Wednesday, February 11, 2009

Senate Approves Stimulus Plan

On Tuesday, the Senate passed the $838 billion stimulus package passed by the house a few weeks ago.
While the bill saw full Democratic support, only three Republicans left their party to back the bill.
Senators Susan Collins and Olympia Snowe of Maine along with Arlen Spector of Pennsylvania gave their Republican support. "I am supporting the economic stimulus package for one simple reason: The country cannot afford not to take action,"
Spector stated that he had no option but to support the deal.
The 61-37 approval came as President Obama looked for public support in Florida- a state destroyed by foreclosures.
Negotiations will now begin to form a full compromise between both parties as well as the Senate and House as well as unemployment.
The Senate version of the bill looks to cut spending in the forms of school construction and state budgets.
However House Speaker Nanci Pelosi states that some spending needs to be restored for areas such as school construction.
Changes are headed do to the fact that the approval of the bill hinges upon three Republicans who are in essence holding all of the cards.
President Obama is moving to sign the bill into action before President's day. He pushed this desire by appealing to the public restating the benefits of the bill.
Obama stated that the bill would provide work for people creating wind farms and digital lines as well as repairing our roads and bridges.
3 million to 4 million jobs would be created.

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