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  1. #1
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    Stimulus package approved by Senate, en route to Obama's desk

    Stimulus package en route to Obama's desk

    The U.S. Senate gave final approval Friday to a $787 billion recovery package that President Obama hopes will help boost an economy in freefall with a combination of government spending and tax cuts and credits.

    Approved earlier by the House, the plan -- which went through multiple permutations as it bounced back and forth on Capitol Hill over the past week -- now goes to Obama's desk, where he plans to sign it into law by Presidents Day.

    Spending in the package includes about $120 billion for infrastructure -- new projects repairing bridges, roads, government buildings and the like -- more than $100 billion for education and $30 billion on energy-related projects that Obama says will create "green jobs."

    More than $212 billion goes to tax breaks for individuals and businesses, and another $267 billion is in direct spending like food stamps and unemployment benefits.

    The Congressional Budget Office has predicted that the plan will create between 1 million and 3 million jobs.

    Most individuals will get a $400 tax credit, and couples will get $800.

    The vote by the Senate took several hours longer than a simple roll call of its 100 members generally would. Sen. Sherrod Brown, a Democrat from Ohio, attended a wake for his mother until about 8 p.m. Friday.

    Voting began about 5:30 p.m. Then, the Senate chamber sat nearly empty until Brown arrived to vote about five hours later.

    He was flown from Ohio to Washington on a plane provided by the White House, which said no commercial flights were available that would have allowed Brown to cast a vote and return to Ohio in time for his mother's funeral Saturday.

    As had been the case when the original version of the package passed, the stimulus package garnered no Republican support in the House. The compromise legislation, which was hammered out by House and Senate leaders and White House staff over the past several days, passed in the House on a 246-183 vote.

    Three Republicans -- Susan Collins and Olympia Snow of Maine and Arlen Specter of Pennsylvania -- supported it in the Senate. Their support was needed to give the plan the 60 votes needed to keep it from being shut down by Republican parliamentary procedures.

    All Democrats in the Senate supported the plan. Seven House Democrats opposed it.

    Although the package was signed off on by leadership Thursday, a written version wasn't available to most lawmakers until about 11 p.m.

    Some Republicans in the House expressed frustration over how little time they had to read the 1,000-plus-page bill, and others predicted ruin if it passed.

    "Just because Republicans spent too much money after September 11 and lost our way on financial matters doesn't mean the Democratic party should be allowed to wreck our ship of state," said Rep. Zach Wamp, R-Tennessee. "This is taking us quickly down the wrong road. Vote no."

    Other lawmakers, however, said they were hopeful the stimulus plan would get the economy back on track.

    "We know this bill alone will not solve all of our economic woes overnight. We know that the road back to economic stability and prosperity will require hard work over time," said Rep. Ed Perlmutter, D-Colorado. "But this bill is the right size and scope necessary to truly help us turn things around."

    Sen. Edward Kennedy, D-Massachusetts, who returned to Capitol Hill for votes this week, was not present for the final vote because he returned to Florida to continue his recovery from brain cancer.

    The bill passed the Senate 60-38.

    Here's how the compromise bill is expected to affect individuals:

    Most individuals will get a $400 tax credit, and most couples will get an $800 credit. That amounts to an extra $13 a week in a person's paycheck, starting in June. That's less than what Obama campaigned on: $500 for individuals and $1,000 per couple.

    Many students will get a $2,500 tuition tax credit.

    First-time home buyers may qualify for a tax credit of up to $8,000.

    People who receive Social Security will get a one-time payment of $250.

    The overall package is estimated to be 35 percent tax cuts and 65 percent spending, Democratic sources said.
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  2. #2
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    Now what I would like to see is for every Representative (Democratic and Republican) and Senator who voted against the bill to put their money where their mouth is, take a dignified, principled stand, and reject any and all stimulus package spending in their home states.
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  3. #3
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    Nah, we need a 50 state recovery. If any single state refuses to take money and doesn't recover then the whole house of cards could come crashing back down.
    Когда́ де́ньги говоря́т, тогда́ пра́вда молчи́т

  4. #4
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    Quote Originally Posted by SmthBluCitrus View Post
    Nah, we need a 50 state recovery. If any single state refuses to take money and doesn't recover then the whole house of cards could come crashing back down.
    Point taken, although I was actually just kidding - above all because obviously every member of Congress who voted against the bill will still try to snatch up every penny of it they possibly can for their own constituency.

