Obama seeks help from governors
Your online payday loan store brings you updates on the economic stimulus package.
After every Republican senator in the House voted “no” on Barack Obama’s economic stimulus package, the president is calling in reinforcements. Although the House passed the bill thanks to the Democratic majority, Obama is nervous about whether the Senate’s version of the bill will pass. Read this article by your online payday loan source to see how the plan fared in the House of Representatives.
The House version of the bill came to a total of $819 billion, which Republicans agreed was too expensive. The Senate’s version costs even more. With so many states facing budget deficits, Obama is trying to rally support from governors in effort to help the stimulus package pass.
Governors take initiative
Some Republican governors seemed to need little or no encouragement to ask their state senators to vote “yes.” Alaska Governor Sarah Palin is planning to push for her state’s share of the package. Governor Charlie Crist, of Florida, was already on the phones last week asking his state’s congressional delegation to support the bill.
For those who need just a little more convincing, Obama is willing to make the time. Governor Jim Douglas’ state, Vermont, is facing a $200 million budget shortfall. Obama is meeting with him today, and Douglas has already said that after his meeting with the president he will urge senators to approve the package. Douglas is also vice chairman of the National Governors Association, so it is expected that he will influence other governors to do the same.
No party favors
While Obama is out rallying support from the opposition, some of his own party members are working against him. Senators Kent Conrad and Ben Nelson, both Democrats, are raising concerns about the plan. It’s not surprising, considering that Conrad’s state, North Dakota, is projected to have up to $800 million in reserves by 2011. Last year Nebraska, Nelson’s state, projected it would have a $400 million surplus.
Still, Republicans are doing the majority of the trash talking. Senate Minority Leader Mitch McConnell said Obama should be “embarrassed” about the package. Former presidential contender Senator John McCain, Arizona, had his opinions, too.
The bill contains “too much unnecessary spending, not the right kind of tax cuts and no endgame,” McCain said.
Check back with your online payday loan source for more updates on the economic stimulus package.
I know California is going to top the list of state governments waiting for stimulus funds, because they are in a lot of trouble. Congrats to Nebraska for coming up with a surplus – now that is management that deserves a bonus. The quicker we can get this economy stimulated into growth again, and sustainable, responsible growth, the better.