Let the stimulation begin
By Creature
A deal has been reached in conference. The percentage of tax cuts dropped from 42% to 35%. I guess that's worth a cheer. Now let's see how many Republicans will get on board. There's enough to pass the bill, but counting Republican "yes" votes at this point is really about how badly they will fail, when painted as the party that chose to do nothing, come 2010.
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UPDATE: It's smaller than the Senate bill and therefore still way too small: $789 billion. But the tax-cut drop is good, and, for what it's worth, Reid says it "creates more jobs than the original Senate bill and spends less than the original House bill." -- MJWS
A deal has been reached in conference. The percentage of tax cuts dropped from 42% to 35%. I guess that's worth a cheer. Now let's see how many Republicans will get on board. There's enough to pass the bill, but counting Republican "yes" votes at this point is really about how badly they will fail, when painted as the party that chose to do nothing, come 2010.
**********
UPDATE: It's smaller than the Senate bill and therefore still way too small: $789 billion. But the tax-cut drop is good, and, for what it's worth, Reid says it "creates more jobs than the original Senate bill and spends less than the original House bill." -- MJWS
Labels: Congress, economic stimulus, Harry Reid, Republicans, U.S. economy
posted by creature at
3:35 PM
3 Comments:
Two cheers for the stimulus bill. It's not great, but at least it's something. And the Republicans come away looking like do-nothing extremists.
By
Michael J.W. Stickings, at 3:43 PM
Yes too small, but at this point (and really in retrospect) getting 780 billion out of Congress in just a few weeks is astounding.
By
creature, at 3:52 PM
I agree. I'm trying to be positive.
By
Michael J.W. Stickings, at 4:41 PM
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