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As the Stimulus/spending plan is being readied for a vote, major networks are already analyzing, critiquing, and predicting.
Here are a few selections across the spectrum, beginning with Sam Donaldson on ABC News:
Over on MSNBC, TODAY’s Meredith Vieira talks to Lawrence Summers, President Obama’s economic policy adviser, about the economic stimulus plan.
And on Fox Business Network, Sen. Charles Grassley (R-IA), the ranking member of the Senate Finance Committee, discusses why the stimulus bill was a missed opportunity for Republicans and Democrats to achieve bipartisan support.
And finally, Sen. John McCain was interviewed by Fox News this morning concerning Gregg’s withdrawal and the stimulus bill.
The Associated Press gave us a few details concerning the new bill this morning.
The 1,071 page measure — eight inches thick — was posted on an overburdened congressional Web site late Thursday, giving lawmakers just a few overnight hours to read it before debate resumed in both the House and Senate Friday morning. Just on Tuesday, the House voted unanimously to recommend that lawmakers and the public have at least 48 hours to read the legislation before a vote.
The plan, freshly estimated at $787 billion by the Congressional Budget Office, combines $281 billion in tax cuts with $308 billion in outlays funded by the appropriations committees and about $198 billion in spending for benefit programs such as unemployment assistance, $250 payments or millions of people receiving Social Security benefits, and extra money for states to help with the Medicaid health program for the poor and disabled. Obama’s “Making Work Pay” tax cut would be scaled back from $500 for most workers to $400, with couples getting $800 instead of $1,000.
So now we’ve heard from the left, the right, and in between. And all of these serve to raise even more questions for taxpayers at this point.
Sound off – what are your personal thoughts about how the new stimulus/spending plan will help you in your life, your job, and your home?
UPDATE: According to C-Span, the final vote in the House today was as follows:
Democrats: 246 yea, 7 nay, 1 voted present, and 1 not voting
Republicans: 0 yea, 176 nay, 1 not voting
Bill passed 246-176. On to the Senate for a vote now.
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This sham of a plan with fail miserably. Socialism with never work in a country that’s core foundation is Capitalism. I fear that this is just the first of many spending crappy bills to come. I have been discussing with my husband how to explain the 2008 election(the year America elected a President who’s a socialist and not even a U.S citizen)this to our future children, and also 2009 when Americans were forced into a spending package that lead to bankrupting this country. Fun times!!!
I can’t go threw the videos. I know if truth was told wide spread outcry would have lead to the bill being dead. Obama wuld be on his hands and knees begging for forgiveness. And be resigning. No such luck.
We should be following a proven way. From a real man. Hero in life and movies. Democrat John Kennedy agreed with Ronald. So Democrats follow John F. Kennedy, please !
Democrats are buying votes. Ignorning the positive economic signs. We will pay with inflation. I have no balance but my credit card was raised to 29%. That will help the poor.
America has hightest production rate. Recent report is still high. Sales up in Jamuary. Even Cars.(banks are loaning.). Retail inventories are down. They will have to restock. January sales up. House sales up, etc, etc, ec..Cnbc says economy COULD have bottomed.
$800 Billion just passed House. Next “o” bill goes to the orginal problem…Houses. Will it pass $ 1 trillion. America now is $10-12 tillion in the hole.
I’m set so this bill will not affect me. I can off-set inflation with stock trading profits. But I know a flem flam man when I see one. I don’t like being lied to.
I won’t say ” Sieg Heil “. Socialism or whatever “ism” is not as good as our “ism”. Captalism. How many Countries in this World today is in better shape than us with a social “ism” ?
After posting the vote count on the update, it struck me………one democrat voted “present”. Did obama sneak in the house and vote on this thing?
I just read that the New York Times reported yesterday Sen. Spector – one of the three blind republican mice – was able to keep $6.5 BILLION in the package for cancer research – he being a cancer survivor, championed this spending. I’m all for cancer research, but it’s not stimulative, and it looks like a big, fat, payoff from the dems.
This has been used many times over the past 80 years or so and some of you older members may have heard it before but it’s so appropiate even today:
Four thousand years ago Moses said to his people “Pick up your shovels,mount your asses,load your camels,and ride to the Promised land.”
Four thousand years later President Obama said to HIS people “Throw down your shovels,sit on your asses,light up a Camel, THIS IS THE PROMISED LAND.”
*LOL* DDMao, my Dad was minister. I’m well familiar with that passage, and I love your new interpretation.
And with this passage, the Democrats have now cemented some losses in 2010 when it is further determined that this bill is nothing more than pork.
Babs
You made me laugh. I enjoyed “present”. “Present” is our big word speaking “o”. I find what he is really trying to do is keep a sraight face he uses big word. He and every democrat Congress person knows this is corn feed steroid fat Razerback HOG.
The Speaker said the PEOPLE WAS FOR IT.. NOT SO, ACCORDING TO THE POLLS.
Unfortunately, Nate, I’m afraid the three Republicans may be among those. Or maybe Maine likes rodents, we’ll see.
DDMao, wonderful post. I thoroughly enjoyed your interpretation of how Obama has applied the scripture.
Conservative Gal/Babs………Thank you but as I said it has been used over the past 80 years for different Presidents but who better to use it for than the Messiah?