(CNN) - As President Obama signed the $787 billion economic stimulus bill, Republicans offered mixed views on whether they believe it will ultimately be effective.
Republican National Committee Chairman Michael Steele and House Republican Leader John Boehner both said the measure will fail to create jobs, while Florida Gov. Charlie Crist hailed the effects the bill will have on his state.
“At a time when Florida is facing historic economic challenges mirrored across the country, these federal stimulus dollars will help Florida meet critical needs in education, transportation and Medicaid," Crist said in a statement.
Other Republican governors have not been as supportive of the package, including Louisiana Gov. Bobby Jindal, and Alaska Gov. Sarah Palin.
"We’ll need to look at the federal funding on a case-by-case basis," Palin said in a statement.
And Boehner, who successfully led his party to universally oppose the measure in the House, called it a "raw deal for American families."
“Our nation is in recession, and responsible action is required to help our economy protect and create jobs. This isn’t it," he said.
I predict a lot of republicans will not be re-elected.
The most egregious thing about this bill was the Dodd amendment that went much further on pay caps than anything proposed by the administration. I realize everyone wants blood from bankers, but you are now shareholders in those banks and should want them to succeed. Obama wanted a $500K cap on EXECUTIVE compensation. Dodd's amendment created a far overreaching measure that is going to cause a complete restructuring of bank pay. It's not just on executives, but traders who are actually making the banks money and offsetting the losses made by other departments of the banks.
What Dodd's amendment did was to create a sweetheart deal for all of the hedge funds in Connecticut whereby they can now lure successful people from banks in New York to their firms because the banks can't compete to pay them. As a result, the talent is coming out of banks and taking their skills, and importantly for Chris Dodd & his state, their tax dollars elsewhere.
The republicans are hoping against hope the the U.S. economy will totally fail so they can blame it on the dems, and (they hope) regain some power in 2010. Its all about power at the cost of the country, that's the republicans idea of patriotism.
It is amazing how many people writing comments don't have a clue as to how we got into this economic mess and what is needed to get us out of it. Not hard to understand when about half the economists say the stimulus is needed and the other half say it is inadequate and unnecessary. It is also amazing that so many of you think doing something WRONG is better than doing nothing. Egads, folks, look at our nation's economic history, read some basic economic books, and then find out that pouring money into the economy like we just did is not the answer. All the Democratically controlled Congress has done is buy votes for 2010 and 2012.
GOOD JOB PRESIDENT OBAMA.
WHERE WERE THE REPUBLICANS WHEN THEIR COUNTRY IS IN CRISIS? THEY SEEM TO PREFER PARTY OVER COUNTRY.
THE CONGRESSIONAL REPUBLICANS THAT VOTED AGAINST THIS BILL SHOULD GET A DIME FOR THEIR NO VOTE!!
It's impossible to take seriously people who think ALL spending (outside invading and occupying countries for no reason) is pork. Sorry clowns – but stimulus infrastructure spending, tax cuts and much needed state aid for police and fire services are NOT pork.
And frankly, it's pathetic that do-nothing Republicans think their failed attempt to block America's recovery is some kind of accomplishment. They should really aim higher, dont'cha think?
Poor babies. Didn't get to read the whole bill. Gee, maybe if they would quit wasting time complaining about it, they might have taken the time to READ it. These losers are so afraid it's going to work, it's just killing them! Say good-bye to your jobs in 2010. Your constituents will remember who tried to throw a monkey wrench into this. Shame on you. And to Gov. Crist, thank you for rising above partisan politics and doing the right thing by being positive.
I just can't wait to blast my democratic congressman about it. What a non sensical kowtowing to Pelosi and her mice. I think Obama really did try to make it a common sense approach in an effort to make it meaningful, but the piggy democratic congress just can't break their swinish behavior.
I dunno know about you, but with guys like Larry Craig in the GOP, I'm not letting them behind me...ever...
I DON'T CARE WITH THE TALIBAN PARTY HAVE TO SAY. THEY HAD LITTLE TO SAY WHEN BUSH WAS RUNNING THINGS.
The only reason Palin "will look at the Federal Funding" is to see if she can get even more.
"There must be a road to nowhere else we can build!"
I HATE Government spending (unless it's for ME!)"
Palin and Jindal are not going to say anything positive about Obama ... they both want his job!!
Oh the famous Repulican excuse it's all "cyclical"...is it all "cyclical" your president ran this country into the ground....went into a war that cost us too many lives to mention...so sad...how quickly they forget..
The voted leadership, of all phases of government, no longer represents their voters. They, for the taste of power, now for the next term for themselves. The mistake the children have grown up to see them for what they are self serving use of their position to advance themselves only. They, all government officials, will the public will want all government officials have their taxes reviewed.
Where was Congressman Boehner and the rest of the GOP when GWB increased the dept by over 5 Trillion dollars in 8 year? Where were these same GOP leaders when a Trillion dollar was spent in Iraq? Where was the concern for our childrens future with the spending then? Now we need to help the American People and the GOP says it is a waste. Who really cares?
