[UPDATE, Jan. 8, 2009: There’s been renewed attention to this post for some reason, so I wanted to link this an additional and more recent post on the economy. By the way, new job figures were announced today and the “stimulus,” discussed below, hasn’t managed to create or save many jobs – an unfortunate but unsurprising result.]
Objecting to a massive, wide-ranging and openly partisan proposal, Senate Republican leader Mitch McConnell warned that the stimulus package might not pass unless it is re-tooled to focus on housing issues and tax cuts.
The President signaled his awareness of concerns but expressed confidence that the bill he supports will still pass, according a story published by the Associated Press this evening:
“I am confident that by the time we have the final package on the floor that we are going to see substantial support, and people are going to see this is a serious effort. It has no earmarks. We are going to be trimming out things that are not relevant to putting people back to work right now,” Obama said.
Senate Republicans will need to be united to stop this $900 pork-laden bill from becoming law. If the caucus lives up to McConnell and company’s talk, Republicans might actually find themselves back in the good graces of the party’s base – and the American people. Polls show public support for the package evaporating daily.