economic stimulus package – News Stories About economic stimulus package - Page 17

Analysis

Feb 12, 2009 12:13 PM CST

Stimulus May Pick Up More GOP Votes

But not enough to be anything like bipartisan

(Newser) - The passage of the stimulus is a done deal, but that doesn’t mean the votes on the compromise measure won’t be interesting. Democrats are hoping to bring more Republicans on board, reports Chris Cillizza of the Washington Post. All three GOP senators who backed the original Senate bill...

Rove: Thanks, Obama,
for Boosting the GOP

OPINION

Feb 12, 2009 8:15 AM CST

Rove: Thanks, Obama, for Boosting the GOP

Republican opposition to bill 'redefined' the party

(Newser) - The Dems may ultimately have gotten their way with the stimulus bill, but the GOP has gotten a lift from the debate process, Karl Rove writes in the Wall Street Journal. Republicans pointed out specific flaws in the bill while introducing ideas of their own, thereby reducing popular support for...

Compromise Stimulus Means Short-Term Pain

ANALYSIS

Feb 12, 2009 5:30 AM CST

Compromise Stimulus Means Short-Term Pain

Unemployment will climb, recession will last until end of 2009

(Newser) - The final version of the economic stimulus package will provide less immediate support for the economy than Barack Obama had hoped, reports the Wall Street Journal, and makes it likely that the US will remain in recession through 2009. The $790 billion deal cuts aid to state and local government...

Pelosi and Reid:
Which One Got Sneaky?

Feb 11, 2009 7:40 PM CST

Pelosi and Reid: Which One Got Sneaky?

(Newser) - It looks like a little political intrigue—and possibly some back-stabbing—played out today between Harry Reid and Nancy Pelosi, writes Glenn Thrush of Politico. When Reid called a press conference to announce that Senate and House negotiators had agreed on a stimulus deal, Pelosi was nowhere in sight. Several...

Dow Up 50 on Stimulus Deal

MARKETS

Feb 11, 2009 3:21 PM CST

Dow Up 50 on Stimulus Deal

Stocks stage mild recovery after yesterday's rout

(Newser) - Stocks posted mild gains today, MarketWatch reports. The indices had fallen to losses but headed up again after Harry Reid announced that the Senate had reached an agreement on the stimulus package. Beleaguered banks Citigroup and Bank of America were both up 8% after yesterday’s sell-off. The Dow rose...

Congress Reaches a Deal
on $789B Stimulus

Feb 11, 2009 2:55 PM CST

Congress Reaches a Deal on $789B Stimulus

Trimmed bill cuts funding to many of touted projects

(Newser) - House and Senate negotiators agreed on a compromise $789 billion stimulus plan this afternoon that scales down bills passed by each of the chambers. The final version "creates more jobs than the original Senate bill and spends less than the original House bill," Senate majority leader Harry Reid...

Crisis Paradox: How to Spend When You Need to Save

OPINION

Feb 11, 2009 12:11 PM CST

Crisis Paradox: How to Spend When You Need to Save

How to stimulate the economy without draining your account

(Newser) - While leaders encourage Americans to stimulate the economy by spending, those who have lost jobs or investments are a lot more inclined to hoard their remaining assets. But there's a way to avoid this "paradox of thrift," in which the frugal behavior that's best for an individual...

As a Reporter, Joe the Plumber's a Good Plumber

OPINION

Feb 11, 2009 10:07 AM CST

As a Reporter, Joe the Plumber's a Good Plumber

Would-be journo mainly full of crap

(Newser) - In our YouTube world, "anyone and everyone can play journalist," but not everyone should, writes James Rainey in the LA Times. Case in point: Joe “the Plumber” Wurzelbacher. In his work for conservative Pajamas Media, "Wurzelbacher looks about as capable with a microphone and a...

It's Been
3 Weeks,
Not 4 Years

OPINION

Feb 11, 2009 9:38 AM CST

It's Been 3 Weeks, Not 4 Years

A rocky stretch this early won't define Obama's presidency

(Newser) - Stop worrying. “Sure, President Obama had a lousy week. A week is not a presidency.” In fact, writes Ruth Marcus in the Washington Post, despite Tom Daschle's withdrawal and the bumpy rollout of the stimulus, Obama is outperforming any reasonable standard. He’s signed major laws on pay...

Conservative PAC Puts GOP Stimulus Backers 'On Notice'

Feb 11, 2009 8:37 AM CST

Conservative PAC Puts GOP Stimulus Backers 'On Notice'

Three senators face conservative wrath

(Newser) - So much for bipartisanship. A conservative political action committee is pledging to support primary challenges to the three Republican senators who backed the compromise economic stimulus package, CNN reports. It's the right wing’s latest public show of dissatisfaction with Olympia Snowe and Susan Collins of Maine and Arlen Specter...

