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P.L. 111-5, The American Recovery and Reinvestment Act of 2009 (82 comments ↓ | 22 wiki edits: view article ↓)

  • This item is from the 111th Congress (2009-2010) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

H.R. 1 would make supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, assistance to the unemployed, and State and local fiscal stabilization, for fiscal year ending September 30, 2009.

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Visitor Comments Comments Feed for This Bill

Page 1 of 2: « First/Oldest | Last/Newest »

JIm

January 28, 2009, 8:36pm (report abuse)

Where is the portion of this legislation that would help people stay in their homes with a loan modification from the toxic assets?

Yes, help for the homeless is a good provision for the bill. No, making more people homeless is not worth increased action for those forced homeless from toxic loans.

Rob

January 31, 2009, 6:47pm (report abuse)

create more debt (which seems to come from an unlimited line of credit) to get us out of debt? CUT SPENDING!!! we could start by ending the failed "Wars" on poverty and drugs and the hemp "INDUSTRY". remember when the United States produced stuff? time to go back to "work" people! credit is for losers (slaves) and WAR always kills innocent people while the real criminals profit from the "chaos".

Thom

January 31, 2009, 6:59pm (report abuse)

I do not believe H.R.1 is what the President was seeking. Quit playing around Madam Speaker and get onboard with what American's want, getting the middle class moving again!

jim

February 1, 2009, 4:00pm (report abuse)

infrastructure spending is a failure, it takes to long to complete and there is too much redtape.plus you can overspend which defeates the purpose

Darrell Parsons

February 2, 2009, 10:49am (report abuse)

I am just so excited... The part of the Economic stimulus that is going to fund the retrofitting and modernization of decrepit old millinery and durable goods factories, iron works as well as building new plants across the nation to put Americans across the nation back to work ... Seeing the government show actual concern to the masses it was appointed to represent as a whole... Its gonna be awesome to see those Made in The USA labels again... Car parts, light bulbs, TV's bath tubs...Bridges spanning the rivers and bays made from 100% American steel and assembled by Americans... Great Job Congress... Bringing back the outsourced work to American soil!

Jim in the cape

February 2, 2009, 11:17am (report abuse)

Throw the bums out of office...they don't care what we think!

Donna

February 2, 2009, 11:41am (report abuse)

With the exception of a few things that look pretty frivolous we need a stimulus. Clearly, it does not work to ignore the problem in hopes that it will go away.

bretta

February 2, 2009, 4:32pm (report abuse)

Government needs to stay OUT OF BUSINESS...it didn't work before and it won't work now. Msrket competition will straighten things out MUCH sooner than government. In trying to use the last tranch of $$$ they proved it.

Derrcho DeVia

February 2, 2009, 7:27pm (report abuse)

Sorry bretta, but our government IS big business. I know what you're saying, but this was an institution set up prior to the war of aggression against the south, and nothing can change that, even Obama, short of a revolution. And that won't happen -- not in a country where our government refers to us as consumers not citizens, and we are trained form a young age to buy into that. Did this sound negative?

bankbum

February 2, 2009, 8:10pm (report abuse)

Economic Stimulus 101 - Reinvest in Americans…

The solution is simple… we need to stop serving the interests of the few and start servicing the interests of many. Sounds redundant and said many times before. I know.

Rather than spending the purposed trillion plus… the government should self insure and invest in the strength of it’s citizen’s and let the citizen’s become once again “proud”.

If the government wants to stimulate the economy, then give everyone free & EXCELLENT health care and take the burden off of business and families. The savings alone would propel most businesses to expand and families to feel more confident to spend…plus THEY ARE PROUD TO BE AMERICAN!!! Their attitude has changed and they are more confident, more productive, more self aware of what it really means to live in a truly great country.

More…

bankbum

February 2, 2009, 8:13pm (report abuse)

Government personal vehicle insurance could save Americans billions which could be offset by various taxes such as: metering based upon your usage of your vehicle, set fees are paid when you purchase your new vehicle and are based upon vehicle rated classes and cost, so if you really want that great big ol hummer… expect to pay much more than the person who settles for the

Let the insurance companies go after the life, home, casualty, personal type insurance that is more of an option for Americans.

