Wednesday, February 11, 2009

Senate Approves Stimulus Plan- Responce

This success is perhaps the most crucial development of my topic. All of my previous research relates directly to this bill. As jobs have been lost and businesses closed (such as Circuit City and the Auto Industry) support has been provided only through large federal bailouts that have so far ceased to provide any real benefits for the tax payers. However, this bill is the first directed completely towards those paying for it. Its success or failure could be the catalyst for a major economic catastrophe or restoration. The fact that this bill has passed with three Republican supporters, proves the existence of a desire to do take action. While the bill received no Republican support at all in the House, the Republican support shown for the bill in the Senate is very important. I feel that this bill will be a major catalyst for change throughout the country unlike the previous spending put directly towards large corporations. Whether it is for good or bad, only time will tell. However with so much of the bill going directly towards the American citizen, there is no doubt that its impact will be felt by all.

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