Feb 07 2009
Stimulus Package Almost There?
No vote has been made yet, so do not bring out the party hats too soon. According to reports, however, the hard work and negotiations of certain Democrats has succeeded in winning over enough Republicans to pass the bill. A lot of compromises and cuts had to be made to get there. The $827 billion bill should still go a long way in an attempt to aid the economy. The bad news of unemployment rates rising and banks closing must have added an extra kick to some people to work harder, and others to have let their heart soften. The national unemployment rate is at 7.6 percent, and the number of banks that have failed this year is at nine. We are not exactly in mid-May, last time I checked a calendar. These are some pretty scary figures that could push anyone to action.
This has to be seen as a great victory for President Obama, if I am not speaking too prematurely. There are many hard Republicans out there, and they were ready with a brick wall. Negotiations between parties was key and it looks to be successful. This may be another sign of the nation continuing to come together when it is really needed.
