President Obama had wanted a $900 billion economic stimulus plan to be passed through the Senate, but the Senate has cut it down to $780 billion. The Senate leaders are confident that this $780 stimulus package will pass the Senate voting that is coming up in a few days.
However, most of the Republicans are refusing to vote for the $780 package. Only two votes were assured from the Republicans.
President Obama expressed the urgency of this economic crisis and the need for this stimulus package. He said that the problem we face is not getting better, but becoming worse and worse. As for the package, he said, "Broadly speaking, the package is the right size, it is the right scope, and it has the right priorities to create 3 to 4 million jobs, and to do it in a way that lays the groundwork for long-term growth."
I applaud President Obama for acting quickly and showing to the people of the United States that the government does not take forever to act. However, acting quickly could lead to some problems or maybe big ones in the end if not thought out carefully. I just hope President Obama has thought this over carefully. I also think that the Democrats and the Republicans should stop turning this serious voting into a bipartisan event. Both sides should vote for what they truly believe will save America's economy.
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