Monday, February 9, 2009

President Obama's short honeymoon

President Obama is spending his goodwill quickly. The trouble with this package is that it's got way too much pork -- one expects some but this bill has everyone's favorite pet projects and that gives the Republicans ammunition.

FDR succeeded because his programs were totally transparent and without any indefensible add-ons.

Senate set to pass stimulus package

"I am calling on Congress to pass this bill immediately," Obama told supporters. "Folks here in Elkhart and across America need help right now, and they can't afford to keep on waiting for folks in Washington to get this done.

Thomas Ferraro and Jeremy Pelofsky, National Post
Monday, Feb 9, 2009

WASHINGTON -- The U.S. Senate on Monday headed toward passing an $827-billion economic stimulus measure sought by President Barack Obama that will set up a contentious battle over the details of the final package. As the world watched to see how the new president and Congress respond to the worst U.S. recession in 70 years - and after slicing some $110-billion out of the package - the Senate was poised to clear a procedural hurdle in a vote at 5:30 p.m. EST. The Senate measure includes $139-billion in individual income tax breaks, $43-billion for more unemployment benefits and almost $47-billion to encourage Americans to buy new cars and homes. It also includes tens of-billions of dollars to rebuild roads and help states plug growing budget gaps. If the Senate approves its version on Tuesday as expected, it will have to be reconciled with an $819-billion package the House of Representatives passed last month, a process expected to take several days. Mr. Obama wants a final package on his desk this weekend.
James Morton
1100 - 5255 Yonge Street
Toronto, Ontario
M2N 6P4

1 comment:

Oxford County Liberals said...

He's spending his good will quickly? Really?

Gallup:

The American public gives President Barack Obama a strong 67% approval rating for the way in which he is handling the government's efforts to pass an economic stimulus bill, while the Democrats and, in particular, the Republicans in Congress receive much lower approval ratings of 48% and 31%, respectively. These findings, based on Gallup Poll interviews conducted Feb. 6-7, underscore the degree to which Obama appears to be maintaining the upper hand over his opponents from a public opinion perspective as he and congressional leaders wrangle over the precise form and substance of a new economic stimulus plan.

How about CNN Polling?

76 percent of Americans in poll approve of job Barack Obama is doing as president

I don't know James.. It looks to me like you're basing your opinions on what pundits and the talking heads are sprouting of on cable. The polling would suggest Obama still has a lot of good will to spend.