I just read that the Senate and House quickly reconciled their respective versions of the economic stimulus package and passed it. Kudos to the three Republican Senators who voted for it, allowing it to pass in the Senate 60-38.
The House of Representatives passed it 246-183. Not one Republican representative voted for it.
So much for bipartisanship.
This week, Paul Krugman, the Nobel-laureate economist who has a column on the New York Times Op-Ed page, said that he feels that the package, as big as it is, may not be enough, and that it is too dependent on tax breaks-- tax breaks that didn't work under Bush. He also fears that Obama, after seeing the fight he had to get this watered-down package passed, may not have the stomach for another fight.
Krugman pointed out that when Japan had a similar problem, in their "lost decade," the 90's, they did something similar-- measures that weren't enough. What worked, Krugman pointed out, was drastic measures-- including the temporary nationalization of many of the nation's banks.
I'll leave the details to economists and others who are more qualified than me. But as a citizen and a voter, I will tell you this: I will not forget the assholes in the Senate and House who refused to work with our president in dealing with this situation. The Republican party is already in tatters from eight years of horrendous leadership. Let's kick it while it's down. I want the utter destruction of the self-serving, unpatriotic Republican party.