Governors
Back House
on Stimulus

Feb 11, 2009 8:02 AM CST

Governors Back House on Stimulus

Senate version provides for half as much direct state aid

(Newser) - With the House and Senate reconciling their competing stimulus bills, governors are pushing for the House version to prevail, the Washington Post reports. States would receive billions in aid if that version goes through—or next to nothing if the Senate's legislation passes. "If the Senate version holds, there...

Huckabee Rips
'Unholy' Plan

Feb 11, 2009 3:33 AM CST

Huckabee Rips 'Unholy' Plan

Cites ban on funds for religious schools

(Newser) - The new stimulus package is out to undermine religion. That's what former Arkansas governor and one-time presidential candidate Mike Huckabee has told supporters in an email, Politico reports. Shortly before the Senate passed the bill yesterday, Huckabee wrote that the $828 billion package is "anti-religious." He cites provisions...

Stimulus: Home, Car Buyers
Win, States Lose

Feb 10, 2009 4:48 PM CST

Stimulus: Home, Car Buyers Win, States Lose

Pay, bonuses restricted for employees of TARP firms

(Newser) - The $835 billion stimulus plan approved by the Senate today helps out home builders, manufacturers, and buyers of homes and cars, reports the Wall Street Journal. The bill allows manufacturers and construction firms to use any 2008 and 2009 losses to offset tax liability going back as far as 2003....

Senate Passes Stimulus Bill

Feb 10, 2009 12:02 PM CST

Senate Passes Stimulus Bill

(Newser) - The Senate passed its version of the $838 billion stimulus bill today, in a 61-37 vote, the Wall Street Journal reports. Three moderate Republicans—Susan Collins, Arlen Specter, and Olympia Snowe—jumped across the aisle to prevent a filibuster. Now the House and Senate must reconcile the differences between their...

Obama Rallies
Support in
Hard-Hit
Fort Myers

Feb 10, 2009 11:45 AM CST

Obama Rallies Support in Hard-Hit Fort Myers

'You have seen hardship,' Obama tells supporters

(Newser) - President Obama headed to Fort Myers, Fla., today to rally support for his economic stimulus plan, telling residents “when the town is burning, you don't check party labels. Everybody needs to grab a hose,” the Miami Herald reports. Obama picked Fort Myers because its county has the highest...

Forget Bipartisanship—
Let's Pass This Bill

OPINION

Feb 10, 2009 9:09 AM CST

Forget Bipartisanship— Let's Pass This Bill

Crisis is no time for 'meeting in the middle'

(Newser) - Sure, bipartisanship is great when the country can afford it—but to fix the economic crisis, we’ll have to forgo unity, writes Eugene Robinson in the Washington Post. Expert economists agree that the stimulus package is crucial, and even most Republican senators say something needs to be done. “...

Specter Tells Ingraham to 'Get Off It'

Feb 10, 2009 8:11 AM CST

Specter Tells Ingraham to 'Get Off It'

(Newser) - Arlen Specter got into an on-air tiff with Laura Ingraham yesterday, when the conservative talk show host said the Republican senator must have been “wined and dined at the White House,” because he supported the stimulus package. “Oh, get off it, Laura,” a piqued Specter replied....

Stimulus to Bulk Up
Food Stamps

Feb 10, 2009 8:05 AM CST

Stimulus to Bulk Up Food Stamps

Caseloads up dramatically; bill to offer $16B to $20B in support

(Newser) - The stimulus package set to pass Congress contains a measure to boost food stamp benefits by billions of dollars, reports NPR. The $16 billion to $20 billion increase—which would mean up to $79 more a month for a family of four—is a response to a drastic rise in...

Once-Genial Obama Comes Out Swinging

ANALYSIS

Feb 10, 2009 6:50 AM CST

Once-Genial Obama Comes Out Swinging

At first presser, president paints critics as behind the times

(Newser) - Barack Obama began his presidency with major overtures to Republicans, inviting three into his Cabinet and knocking back beer with House and Senate minority leaders at the White House. But yesterday he was in fighting mode, blasting opponents of the stimulus package as discredited and out of touch. Three weeks...

Americans in 'Winter of Our Hardship'

Feb 9, 2009 8:26 PM CST

Americans in 'Winter of Our Hardship'

Obama presses stimulus in first news conference as prez

(Newser) - Barack Obama said today the crisis gripping the US is the "winter of our hardship" as he pounded home the need for Congress to set aside petty differences and pass an $800-plus billion stimulus fund to fight an economic collapse not seen in 80 years. In opening remarks at...