Look at all the new jobs we have created and people running around making software changes, tying networks together…

bankbum

February 2, 2009, 8:15pm (report abuse)

Massive… and I mean MASSIVE reform of the welfare system! I hate to say it… but it’s necessary to say… get those people off their rumps and out working, and at the very least…volunteering for something. If we are going to float a check then they will at least be doing something for it… in lean economic times there just can’t be too many free lunches.

More...

bankbum

February 2, 2009, 8:16pm (report abuse)

Break up the BIG banks and create a situation where any bank cannot be so big that it can’t afford to fail. Use anti-trust laws. I find it ridiculous that the government prevented google from revenue sharing with yahoo, but willingly handed out billions to “supposedly” solvent banks like BofA, Wells Fargo, and Chase which used some of that money to buy up insolvent banks. Part of me wonders if those solvent banks were really as solvent as we would like, or were buying the insolvent banks a method of diluting their own insolvency… my only fear now is…what if they failed?

Banks that charge $35.00 overdraft fees in a day when everything can be done electronically infuriates me. It reminds me of the days of stoggy old bankers, smoking cigars, laughing because they still controlled the money then.

bankbum

February 2, 2009, 9:05pm (report abuse)

Oh by the way, I am not opposed to the economic stimulus part of the package... it's the other 750 billion that bothers me

Jim

February 3, 2009, 11:30pm (report abuse)

The legislation is not as important as correcting the initial problem related to home losses. The inaction of Congress to address the core problem and instead concentrating on wheeling and dealing in this massive $4300 per average family is a cost that should not be placed upon the American people.

Also I agree with the comment that we are referred to as consumers instead of citizens. I often refer to myself as a consumer and pro-consumer legislation.

It seems that since the tie is to consumer instead of citizen that they would not encourage job losses by moving jobs overseas.

Also, how can we try to push for jobs for those on public assistance when our current workforce is being set out o the streets.

Congress should concentrate on HR 225 for one thing and also on HR 384 to ensure that the second portion of the 700 billion goes to address homeowners as was described in the whole reason for the massive debt increasing measure.

Maryb449

February 4, 2009, 8:30pm (report abuse)

The House version of this bill had 2 good COBRA provisions - one for people who are laid off (they would only have to pay 35% of their COBRA premium for 12 months) and then another provision for people over 55. The latter would have to pay the full premium but could pay it up to age 65, not the 18 months. As a local county government employee who is facing a layoff and library closings, this would be a big help. I actually work for 2 counties and both are planning RIFs at the end of the fiscal year in June. My husband's a vet and he has VA but I, a cancer survivor, can only use the COBRA if I lose my job (oh, yeah, that's another problem..the pre-existing condition thing that excludes cancer survivors). Anyway, 35% of a $550 premium would help a lot.

Fed Up

February 4, 2009, 8:30pm (report abuse)

Does anyone remember what happened in Japan in the 90's? They spent BILLIONS trying to stimulate their economy. Did it work? NO. So why are we attempting to do the same thing? So we can be just like the Japanese? Appears to me between the House, the Senate and our new President we have dumb, dumber and now dumbest. Even today President Dumbest said it's going to get a lot worse before it gets better. I wonder why? WAKE UP

Jim

February 4, 2009, 9:26pm (report abuse)

this bill is nothing more than attempt to show that we can increase the national debt another trillion dollars in a very short time. Nothing in this bill stimulates the economy. It throws more money at already failing entities and detracts from the more important issues as how to keep people from losing their homes, how to prevent more jobs from being lost.

Sure there are provisions to help those homeless, however increasing the amount of people losing their places to live is not sufficiently replaced by more funding for dormatories for those kicked out on the street because of a Congress that refuses to address the core issue of the financial crisis, bad termed loans going into default and the terms for the loans not being modifiable currently. Address the problem without tax dollars. The job of Congress is to make laws that take away the American dream. Owning a home is an American dream, therefore Congress is on a spending spree without funds to pay for it.

Jim

February 4, 2009, 9:31pm (report abuse)

They think their job is to take away the American Dream. Their job is to protect people from unscrupulous practices which reduce the realization of the American ideal to own their home and not to be financially ruined by predatory practices which were propegated.

