blackascoal
The Force is With Me
House Rejects Obama's Request For Rest Of TARP
WASHINGTON — President Barack Obama's economic recovery plan, including proposals to award a $500 tax credit to most workers and to help the laid-off hang onto their health insurance, met Republican resistance Thursday as it began moving through the House.
At the same time, the House cast a strong bipartisan vote, though symbolic, to reject Obama's request for the unspent $350 billion in a bailout fund for the financial sector. The 270-155 vote was a moot point because the Senate refused to block the release of the money last week. That effectively made it available to the new administration.
But the vote illustrated the difficulties facing Obama as he moves ahead to spend the bailout money without irritating public opinion. House members in both parties have been under pressure to oppose more bailout spending.
-- more at link
http://www.huffingtonpost.com/2009/01/22/house-rejects-obamas-requ_n_160081.html
I applaud this move by Congress.
WASHINGTON — President Barack Obama's economic recovery plan, including proposals to award a $500 tax credit to most workers and to help the laid-off hang onto their health insurance, met Republican resistance Thursday as it began moving through the House.
At the same time, the House cast a strong bipartisan vote, though symbolic, to reject Obama's request for the unspent $350 billion in a bailout fund for the financial sector. The 270-155 vote was a moot point because the Senate refused to block the release of the money last week. That effectively made it available to the new administration.
But the vote illustrated the difficulties facing Obama as he moves ahead to spend the bailout money without irritating public opinion. House members in both parties have been under pressure to oppose more bailout spending.
-- more at link
http://www.huffingtonpost.com/2009/01/22/house-rejects-obamas-requ_n_160081.html
I applaud this move by Congress.
