The House quickly passed a version of the economic bailout plan pushed by President Obama today without the support of a single Republican. The massive huge $819 billion stimulus bill passed by a vote of 244-188, showing two things: Democrats can pass whatever they want without GOP support as long as they stick together; Republicans are willing to risk looking like they stand in the way of economic stimulus.
Next stop; The US Senate where Democrats hold a substantial majority as well.
"Another week that we delay is another 100,000 or more people unemployed. I don't think we want that on our consciences," said Rep. David Obey, D-Wis., chairman of the House Appropriations Committee and one of the leading architects of the legislation, according to Talking Points Memo.
Republicans said that the bill was short on tax cuts, despite an estimated $275 billion in tax cuts for individuals and businesses. and Rep. John Boehner of Ohio, said the measure "won't create many jobs, but it will create plenty of programs and projects through slow-moving government spending." A GOP alternative, comprised almost entirely of tax cuts, was defeated, 266-170, moments before the final vote.
Funny thing is that corporate tax cuts, which Republicans favor, don't necessarily result in jobs either. What does is demand for goods and services, you know...the kind nobody can afford right now but might be able to if they have a few more bucks in their wallets and a decent paying infrastucture job.