Rich

February 5, 2009, 9:43am (report abuse)

They entire economy should be treated like a devastating forest fire and let it burn out naturally without government interference. The new shoots which spring forth will be much stronger and wiser.

Karla

February 5, 2009, 3:05pm (report abuse)

Does any one knows if this bill is approve by the senate, does this means that who ever is collecting unemployment benefits, will they get extended for more benefits? If this is the case, it will be nice to help all of those people that are without a job and are struggling to pay they're bills and bring food to the table.

Moe

February 5, 2009, 7:54pm (report abuse)

All this spending!!! GOVERNMENT STAY OUT!!! - You are the problem why the economy is where it is. STOP scaring people.. Recover the real estate market which is the foundation of our economy. Mr. Obama, stop your socialist agenda, you were elected to change the wasteful spending not to assist it.

Stuart

February 6, 2009, 11:02am (report abuse)

In my opinion, more of the funds need to be spent during the first two years than is currently scheduled under the Bill. $92 B during all of 2009 is just too little--most of the funds are backloaded to future years after we are hopefully out of this mess.

Eric Mac

February 6, 2009, 11:47am (report abuse)

Are you an economy with performance issues? If you find it hard to achieve and maintain growth, maybe Stimulus is right for you. Take Stimulus once every election cycle or whenever you're in need of economic enhancement. ...

Economies with top heavy debt loads, or high tax burdens should not use stimulus. Stimulus has many active ingredients, but they are poorly understood my economists.

Side affects may include:

Hyper-inflation, stagnation, dollar devaluation, earmarks, excessive debt, bankruptcy, loss of jobs, growth of welfare state, expansion of manic state, unrealized expectations, economic impotence, depression, halitosis, and sweaty palms.

Stimulus has not been proven successful, so it should not be used in hopes of achieving actual growth.

Stimulus; because all economies have performance issues!

Mike

February 7, 2009, 12:06pm (report abuse)

Same story. The dems are trying to make up for no spending for 8 years under George Bush in one shot. The GOP as usual says no to everything but tax cuts.The problem is we don't share the same problems. Most GOP senators come from rural leaning states. Different economy completely. The politicians (Both parties)are all scumbags & concerned with only their own self interest but the GOP is relating to rural values because those people voted for them. It's like trying to explain the need for a subway to someone in Wyoming. Then they all try to hype and spin the issues until it's difficult to tell the facts from the spin. The facts are the economy is shrinking a lot of people are loosing jobs. We need to make decisions based on facts & sound economics not hype.Tax cuts won't work in the short term but The GOP are still saying no to everything except tax cuts.The dems will overspend but if my house was burning I would rather have too much water than not enough.Not much of a choice.

Casualty

February 7, 2009, 12:48pm (report abuse)

I have been out of work for over two years. I did not qualify for any of the unemployment benefit extensions and I did not receive a stimulus check. My savings and retirement accounts have been exhausted. We need a bill that creates jobs. The Government got us into this mess and they need to get us out of this mess.

Mike

February 7, 2009, 12:57pm (report abuse)

The real ironic part of this is the stimulus fight is causing a further erosion of confidence and diminished spending (demand)& only increased demand is going to get us out of this & people are not going to spend now & since a good chunk of our goods come from China so even spending may not do it.The only high point is the layoffs are worse in China than here. I understand basic economics but how do you stimulate an economy through stimulating demand that has shipped a good chunk of it's manufacturing abroad. I believe the credit freeze is a big part of the problem but after that we have to get serious about trade. 20 Asian factory workers can be hired at the cost of one here. There is no way we can compete with that.Seems a funny coincidence that we had a flat economy since NAFTA & China got most favored nation status.Are import restrictions such a bad idea? What's really scary is we have to rely on politicians to solve the problems.(gulp!)Well at least George is gone!

Ron

February 8, 2009, 1:20am (report abuse)

Banks and financial institutions need to be nationalized for 2 years, and reduced in size multifold. To big to fail is to big to exist. CDS's need to be nullified and their trade made illegal. In other words, the shareholders and bondholders got us into this mess, they can pay for the recovery.

