President Obama Signs $787 Billion Economic Stimulus Plan

Moments ago, President Obama singed H.R. 1, the economic stimulus package into law.  Unfortunately, I was taking a phone call during the beginning of his speech, so I couldn’t live blog it, but I did catch some key parts (I’ll do a summary of the whole speech later).

One part that caught my eye was when he said that the bill was “a balanced plan with a mix of tax cuts and investments.  It is a plan that’s been put together without earmarks or the usual pork barrel spending.  And it is a plan that will be implemented with an unprecedented level of transparency and accountability.”

Really?  Because, I remember the Democrats promising that the final version of the bill would be available to be read for 48 hours before being brought to a vote, but it was brought to a vote around 12 hours after the bill was posted (posted on-line around 12:30 A.M. last Friday), and voted on, I believe around 2:00 P.M. in the House, and later in the Senate.  At one point, Representative David Obey (D-WI) got in an argument with a Republican Representative (I don’t remember who), and asked the Republican to show him something in the bill.  He held it up and the Republicans just laughed.  He made a fool out of  himself by SHOWING that nobody could quickly find anything in the bill – it’s over 1,000 pages long!

So, I wonder if the Democrats and Obama will stick to this  promise of “transparency and accountability” or if they will continue to change their promises like they’ve been doing so far.

I see us being right back in position of “needing” another stimulus package in 6 months or so.  Hopefully the next one  won’t be “needed,” but if one is proposed, I hope that one fails in Congress.

Done Ranting,

Ranting Republican
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3 Responses to “President Obama Signs $787 Billion Economic Stimulus Plan”

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  3. Betsy Says:

    Is this stimuls package for people on Social Security veterans,

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