Rifts show as Obama urges quick action on stimulus

[Terri]

By ANDREW TAYLOR
Associated Press
January 9, 2009

WASHINGTON (AP) -- Lawmakers are under orders to finish action on President-elect Barack Obama's nearly $800 billion economic recovery plan by mid-February. But already it is plain that a set of serious fissures need to be bridged if the bill is to be completed within five weeks.

Obama urged Congress on Thursday to "act boldly and act now" to fix an economy growing perilously weaker, even as top Democrats said they dislike key provisions, especially the design of his tax cuts.

Democrats such as Budget Committee Chairman Kent Conrad complained openly that many of the incoming administration's proposed tax cuts wouldn't work. Republicans warned against excessive new spending, with both parties signaling the incoming president they intend to place their own stamp on the economic recovery effort.

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[thomas]

What is PEBO's almost pathological rush to spend this 800 BILLION? I spend more time deciding what flavor cream cheese on my bagel. I fear this could be his catalyst for many bad ideas to come!
The Old Chief

[utexas]

Can anybody else see the Great Depression repeating itself in history? I see the Dimocraps doing the exact same things they did in the 30’s to create one and exacerbate it endlessly.