Obama's Stimulus Plan Faces Obstacles

January 26, 2009 12:00:00 AM PST
President Obama is having a tough time getting his $825-billion dollar economic stimulus plan passed. The president hopes to sign a final bill by mid-February, but he wants Republicans on board. Despite being sworn in last week, President Barack Obama is still trying to win votes from skeptical Republicans who claim there is too much spending, and not enough tax cuts in the economic stimulus package.

Armed with the grim news that $43-thousand more Americans will soon be out of a job, the president took his sales pitch for his $825 billion dollars economic plan directly to the American people.

Obama said the economy needs action now, and his plan which he said will create or save 3 to 4 million new jobs to pull the country out of recession.

The president is also waiting for senators to confirm Timothy Geithner as Treasury Secretary, to lead the economic recovery which will include reforming the T.A.R.P. program to get banks to start lending again.

The president may have enough votes to pass the economic stimulus package without Republican support. But political watchers claim he wants to prove he can govern with support from both parties.

President Obama will be going to lobby lawmakers on Capitol Hill Tuesday ahead of the Wednesday vote on the stimulus bill in the house.


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