”