Once the ecocnomy is stable again, regulate them to death and go private. Otherwise, we will just continue to do the repeat of tossing money at GS, AiG and whoever is politically connected and upside down on CDS's every 3-6 months.

Cindy

February 8, 2009, 12:38pm (report abuse)

This bill has to pass, we need something to stimulate this country into getting people back to work,this mess has been in the works for years now, we know that we didn't get into this mess overnight, so we won't get out of overnight, we have to work together as a country so this does not happen again. We have to do something and passing this bill sounds a lot better than sitting around waiting for the bottom to fall out.I did not vote for Obama but I'm with him in getting this economy started and putting people back to work, enough is enough!

PJ

February 8, 2009, 4:26pm (report abuse)

Unitll all pork and earmarks are taken out this bill should not be passed.

We should really consider passing a line item veto bill prior to sending this bill up for a vote.

doesntmatter

February 9, 2009, 12:37am (report abuse)

Lets just face the reality that republicans have already publicly stated that they will never support this bill. Knowing that, the arguments they drop to the unintelligent should be taken with a grain of salt.

nowaytothisbill

February 9, 2009, 2:27am (report abuse)

I am against this due to all the additional funding request by so called "non profit" organizations and local municipalities. This should only be used to help create long term jobs by bringing back MANUFACTURING, to America. All these politicians should be asking the voters in their district how they should vote and VOTE FOR THE MAJORITY. They have forgotten, they are JUST EMPLOYEES HIRED BY US!

Jim

February 9, 2009, 6:59am (report abuse)

I agree with nowaytothisbill about bringing back manufacturing to out nation to be one of the most important elements to recovery.

I also feel that to help the municipalities out it would do a lot better to force servicers to rework the loans that were written with conditions which surpass the homeowners ability to maintain the loan. Without the servicers being forced to rewrite the loans, municipalities lose out wholly on loans which go into foreclosure.

This bill does not direct funds to force the financial collapse to rework loans and perpetuate cash flow. It just goes to raise the national debt by borrowing more and bringing in less.

Cherokee Kid

February 9, 2009, 10:06am (report abuse)

The theory of spending our way out of this mess is madness.

george

February 9, 2009, 1:19pm (report abuse)

i barely see anything in there that would help small and medium sized businesses...which is the bread and butter of our economy...not to mention they create real gdp and employment from the private sector...

Common Sense Applies

February 9, 2009, 2:38pm (report abuse)

I find it interesting that the estimated cost of this BILL is $3381.85 per agerave family. Of course this is the average family who pays taxes.

Those who dont pay taxes (illegally residing persons, those who are on the dole and have no inclination to obtain work) are riding on the backs of us who work & pay our share of taxes.

Having scanned the bill, I see verious issues which give money, but have little, read as none, benifit to the country or economy. The definitions of the listed items are so vague they have no real meaning.

Lets get smart, itemize the programs wanted, the benifits to the country to be gained, who is paying for the program, and who is providing oversite to the money given.

OH yea, and then put it to a national vote, sorry Washington dont really feel you have my best interests at heart.

M Price

February 9, 2009, 3:08pm (report abuse)

Stimulus? More like "Stymie US". If the so-called leaders would stop trading "marbles" to satisfy their personal gain and/or "pay backs" to special interest groups, perhaps we could see some real focus on "the people" and the state of the nation. Saddling us with an unrealistic and illogical burden speaks to the inability to give us the promise of transparency and intolerance for lobbyists' gains, tax frauds, investment scams, etc. Seems we are witnessing the most incredible scam ever -- has the bill, line by line, been viewed by the oval office and if so, where is the power to veto line items?

ChuckL

February 9, 2009, 3:13pm (report abuse)

The best possible stimulus is one that does not require government spending.

Let's try a tax moratorium for business that creates new local jobs. That can include "green" jobs as long as the congress and the president don't get to decide what is "green".

fairmedia

February 9, 2009, 7:34pm (report abuse)

not just create debt, but expand government programs, not much stimulus in increased government

PWS

February 9, 2009, 8:37pm (report abuse)

Do the American people realize that $25,000,000 of this stimulus act if for salaries for oversight? I don't think that money will make it to the average/middle class citizen that is having difficult.

