House passes Obama's economic stimulus bill

Discussion in 'Economy' started by Joe, Feb 13, 2009.

  1. Joe
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    From Associated Press ....

    "The bill was passed 246-183 with no Republican help. It now goes to the Senate where a vote was possible late Friday to meet a deadline of passing the plan before a recess begins next week."

    "Republicans said the package won't work because it has too little in tax cuts and spreads too much money around to everyday projects like computer upgrades for federal agencies."

    "Republicans pointed out a bevy of questionable spending items that made the final cut in House-Senate negotiations, including money to replace computers at federal agencies, inspect canals, and issue coupons for convertor boxes to help people watch TV when the changeover to digital signals occurs this summer.

    This measure is not bipartisan. It contains much that is not stimulative," said Sen. John McCain, R-Ariz., Obama's rival for the White House. "And is nothing short — nothing short — of generational theft" since it burdens future generations with so much debt, he added."

    Ignore who is quoted in the last paragraph. No sore loser jokes. More interesting is the comment itself which has come from other people.
     

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