December 30th, 2008
06:52 PM ET
6 years ago

Road to stimulus: Speed bumps ahead

Stimulus push comes as consumer confidence drops to an all-time low.
Stimulus push comes as consumer confidence drops to an all-time low.

NEW YORK (CNNMoney.com) - Democratic lawmakers want to pass a far-reaching bill to save the economy by Inauguration Day on Jan. 20.

That's the goal.

But the reality may be a little different. Enactment of an economic stimulus bill could be pushed into late January or early February, said Dan Clifton, a Washington-based analyst with the investment research firm Strategas Research Partners.

The reason: The measure will be big and complex – exceeding $700 billion by some estimates. And getting buy-in from lawmakers angered about the mounting toll of government rescues might take more time than expected.

Full story


Filed under: Congress • stimulus package
soundoff (24 Responses)
  1. A study I remember reading

    used regression and stated short term republicans are good for the economy, long term democrats are good for the economy

    many problems with the regression model, but food for thought

    December 30, 2008 06:58 pm at 6:58 pm |
  2. Proud American

    Why is it when Idiot Republicans get involved, this country is set back 50 years?

    December 30, 2008 07:03 pm at 7:03 pm |
  3. A Sousley

    After the Republican's last 8 years and their spend and burn tactics and never saying NO to Pres. Bush and now in order to save our country and the economy they want to say NO to PE BO, yet they are the ones who always say they put Country First?? They are the Patriotic One's?? I will never be able to figure out the Republican's. They support Bush and the war in Iraq, they spend like drunken sailors for nothing, now they don't want to help the very people who put them in office. Give me a break.

    December 30, 2008 07:04 pm at 7:04 pm |
  4. gabe

    it is not the time for this kind of mess; tax and spend what we need to do is go back to the time when i was coming up ,where [my parents]you had to down to gov't places and pick up your COMMODIES a pound of butter ,rice a chunck of that gov't cheese. i say give health care to young and to the children. make sure they are fed. we've already been ripped off for a TRILLION over the last 8 yrs. man you can't make this crap up. like sarah palin on her high horse who said at least her daughter ain't looking for a hand out. just keep livin

    December 30, 2008 07:08 pm at 7:08 pm |
  5. Richard Rohdes sister

    This should make Richard,my husband so happy.

    December 30, 2008 07:10 pm at 7:10 pm |
  6. Dan, TX

    There is no argument between the republicans and the democrats. They actually agree. We need to be very careful in making sure whatever gets spent on a stimulus plan is money well spent.

    There is no argument there.

    But, most comments will be anti-republican or anti-democrat because that is what matters more than actually solving problems to the people who blog here.

    December 30, 2008 07:17 pm at 7:17 pm |
  7. ran

    The only speed bump will be the obstruction by the Republicans especially in the Senate where a 60 majority is needed to over ride a filibuster. The Republicans will do all they can to prevent Obama and the Democrats to do what is right for the people of this country especially with McConnell as the Senate Minority Leader. People we must stand together and demand that our elected officials work for us this time.

    December 30, 2008 07:21 pm at 7:21 pm |
  8. usualone

    I hope this man won't be punished because of who suggested him. He may merit this position.

    December 30, 2008 07:25 pm at 7:25 pm |
  9. Pat

    The reason: The measure will be big and complex – exceeding $700 billion by some estimates.

    I certainly hope there are speed bumps to this outrageous proposal!!!!!!!!!!!!

    December 30, 2008 08:23 pm at 8:23 pm |
  10. tired of corporate politics

    "might take more time than expected"

    Can't Obama just wave his hand to make a miracle? That WAS his platform non-specific, magic Change.

    Ok – show us.

    December 30, 2008 08:55 pm at 8:55 pm |
  11. everygreen

    people you can't spend money we don't have and cut taxes at the sametime. stimulus packages only work in the short term. if they are going to spend money roads, bridges and highways then do it in a different bill not this one. I like the president for 200 billions for something the democratic controlled congress gives a spending of 400 billions dollar which laced with earmarks that the dems put in not repubs. I dont have faith in either party. the economy was fine for the first 6 years and spending was under control to. It seems every 8 years this happens, remember we were in a recession under clinton too. so where is the money going to come from? we and our children will be paying for this later.

    December 30, 2008 08:58 pm at 8:58 pm |
  12. jaye

    Anyone that dosen't support this stimulus package must be called out and publicly made to answer "why not".
    We want names!!!

    December 30, 2008 09:01 pm at 9:01 pm |
  13. Sue

    Who in the dickens is going to pay for all that? The foolish poor who are streaming into frozen-over DC with their thousands of portapotties and hotdog stands certainly won't be expected to pay for the stimulus. They, in fact, voted for this poop because they think he is going to give/give/give to them and take from the prosperous.
    This is no longer America.

