Wednesday, January 28, 2009

House passes $819 billion stimulus bill

On Wednesday evening, the House passes the $819 billion stimulus bill.
Despite Obama's push for bipartisan support, no republicans voted for it and 11 Democrats voted against it.
The final vote was 244-188.
Next week, the Senate will begin the vote on the bill.
"I hope that we can continue to strengthen this plan before it get's to my desk" President Obama stated. "We must move swiftly and boldly to put Americans back to work and that is exactly what this plan begins to do."
The package offers opportunity to immediately replace lost jobs and restart economic growth. Such features were exemplified by almost complete support by Democrats.
House Speak Nanci Pelosi states that this bill does good on the inaugural address delivered by Obama last week. She states that this bill begins taking America in a new direction.
The critics of the bill examine the monstrous spending affiliated with it, the potential effectivness, and the lack of tax cuts.
Republicans lean towards tax-cuts to quickly jumpstart the economy, not slow moving spending.
Voted down by the House was a Republican amendment that slashed spending for the bill and added tax-cuts.
To pass a Senate vote, the bill will need a total of 60 votes, which will require 2 republican votes.
It is agreed that the bill is needed on the President's desk before the law maker's recess on President's Day in mid February.

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