Agreement Actually Reached Now on Stimulus Package

The NY Times is reporting that an agreement between House and Senate has been hammered out on the Stimulus Bill. Harry Reid announced the accord earlier today at a press conference but nobody checked with Nancy Pelosi.  She was still dealing.

Even after Mr. Reid’s announcement, House Democrats reportedly held out for some changes important to them, including more money for school renovations.

The final price tag is now being quoted at $789 billion because, well, you know $800 billion, according to Susan Collins, is a LOT of money.

There are not a lot of details at this point - apparently $150 billion will go to infrastructure and transportation systems which, by my counting, is somewhat more than originally proposed in either deal.  Additionally the bill includes fairly substantial aid to state governments, although not as much as governors were hoping for.  Removed from the final version, I was happy to see, were large tax credits aimed at home buyers and car purchasers.  The home buyers credit made no sense (and could be termed the “swap houses with my cousin” provision) and the car credit just helps to bail out the auto industry for bad decisions in car design.  Let the dealers eat rebates.

In the end, nobody was especially happy with the results but isn’t that the definition of a good compromise?

Posted by marindenver on 02/11/09 at 09:14 PM • Permalink

Categories: PoliticsElection '08Barack Obama

Share this post:  Share via Twitter   Share via BlinkList   Share via del.icio.us   Share via Digg   Share via Email   Share via Facebook   Share via Fark   Share via NewsVine   Share via Propeller   Share via Reddit   Share via StumbleUpon   Share via Technorati  

John Cole has an interesting take on what happened. It seems of you weren’t going to take bipartisanship seriously to the extent there was no point in trying to work with you, then it’s under the bus you went before they rammed it down your throat (I paraphrase):

Republicans have caught the Democrats in a midnight “stimulus” power play that seeks to cut Republican conferees out of the House-Senate negotiations to resolve a final version of the Obama “stimulus” package. Staff members from the offices of House Speaker Nancy Pelosi (D-Calif.) and Senate Majority Leader Harry Reid (D-Nev.) met last night to put together the “stimulus” conference report.

***

Some Republicans reportedly were in the late-night conference. But—at least from the Senate—the official Republican conferees were excluded. HUMAN EVENTS has received e-mail confirmations from the staffs of both Sens. Charles Grassley (R-Iowa) and John Thune (R-S.D.) saying that they had no participation in the conference.

***

The deal was Snowe’s and Collins’s, according to a Senate source. Sen. Specter, who had been in Harry Reid’s office for an earlier meeting on the compromise, left at about 7 p.m. At 8:45 p.m., there was another meeting at which Sens. Snowe and Collins were the only Republicans present. They made the deal, and Specter signed on to it later. He had given an indication of the deal earlier that evening in an MSNBC interview.

I guess next time you want a final say in the shaping of a piece of legislation (and you already had a ginormous say in the current legislation) in the conference committee, you probably should bring more than three votes to the table in both houses. Kind of funny how that works, as all the people who voted for the bill on the GOP side are right there working with the Democrats to finalize the bill.

http://www.balloon-juice.com/?p=17076

I hope it end up doing some good for y’all.

I hope it end up doing some good for y’all.

I hope it does too!  We’re pretty much sunk if not.  It was a foregone conclusion to me that the Republicans weren’t going to support anything that came out of it but I have seem some speculation that, in the house at least, a few Republicans may have cast the original “no” vote for the party “leadership” but vote “yes” on the final version for their constituencies.  I’m betting there won’t be too many of those but it remains to be seen.

Whose account gets the missing $11 billion?

Remember the old Roadrunner & Coyote cartoons when the Coyote would run off a cliff and hang there, suspended in mid-air, until he realized there was no ground under his feet? Then he’d wave bye-bye or hold up a sign that said, “Uh-oh” before plummeting to the bottom of the canyon?

Well, Miss Mary Sunshine that I am, I’ve been telling Mr. Cracker since, oh, September or so, that the average American is like the Coyote. We sense something is amiss. We’re alarmed by the shrinking of our nest eggs, the plunging values of our homes and the Wall Street drama. But so far, we haven’t realized there’s no ground under our feet. Let’s hope the wake up call doesn’t sound like a SPLAT.

This was described on HuffPo as “straddling the issue.” Bloody misogynists:

Alaska Gov. Sarah Palin, last year’s Republican running mate and a potential White House contender in 2012, said her state was ready to accept a projected $1 billion in federal funds if they make sense for the state. But she criticized increased spending on social programs, which she said could wind up costing her state in the long run and “don’t necessarily stimulate the economy.”

Yeah, because the Alaskans who are starving and freezing in the dark would just waste the money on food and fuel to survive.  Leeches.

We, the Citizens of New York, would be happy to accept the funds of Alaska the governor thinks they shouldn’t have.

Thanks Sarah!

Page 1 of 1 pages

Sorry, commenting is closed for this post.

<< Back to main