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GOP leaders doubt stimulus bill will pass Senate
Posted By admin On February 2, 2009 @ 1:28 pm In Money Watch | Comments Disabled
Monday, Feb 2, 2009
Senate Republican leader Mitch McConnell said Sunday the massive stimulus bill backed by President Barack Obama and congressional Democrats could go down to defeat if it’s not stripped of unnecessary spending and focused more on housing issues and tax cut.
The Senate version of the bill, which topped out at nearly $900 billion, is headed to the floor for debate. The House bill totaled about $819 billion and earned no Republican votes, even though it easily passed the Democratic-controlled House. At some point lawmakers will need to compromise on the competing versions.
McConnell and other Republicans suggested that the bill needed an overhaul because it doesn’t pump enough into the private sector through tax cuts and allows Democrats to go on a spending spree unlikely to jolt the economy. The Republican leader also complained that Democrats had not been as bipartisan in writing the bill as Obama had said he wanted.
“I think it may be time … for the president to kind of get a hold of these Democrats in the Senate and the House, who have rather significant majorities, and shake them a little bit and say, ‘Look, let’s do this the right way,'” McConnell said. “I can’t believe that the president isn’t embarrassed about the products that have been produced so far.”
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