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Saturday, February 7, 2009

Stimulus Bill Moving Towards Senate Vote & More

WP: Against a backdrop of rising unemployment, Senate Democrats struck a hard-won deal yesterday with a handful of Republican moderates to scale back spending in a massive economic stimulus bill, virtually guaranteeing Senate passage of the legislation but also ensuring arduous final negotiations with the House.  More...

Politico: With a deal filed Sunday night and growing business support, President Barack Obama must next overcome two 60-vote Senate hurdles Monday and Tuesday before plunging into final negotiations with Congress over the final shape of his economic recovery plan.  More...

AP: President Barack Obama and Senate Republicans bickered Saturday over his economic recovery plan after states and schools lost billions of dollars in a late-night bargain to save it.  The $827 billion measure is likely to pass next week despite stiff opposition from the GOP and disappointment among Democrats, including the new president who labeled it imperfect.  More...

WT: President Obama's economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday.  More...

Politico: President Obama is taking responsibility for underestimating the public impact of tax underpayment issues that led to the withdrawal Tuesday of his nominee for Secretary of Health and Human Services, Tom Daschle.  More...

Politico: McCain blasts Obama.  More...
AP: Nearly 600K jobs lost in January; more pain ahead.  More...
FT: US car sales below 10m despite discounts.  More...
Times: President Obama waters down 'Buy American' plan after EU trade war threat.  More...
Politico: Cheney warns of new attacks.  More...
Politico: Burr shows TMZ his thing.  More...
WataugaWatch: NC Senator Steve Goss goes after free speech of bloggers.  More...
Clusterstock: The two cows analogy to why AIG imploded.  More...

OPINION
WSJ: The stimulus tragedy- Obama bets that we can spend our way to prosperity.  More...
Romney: Stimulate the economy, not government.  More...
Krauthammer: The fierce urgency of pork.  More...
Rove: Democrats try trickle-down economics.  More...
Morris: Keynesian fallacy.  More...
Armey: Washington could you less Keynesian and more Hayek.  More...
Brooks: The gang system.  More...
Morris: Obama at the crossroads.  More...
Noonan: Bracing ourselves.  More...
Dowd: Well, that certainly didn't take long.  More...
Sen. Lieberman: Afghanistan will be a quagmire for al Qaeda.  More...
Friedman: Don't try this at home.  More...
Frum: What went wrong in Iraq- the definitive account.  More...
Will: In a D.C. state of mind.  More...

1 comment:

Suggestions4Obama.com said...

I do not understand why people are having diffculty understanding. The number of unemployed people (11.6 million) and the unemployment rate (7.6 percent) rose in January. Over the past 12 months, the number of unemployed persons has increased by 4.1 million. The Department of Labor reported today that nonfarm payroll employment fell sharply in January (-598,000) and the unemployment rate rose from 7.2 to 7.6 percent. Payroll employment has declined by 3.6 million since the start of the recession in December 2007, .... most of this mess happening only in past three months! And some wonder Obama is pushing so hard for a stimulus package. Is the Herbert Hoover approach, do nothing, all we need, leading us to a twelve year depression ??