Thursday, January 29, 2009

House OKs $819B stimulus bill with GOP opposition

After much controversy, the proposed stimulus package has finally begun its way through the American political machine.  The bill contains a much needed boost to the American economy, through both stimulus checks and federal job creations. Though Obama has been doing his best to achieve a decent level of bipartisanship, there was not a single republican in the House that voted for the bill. This will not be the case in the Senate however, due to the republican senator’s possibility of losing support from their constituents. Their main reasoning for not supporting the bill comes from what they consider an underwhelming amount of tax cuts and an overwhelming amount of federal spending. Although democrats have already promised that the bill will be ready for Obama’s signature in the very near future, it would mean much more symbolically should the bill receive support from the republican representatives as well.  

While lofty goals such as 3 million new jobs in the next few years are likely to result in minor disappointment, at this point of affairs, action needs to be taken if we hope to avoid economic despair to match that of the Great Depression. Such urgency will hopefully be translated into the implementation of the stimulus package, avoiding any needless bureaucratic red tape. Apparently, a second stimulus package, an even bigger one at that, is in the works behind closed doors, only this time Obama has taken upon himself to ensure the bipartisan nature of the bill. I can only hope that somewhere within all of this a true solution to the economic crisis exists, because a time limit absolutely exists before this issue escalates out of control.

1 comment:

Bluegrass Pundit said...

Stimulus bill moves us closer to nationalized health care and rationing

The House of Representatives approved an $819 billion economic stimulus package Wednesday. The party line vote was a blow to Barack Obama's alleged desire for bipartisanship. All the Republicans and 11 democrats voted against the bill. One thing in the bill that went mostly unnoticed was a new bureaucracy called the Federal Coordinating Council for Comparative Effectiveness Research.