Wednesday, January 28, 2009

More stimulus on the way?

This is posed as a question. While the U.S. House passed its stimulus bill, it still has to pass the Senate. The House passage was 'whopsided' -- No Republicans voted for it, and 11 Democrats opposed it. While there was a good majority, it seems it was a rather dirty win, therefore, sort of. With that kind of vote in the House, it seems in present configuration it will not make it in the Senate. Perhaps it can be changed to be more palatable to secure a win and go back to the House for consensus. Time will tell.

The possible good indicator for good is that the DOW closed up 200 points or so. For a person who has lost close to half his savings, that is something to consider.

My guess is the Republicans in the House voted against for one of two reasons: (1) they did not like it, or did not like some of it, or (2) they are taking a chance that it will not work, that as a party they will come out ahead; in which case, Pres. Obama's brag "I won" a few days ago will become a political misstatement, as was George Bush's statement of spending his capital.

We had hoped that the Congress would come together on this, either one way or other. Has not happened, so far. Maybe for good reason; maybe not. Time will tell.

My view, though that does not count, is that we might be best to let fail what fails and let win what wins. That might be a lot cheaper overall. How in the world can the Government manage doing good with that kind of money in one bill? Good question, methinks.

1 comment:

  1. Good final paragraph in this story. In history, what is obsolete falls by the wayside to make room for the new and better.

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