Final Stimulus Vote Could Come Soon

February 12, 2009 12:00:00 AM PST
A final vote in congress on the economic stimulus bill could come Thursday or Friday. Meantime, President Obama will visit a Caterpillar plant in Peoria, Illinois today to focus on job losses and push his plan to restore jobs. Last month, the plant cut 20,000 jobs then eliminated another 2,500.With differences resolved between the House and Senate versions, the stimulus bill still has to clear one final vote in congress. So the president hits the road again, to campaign for this legislation, traveling today to a Caterpillar plant in Peoria, Illinois.

"We're all kind of worried here because we don't know what's going on," said Caterpillar worker Mike Belville.

Caterpillar's CEO told the White House that if the stimulus becomes law, the company may be able to re-hire some of the twenty-thousand workers it planned to lay off.

"What's at stake here are not abstract numbers or abstract concepts. We're talking about real families, that we can help and real jobs that we can save," said Obama.

The stimulus bill's final price tag of $789-billion dollars represents tough concessions made between Democrats and Republicans.

"This is obviously a very difficult vote in view of a large deficit of national debt which we have," said Sen. Arlen Specter (R) Pennsylvania.

"We have come to an agreement with the Senate as to how we will go forward," said House Speaker Nancy Pelosi (D) California.

It includes about $282 billion dollars in tax cuts, a little more than $300 billion dollars in spending for infrastructure and education, and a little less than $200 billion dollars in aid to states facing budget shortfalls. Still most Republicans are furious.

"I've got to tell you; from everything I'm hearing about the so-called deal, I'm very disappointed," said Rep. John Boehner (R) House Minority Leader.

Political watchers said this bill means the president and his party own the economy, taking credit if it helps to turn around the failing economy, or shouldering the blame if it doesn't.

-----------------------------------------------------------------------------------------------


abc30 News Links:
Links to other news sections on our website.

-----------------------------------------------------------------------------------------------

Breaking News Alerts:
Click Here to Sign-Up for Breaking News E-Mail Alerts
Receive Breaking News alerts in your email inbox.


Click Here to Sign-Up for Text Message Alerts
Receive Breaking News alerts right on your cell phone.


-----------------------------------------------------------------------------------------------

Load Comments