January 28th, 2009
08:21 AM ET
3 months ago

Obama faces first stimulus test

The House is set to weigh in on the stimulus plan today.
The House is set to weigh in on the stimulus plan today.

NEW YORK (CNNMoney.com) – President Barack Obama will face the first real test of his push for a stimulus package on Wednesday, as the House of Representatives prepares to vote on the bill later in the day.

Obama and House Democrats etched out plans for an $825 billion package in the weeks leading up to the president's inauguration, and two House committees have amended and modified the provisions for $550 billion in spending and $275 billion in tax cuts over the last two weeks.

House Speaker Nancy Pelosi on Tuesday called the bill "most critical piece of legislation [Congress] will consider this session," arguing that the bill supports jobs, tax cuts and accountability to taxpayers.

Full story


Filed under: President Obama • stimulus plan
soundoff (148 Responses)
  1. sg

    I wish Obama would show all of us losing their jobs how to shake down banks for money like he did for ACORN as a community organizer. Obama – you helped create the subprime mess and now you propose to fix it?? Your plan sucks and so do you. Don't forget – Your party was in power in 2006 and could have led the charge to fix it. Frank and Waters said there was NO PROBLEMS at Fannie and Freddie as looked the other way. Well now your going to turn us all into welfare dependents which is another way of saying Democrat. Good way to increase your political base!

    January 28, 2009 11:23 am at 11:23 am |
  2. LIP

    Dear Matt,
    It has been all about blame and revenge and the Right Wing conspiracy for Democrats, ever since Clinton was caught with his pants down.
    When the Republicans controlled congress it was nothing but gridlock from the Democrats and once Pelosi came into her power in 2006, she declared she would do all she could to topple the Republicans and that is what she attempted for those two years you referred to and look how it affected the people. I seem to recall those same people thought the Democratically controlled congress for those two years had the lowest approval rating in history.
    Where the sun doesn't shine Matt

    January 28, 2009 11:24 am at 11:24 am |
  3. Mari

    @ MATT...... THANKS for your comments! You are correct!

    Congress needs to get with it, COOPERATE OR the remaining GOPers WILL BE VOTED out!

    The far-right continues to spew its hate, lies, fear and division.

    The far-right offers NO solution NO options just more of the same VILE.

    We, the People, elected Barack Obama by a HUGE margin (not the slight margin of Bush!) and we spoke loud and clear!

    So I say to the GOPers in Congress, COOPERATE OR YOU ARE OUT!

    January 28, 2009 11:25 am at 11:25 am |
  4. littleone

    Please people don't asume acording to your politcal view, get the facts straight. it's not a welfare bailout, like some have mentioned, nor is a tax rebate for those that don't pay taxes. This is a stimulas package to get jobs, infracstructure, schools, forclosures, and all the republicans can say is no, because they are not getting 5% more on tax cuts, what they're really saying is they want America to fail.
    And please don't tell us to shut up! We just had 8 long years of it.

    January 28, 2009 11:25 am at 11:25 am |
  5. Cody age 17

    People of America it is time for change? But, what is there to change? I answer nothing. Yes there is poverty and yes there are other problems that americans are faced with every day, but every country has these problems, some worse than others. America is the land of hope, freedom, and religion. But yet people still have something to complain about. If its not the war, its the economy, if its not that its religion, if its not that its how America is being run, and so on. It never stops. Im not saying that you are wrong or your not entitled to your own opinion by my lord you complain even tho you know nothing about what your complaining about. Now I think its my time to share my opinion. I am going to blog my opinion, each blog will be a different topic read it and wright back. CNN or any other news station please read this to the world.

    January 28, 2009 11:25 am at 11:25 am |
  6. ChuckTX

    Hey is Jack "distillery enthusiast" Cafferty going to blame Rush if this gets no votes from the Republicans??

    January 28, 2009 11:30 am at 11:30 am |
  7. barack Obama is still just B.O.

    Florida Joe,
    The republicans did know what was in the stimulus and rightfully said vote NO!
    Sorry they don't just follow blindly as from your comments, you do. The bill is better than it was because the republicans did the right thing regardless of the people like you who blindly support anything BO says and criticize any opposing view. Still not a good bill by any means. Sort of shows BO's inexperience.

    January 28, 2009 11:31 am at 11:31 am |
  8. Mark, B'ham., Al.

    From what I have heard and seen on the news, this is more pork and liberal spending than it is stimulus. What does 4 billion dollars to activist groups like ACORN have to do with stimulating the economy? More money for global warming studies how is that stimulating the economy? Lou Dobbs had a good laugh last night as well as disappointment in what was in this package.

    January 28, 2009 11:45 am at 11:45 am |
  9. Don in Albuquerque

    GOOD LUCK OBAMA!!!!!!!!!!! You go guy!

    January 28, 2009 11:47 am at 11:47 am |
  10. Jeff

    Spend......spend.....spend. That's all the democrats can think about. More money for this program, and more money for that program. Is this the only solution that you can come up with? Ridiculous.