YOU HAVE TO SPEND MONEY TO MAKE MONEY!!!!
It's time for the folks on the Hill that are more about representing themseleves and not the people of the US to go sit down!!! It's time to VOTE THEM OUT AND PUT IN TERM LIMITS FOR BOTH REPUBLICANS AND DEMOCRATS!!!!!
J.P Sums up the reason I'm an EX republican. Too many of them have turned to the "Do Nothing" policy. Yes, we know, doing nothing is the key to success. I'm sure you encourage your children with that lil pep talk: "Hey Junior, don't worry about life, just do nothing"
"If a government gets involved to "just do something," all bets are off. History has shown when FDR got involved and "just did something," he expanded a routine cyclical downturn into 10-12 years of economic blight, both creating and prolonging the Great Depression.
Those who fail to learn economics are destined to repeat voting Democrat."
That's brilliant J.P. What did FDR do, get into a time machine to create the Great Depression in 1929? He didn't even become president until 1932. The Economy actually improved from 1932-1937 before another recession ensued. Look past your stinkin' party line.
It's interesting that the republican governors like it (the stimulus package) just fine. Just the Washington ones don't. I think this is nothing but posturing. Give it a chance – at least SOMEONE is not afraid to try SOMETHING besides the trickle-down economics that do not and never have done any good for anyone except titans of industry and others of that ilk.
Thank you Mr. President. Unlike those snickering GOP cry babies back in Washington, they are just salivating at the fact you've out PERFORMED them all in less than month!!!
I CAN'T WAIT till these REPUGS in Washington get the boot come 2010, they are nothing but "trash talking sissies". All talk and NO BACKBONE.
Only cowards behave in such a manner, they NEVER own up to their ROLE IN CREATING THIS ECONOMIC MESS and yet they want to blame everyone else but their sorry behinds!!! This is so typical of the GOP!
Pete's logic , if a man shot a man and the cop arrived while another man was helping the victim stay alive, the poor helpful guy is guilty, even if it was Bush who shot the man. By the way, the man that was shot is our beloved uncle "UNCLE SAM".
you know there's nothing that makes me more sick to my stomach then to listen to a repugs complain about fiscal resposability........tax cuts is their only solution to everything........a whole lot of good that as done you over the last 8 years..........morons
PETE , YOU HAVE PUT IT OUT THERE , AN THERE IS A LOT OF PEOPLE , THAT APPLAUD YOU.
YET. NO MATTER WHAT WE SAY , AN THE CLIFF IS DIECTLY IN FRONT OF THEM . THEY WILL STILL , GO THERE MERRY WAY , THEN SAY WE DONE IT TO THEM . UHHH HUHH CHANGE , CHANGE AHH WERE BROKE .
THEN THEY WOULD NOT LISTEN , OR EVEN TAKE THE TIME WHAT THEY PUT IN THIS BILL .
PORK FEAST . THEN FLY AROUND AN SPEND IT AN , THAT IS A GOOD EXAMPLE OF A VERY POOR LEADER.
???? HOW MUCH DOES IT COST FOR ONE DAY , MUCH LESS ALL THESE DAYS , FOR EACH CITY TO PROTECT , OUR FLY AROUNDS, TIME HE LEAVES TILL HE RETURNS. THAT LEAVES EACH AND EVERY CITY WITH THERE TAB ALSO.
THEN HE TELLS THE AUTO INDUSTRY TO WALK . WRIGHT.
Perhaps you need to check your facts. It is false to say that only tax cuts stimulate the economy - spending does as well. As a matter of fact, for timeliness, spending is better than tax cuts - you won't see relief from tax cuts until about this time next year at the earliest.
Another fact you might want to check out is that tax cuts *never* pay for themselves. Never. Look it up. Even Bush's economist said that tax cuts don't pay for themselves. So just exactly how does that stimulate things?
A third fact is that the non-partisan CBO has already certified that this bill will create jobs, and help stimulate the economy. So who should we believe - a group that does this for a living, or you?
Final fact is that 35% of this bill *is* tax cuts, including a $70 billion adjustment to the AMT that has nothing to do with job creation. So what is your beef?
To Louisiana Gov. Bobby Jindal, Alaska Gov. Sarah Palin and all of the other Republican Gov's "If you don't like it DON'T TAKE THE MONEY" All of the other states in the Union will be happy to divvy up your share.
And while you’re at it, refuse to take any federal money above what your state brings in. Louisiana and Alaska are two of the biggest welfare states in the union. Alaska receives $1.84 in federal spending per dollar of taxes paid and Louisiana gets $1.78, while states like California only get $0.78 of each tax dollar sent to the federal government.
No wonder California has a budget deficit; they are subsidizing states like Alaska and Louisiana’s existence.
So PLEASE, protest...and DON'T TAKE THE MONEY!!!