    But I did actually have this in mind when I wrote that:

    Specter blurts out the truth:
    "When I came back to the cloak room after coming to the agreement a week ago today, one of my colleagues said, 'Arlen, I'm proud of you.' My Republican colleague said, 'Arlen, I'm proud of you.' I said, 'Are you going to vote with me?' And he said, 'No, I might have a primary.' And I said, 'Well, you know very well I'm going to have a primary.' ... I think there are a lot of people in the Republican caucus who are glad to see this action taken without their fingerprints, without their participation."
    sullivan
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  5. #5
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    Quote Originally Posted by DenButsu View Post
    Point taken, although I was actually just kidding - above all because obviously every member of Congress who voted against the bill will still try to snatch up every penny of it they possibly can for their own constituency.

    But I did actually have this in mind when I wrote that:

    sullivan
    Of course they want the bill to pass. But if they know that Maine and Specter are going to vote for it, they can pretend like they're against it while still reaping the benefits of the bill.

    I really hope that when they do get primaried, they lose to a new group of Republicans who are actually willing to "put country first," rather than just saying it.
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  6. #6
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    The Democrats are going to be annihilated in the next elections. When the country is WORSE in the hole and they realize things like 400M for STD Prevention and 100M for new computers wouldn't help stimulate the economy, they're gonna regret doing this.

    (BTW, those are just two examples. There is all kinds of stupid spending like that. How it will create jobs or boost the economy is beyond me.)
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  7. #7
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    Quote Originally Posted by lakersrock View Post
    The Democrats are going to be annihilated in the next elections. When the country is WORSE in the hole and they realize things like 400M for STD Prevention and 100M for new computers wouldn't help stimulate the economy, they're gonna regret doing this.

    (BTW, those are just two examples. There is all kinds of stupid spending like that. How it will create jobs or boost the economy is beyond me.)
    Well, Obama remains incredibly popular right now, and most congressional Democrats do as well, while most congressional Republicans are suffering pretty bad approval ratings right now. And the GOP is making no signs that they'll actually do anything to reverse their sinking popularity, essentially defining their party's agenda now by Limbaugh rhetoric and little more in the way of substance than mere opposition to Obama (who, as I just said, remains very popular so, yeah, that's a winning strategy). I'm comfortable with our chances. I'm thinking 60+ in the next Senate.


    Oh, and in your sig, the chick on the right looks like Chloe from 24.




















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  8. #8
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    Sure is awesome, that we had to rush this threw on friday, so Obama takes the weekend and monday off, and won't sign it till Tuesday.


    Come to psd where admitted dupes who do nothing but troll the gd and fs forum are free. But man don't you dare mention trolling on someone's wall.

  9. #9
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    Monday is a federal holiday.
    Когда́ де́ньги говоря́т, тогда́ пра́вда молчи́т

  10. #10
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    Quote Originally Posted by SmthBluCitrus View Post
    Monday is a federal holiday.
    Yes it is. But A laws can be signed over the weekend. B We already showed 3 days to wait is ok, 4 is probably alright i'm guessing. Have the vote on Tuesday, sign the bill Wednesday.


    Come to psd where admitted dupes who do nothing but troll the gd and fs forum are free. But man don't you dare mention trolling on someone's wall.

  11. #11
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    If the vote is Tuesday, the likelihood of it on Obama's desk before Thursday afternoon is pretty small.
    Когда́ де́ньги говоря́т, тогда́ пра́вда молчи́т

  12. #12
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    Do you think the GOP would actually sit down and read it this weekend?

    Why bother when you can continue making a show of its 1000-page length for another week?

    I just can't give Boehner the benefit of the doubt here. Not after the stunt he pulled last time.
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