Wednesday, January 28, 2009

Stimulus Bill Passes House

House Passes Obama Stimulus Package
Bill Gets No GOP Votes; Senate Will Now Debate Its Version


By Paul KaneWashington Post Staff Writer Thursday, January 29, 2009; Page A01

The House approved an $819 billion stimulus package on a near party-line vote yesterday, a plan breathtaking in size and scope that President Obama hopes to make the cornerstone of his efforts to resuscitate the staggering economy.

Obama engaged in an all-out lobbying push for the bill, which is among the most expensive pieces of legislation ever to move through Congress, and marked the biggest victory of his presidency a little more than a week into his term. He will now turn his attention to the Senate, where Democrats are scheduled to begin debate on the measure on Monday and the price tag is likely to reach $900 billion.

Larger than the combined total cost of the wars in Iraq and Afghanistan so far, the two-year stimulus plan would provide up to $1,000 per year in tax relief for most families, dramatically increase funding for alternative energy production, and direct more than $300 billion in aid to states to help rebuild schools, provide health care to the poor and reconstruct highways and bridges.

But Obama's personal salesmanship effort failed to secure a single Republican supporter for the spending plan, which passed on a 244 to 188 vote. Just a day after the president spent more than an hour behind closed doors at the Capitol seeking their support, all 177 House Republicans opposed the measure, arguing that it would spend hundreds of billions of dollars on initiatives that would do little to stimulate the economy. Eleven Democrats opposed the bill.
In a statement issued after the early evening vote, Obama said he was "grateful" for the House action.

"There are many numbers in this plan," he said in the statement. "But out of all these numbers, there is one that matters most to me: This recovery plan will save or create more than 3 million new jobs over the next few years."

While Obama made no mention of the unanimous Republican opposition, a top adviser immediately warned of the political fallout GOP lawmakers could face from constituents struggling in tough economic times.

"There will be people in districts all over the country that will wonder why, when there's a good bill to get the economy moving again, while we still seem to be playing political gotcha," White House press secretary Robert Gibbs said in an interview.

Some moderate Republicans who opposed the bill left open the chance of supporting the final version if the White House and Senate address their concerns about spending. And Democrats remain hopeful of securing a more bipartisan result in the Senate, where committee action has driven up the cost as the amount of tax relief has increased, something Republicans have demanded before they will consider offering their support.

Washington Post - House Passes Bill
New York Times - How They Voted
Pittsburgh Post-Gazette - Oppose the bill at your peril
Wall Street Journal - What's in this thing

1 comment:

Anonymous said...

Team PAPI fully backs President Obama and his decision to pass a stimulus package in our neighboring country, the U.S. Our team realizes the importance of federal spending in an economic crisis. Though it will dramatically increase the U.S. deficit, citizens have to ask themselves, "What's more important? Our faltering economy, or the national deficit?" and the answer Team PAPI believes is their economy. About fifty percent of F.S. imports come from the U.S. So, a struggling United States is also a struggling Franklin States.