    December 30, 2008 09:09 pm at 9:09 pm |
  14. Danny in Chicago

    Okay okay....let me get this straight.....

    Just a few months ago......the republicans push to get over $700 Billion dollars from the taxpayers after about a week of scaring the crap out of us. Oh, and we never see a penny of all this dough....

    Now......our incoming Democratic government, is PROPOSING a well thought out plan that will DIRECTLY affect all of us in a positive way for roughly the same amount of money.....

    And you're saying that this might be held up for awhile by the Republicans???

    AM I CRAZY OR ARE YOU CRAZY?

    Why do the republicans get away with so much? I think we need to throw the book at these insane people because they just keep pulling the wool over our eyes.

    NO MORE WOOL – KEEP THE HEAT ON THE REPUBLICANS!

    December 30, 2008 09:37 pm at 9:37 pm |
  15. Texas Teacher

    I think that if Wall Street was given a bail out.... the average man needs one as well.... and Average Wo/man is willing to work for their welfare... refreshing... yes? :)

    December 30, 2008 09:55 pm at 9:55 pm |
  16. Franky

    "used regression and stated short term republicans are good for the economy, long term democrats are good for the economy

    many problems with the regression model, but food for thought"

    I wouldn't necessarily say that but I understand. For the most part, this is our system and I gotta say, we do have a very, very unique system...it's complicated, to tell you the truth. And this system, by the way, is what got us here...

    December 30, 2008 10:06 pm at 10:06 pm |
  17. yellow dog democrat

    Dear: Sue December 30th, 2008 9:09 pm ET – who's going to pay for it? well Sue – you are!!

    Stop the war in IRAQ – spend the money here at home on the U.S. economy – create a new infra-structure – promote jobs of the "future" get out of the old "dinosaur – fossil fuel" way of thinking – get progressive make progress and keep the American People (especially the ones who voted for you) motivated and may we all live long and prosper!

    December 30, 2008 10:07 pm at 10:07 pm |
  18. Texas Trail Kitty

    NOW lawmakers are getting cold feet about the bailouts!!?? What about when they handed our tax money over to failing banks? I just read that Chase bank has started cutting off people's home equity lines of credit. Pretty cheeky considering they sucked in a large bailout. Give the money to the people, not more businesses. And make the mortgage companies rework all loans with an eye to making they actually payable. For once, think about the consumer instead of the business.

    December 30, 2008 10:30 pm at 10:30 pm |
  19. Larry

    IDIOTS-We cann't borrow or spend our way out of debt,we have to lower our overhead and cut spending-this is not rocket science,this is basic 101 finance.The faster we tighten our belt the sooner this will be over and we can move on.The government isn't the answer,it's the problem.Get rid of the unions too.

    December 30, 2008 10:40 pm at 10:40 pm |
  20. Larry

    IDIOTS-We cann't borrow or spend our way out of debt,we have to lower our overhead and cut spending-this is not rocket science,this is basic 101 finance.The faster we tighten our belt the sooner this will be over and we can move on.The government isn't the answer,it's the problem.Get rid of the unions too.

    I cann't believe how many people think that the Republicans are at fault ,you actually BELIEVE one man named Bush ran the entire government,congress,senate,the house,the military,all by himself and screwed everything up,and the little follower Democrats stood by,COULDN"T do anything to stop this one guy,he was just to powerful.

    December 30, 2008 10:54 pm at 10:54 pm |
  21. Godluvr

    I hope and pray that Republicans will not be contentious for the sake of feeling relevant. There are too many serious problems in our country for that kind of childish stance. Those that believe in prayer, please continue to "pray for those that have governing authority" over us.

    Happy New Year!

    December 30, 2008 11:07 pm at 11:07 pm |
  22. dmjakers

    America's quick and successful return to prosperity is not in the political interests of the Republican Party. Any progress Obama makes in ending the financial crisis, creating jobs, and restoring wealth to Americans will hurt the chances of Republicans regaining control of Washington.
    Republicans are going to do everything they can stop stop America from becoming financially healthy again because if America wins, the GOP loses.
    In other words, the Republicans aren't just helping the terrorists, the Republicans ARE the terrorists.

    December 30, 2008 11:15 pm at 11:15 pm |
  23. Miro, MI

    To Sue!
    You are right! This is not longer America for your f#### Repulicans who are exploiting all! You don't like it? Move out! The world is big, but not for Repugs like you!

    December 30, 2008 11:32 pm at 11:32 pm |
  24. kuriya

    All the people against stimulus package to help with the unemployment and the spiral down of the economy I'm sure they are all employed and have a lot of savings. If you are against stimulus package I think you people should offer a better solution instead of being against stimulus package. Just saying no is not good enough. For the republican if they block the stimulus package and with the plight of the economym getting worst they might as well kiss their party itself goodbye, because they will have only ten percent of public support.

    December 30, 2008 11:48 pm at 11:48 pm |