House Approves Economic Stimulus Bill

Financial Crisis Depression The Democratic-controlled House has approved an $819 billion economic stimulus package critical to President Barack Obama's plan to revive the economy.

by The Associated Press

Published: Wed, January 28, 2009 - 5:19 pm CST Last Updated: Wed, January 28, 2009 - 5:54 pm CST

WASHINGTON (AP) - The Democratic-controlled House has approved
an $819 billion economic stimulus package critical to President
Barack Obama's plan to revive the economy.
The House vote came after days of intense lobbying by the new
president, including personal appeals to congressional Republicans.
GOP lawmakers spurned Obama, saying the bill contains too much
spending and not enough tax cuts.
Democrats argued that the bill was imperative with the economy
in the worst shape since the Depression.
The legislation includes an estimated $544 in federal spending
and $275 billion in tax cuts for individuals and businesses. It
includes money for highway construction and mass transit.
The Senate is working on a costlier version of the bill.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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BamaBob Says:

Wed, Jan 28, 2009 at 6:33 pm

This has to now go to the senate and then back to the house. This will not pass until mid-February, so don’t plan your finances around a government handout.

mel Says:

Wed, Jan 28, 2009 at 6:25 pm

I am wondering if this is going to be like the stimulus chk that we got last yr because I know a lot of people could use some funds to help out with the expenses that they are behind in like me,,,,it sure would help and I hope it will be some good money,,
Thanks President Obama, at least you are good for something…Now send us our money…..

BamaBob Says:

Wed, Jan 28, 2009 at 5:53 pm

Zero Republicans voted for this pulled pork sandwich!