    January 28, 2009 11:55 am at 11:55 am |
  11. Ray Fisher

    I yearn for a return to civility in government as we had years ago. Reagan and Tip Oneill were from opposite parties yet worked together for the good of the nation. Now we have the Republicans agreeing to talk with the President while secretly back dooring his attempts at cooperation by instructing their members how to vote ahead of time. That is simply dirty politics which doesn't serve any party nor the nation very well.

    January 28, 2009 11:56 am at 11:56 am |
  12. Luke Brown

    The President should stop wasting his time trying to reach out to the Republicans. They only want to see him fail and they have no intention of helping him clean up the economic mess they made over the past eight years.

    Now they are attacking Harry Reid for supporting George Bush's bailout of the banks. Republicans deserve to be the the minority party for the rest of this century. I will never vote for another one again.

    January 28, 2009 12:17 pm at 12:17 pm |
  13. Debi

    Ken in NC: As a fellow Democratic supporter, I agree. Let's get rid of Boehner while we are at it.
    All three of the people (Pelosi, Reid and Boehner) need to grow up and serve the people that put them in office.
    How about recalls on them so we can start over with some grown-ups?

    January 28, 2009 12:27 pm at 12:27 pm |
  14. THE OLD TIMER

    throw it out the window and start over this time give back the legal taxpayers of America $5000 to $10000 dollar rebate check.stop incliding the pork barrel items. how much for condiums

    January 28, 2009 12:38 pm at 12:38 pm |
  15. Steel Curtain

    Tax rebates for those who pay no taxes is called WELFARE.

    Time to get off the Obama-Pelosi-Reid Ship of Fools.

    January 28, 2009 12:40 pm at 12:40 pm |
  16. Nick

    Wow, lets do this already! I am so excited about getting a check, that I will spend, that will only stimulate the economy for a month. Then once I have spent the money I have much more to look forward to. I can look forward to the repayment process that all of us Americans will have to deal with. We don't get 700 billion, then another 825 billion for free. I am sure my generation will be working until they are 85 to help pay back the federal government, but that's cool.

    You want jobs in America? Try tax cuts to business who can invest that money in themselves, expand, then create jobs. Could someone please give me a list of all the jobs the government is creating. Maybe if I had that I would then drink the koolaid.

    All the above was sarcasm for those who may not have understood that.

    I wish we actually had a free market, that would be nice...

    January 28, 2009 12:40 pm at 12:40 pm |
  17. John NC

    What happened to Obama's promise that seniors making less than $50k would not have to pay taxes? A promise to get elected?

    January 28, 2009 12:42 pm at 12:42 pm |
  18. ray

    republicans you people are terrorists in suits.

    January 28, 2009 12:43 pm at 12:43 pm |
  19. john w

    stimulus plan–the new lexicon for welfare,.dumbocrats favorite charity.

    January 28, 2009 12:44 pm at 12:44 pm |
  20. ???

    Hey EDDIE: Instead of a $825 Bil. Why not Give every US citizen, 18 yrs and older a $1 Mil. ( taxs free ) stimulas check. This would be a lot less than $825 Bil. and almost all of it would be put right back into the economy within 6 months to a year. Every one would pay off bills and buy new things. So stop the trickle down theory and start a trickle up theory.
    __________________________________________________
    I like your idea, it won't happen but I like it anyway!!!

    January 28, 2009 12:49 pm at 12:49 pm |
  21. Ghost

    OK, I re-read the plan again and I still see no pork for the sake of just throwing things in.

    I have seen some question putting money into federal buildings, but once again, that is contruction work. Community re-investiment, someone has to do that work as well. Just about everything he is proposing requires people to do the work. And these are the kinds of jobs that the financial markets look at. For example, the housing industry pays alot of attention to how many new houses are being built. It is a sign of how our economy is going.

    People, stop touting the party lines and look into this stuff for yourself. It's up on the White House website.

    January 28, 2009 01:17 pm at 1:17 pm |
  22. Dee in MD

    Republicans are so predictable, especially when they're the losers. President Obama's reach across party lines shows that he's willing to do so, even if it's mute. Let's be real, Obama was not the first to make the statement "I Won" to the republicans. He was just restating the obvious because they don't seem to get it. Bush did the same thing over the past 8 years. Remember, "I'm the decider". The concept of "working together" eludes republicans and so does civility.

    The American people said it first loud and clear to the world on November 4th 2008.

    So Republicans...get over it...get on board ...or get out of our way. Your childish games have proven ineffective and left us with much work to do. Now, it's time for the GROWN UPS to take it from here. Take a risk and put the American people first for a change. Support OUR President.

    AMERICA HAS SPOKEN & WE WON.

    January 28, 2009 01:19 pm at 1:19 pm |
  23. naqib

    Bush... 4 Trillion in 8 years
    Obama... 1 Trillion in his first month

    Oh the future looks bright

    January 28, 2009 01:20 pm at 1:20 pm |
1 2 3 4 5 6