Changes

The '''Economic stimulus package''' is a bill by [[President Obama]] and the Democratic leadership to spend over $800 billion taxpayer dollars to revive an ailing [[U.S.]] economy. The [[White House]] claims that the stimulus package is aimed at creating jobs. Critics claims it does little to help the economy and is filled with non-essential pork spending. The [[Congressional Budget Office]] says $347 billion more in interest will be the result, which brings the total plan over 1 [[trillion]] dollars. <ref>[http://www.foxnews.com/politics/2009/01/28/special-groups-line-piece-stimulus/ Special-Interest Groups Line Up for a Piece of Stimulus] Fox News, January 28, 2009</ref>

The '''Economic stimulus package''' is a 2009 bill by [[President Obama]] and the Democratic leadership to spend some $819 billion or more dollars to revive an ailing U.S. economy, battered by the [[Recession of 2008]]. It includes $275 billion in tax cuts, and the rest for spending on a very wide variety of projects.<ref> [http://www.nytimes.com/2009/01/29/us/politics/29assess.html?hp David M. Herszenhorn, "Stimulus Package’s Components Vary in Speed and Efficiency," ''New York Times'' Jan. 28, 2009]</ref>

 

The White House claims that the stimulus package is aimed at preving the economy from collapsing and restoring it to normal. Conservative critics claims it will do little to help the economy and is filled with non-essential pork spending. The [[Congressional Budget Office]] says $347 billion more in interest will be the result, which brings the total plan over 1 [[trillion]] dollars. <ref>[http://www.foxnews.com/politics/2009/01/28/special-groups-line-piece-stimulus/ Special-Interest Groups Line Up for a Piece of Stimulus] Fox News, January 28, 2009</ref>

==House==  

==House==  

The House of Representative passed the economic stimulus package January 28, 2009 and now the bill heads for the U.S. Senate. All [[Republicans]] cast a no vote including eleven [[Democrats]].

The House of Representative passed the economic stimulus package January 28, 2009 by a vote of 244-188, and now the bill heads for the U.S. Senate. All Republicans cast a no vote as did eleven Democrats.  It is expected the Senate will increase the amounts allocated for tax cuts.

==Pork==

==Pork==

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[[Category:Obama Administration]]

[[Category:Obama Administration]]

[[Category:Economics]]

[[Category:Business]]