Jim

February 10, 2009, 6:25am (report abuse)

There is no portion of this bill that would stimulate the economy. The only way to get cash flow to start again is to prevent the mass failure of poorly designed loans which are overburdening homeowners with their conditions. It was highly caused the lack of regulation to prevent issuing loans that cause many Americans to become insolvent when attempting to pay these loan types.

A mass modification of these loans and preventive measures against these loan types being marketed ever again is the only measure needed to stimulate the economy.

Jim

February 10, 2009, 6:26am (report abuse)

Yes, getting small business in a state which would get more private sector jobs is a good proposal. This is not addressed either with this bill.

Big business needs to be swayed heavily to keep local jobs within our borders and less needs imported from overseas. All we need is raw materials and have industry to create the local products on our shores. More jobs, more people paying to support our national defense, more money flowing from American to American instead of out of our country and devaluation our monetary exchanges.

Bretta

February 10, 2009, 3:12pm (report abuse)

I hope that all the commentators above are not just preaching to each other.Call,write,email your Reps and Sens and tell THEM what you think. We can't just vote every 2 or 4 years and HOPE.

Reps and Sens have to know that we're watching and listening and are on their cases!!!!!

Jim

February 10, 2009, 5:23pm (report abuse)

I inform the two Senators, one representative, one speaker and one President. Hope only leaves one hungry.

Adam & Carol Holzhauer

February 10, 2009, 6:33pm (report abuse)

The health care provisions in this Bill which allow the Gov't to potentially limit care to Americans is an afront to our Constitutional Rights. Freedom of choice is a basic right that all US Citizens should be afforded. Shame on the 3 Republican Senators for voting fof this Bill.

jjohnson

February 10, 2009, 6:35pm (report abuse)

Several months ago an email was floating around that said that the quickest way to rejuvinate the economy was to follow Kynsian economic theory(I know I am spelling that wrong. Sorry brain block.). The suggestion was to divide up the proposed "economic stimulus" among American "citizens" 18 years of age and older. The stimulus check would be taxable by the US goverment, thereby returning a % back to the treasury. Welfare recipiants would be off welfare for the time frame equal to the amount of the stimulant check. A majority of the populus would more than likely pay down/off their existing debt, thereby easing the credit pinch. They would also more than likely purchase consumer goods or invest any amount over their debt load,thus creating a huge cash inflow directly into our economy. Let our own people fix our economy in the fastest most effective way! Not in the questionable, negative, debt increasing outcome that we are being forced to swallow by congress.

Julian Hortz

February 10, 2009, 11:33pm (report abuse)

Dear Representatives. I wish to ask of you for a few seconds of your time to just answer one question. We are in trouble because we over-spent during the last administration. How does spending on a greater scale solve the problem? We, as citizens of California, have seen what irresponsible spending can do to a great economy.

The only stimulus we the American people need is for the legislature to allow us to retain some of our hard earned wages with every paycheck (tax cuts). When people have more money to spend, the economy sees more cash flow. This proposed stimulus is the result of a welfare mentality which promotes irresponsible spending, stagnates the creativity of entrepreneurs, and rewards unproductive individuals.

In my humble opinion, please reconsider the damage we are about to cause to our great nation. We do not need more spending, but better policy.

May God bless you, and guide your decision.

a black

February 11, 2009, 12:55am (report abuse)

Need 8 x 800 B current stimulus package to match roosevelt's ww11 spending that ended 30's and early 40's depression vs roosevelt's 1934 package that fed people but didn't stimulate economy. economy.

Lee

February 11, 2009, 3:04am (report abuse)

Washingtonwatch.com is a progoganda website for the CATO institute. Where is the outrage the Bush administration doubled the national debt to over $10 trillion with war spending, and giving a txa cut to the wealthiest Americans while our economy was based on credit?

If you are a conserveative, this is a great place to get talking your points, for facts it is useless.

PS - legislation is posted in the Congressional Record website 24 hours after ntroduction, and there is no commentary, just pure law.

Bobby

February 11, 2009, 10:29am (report abuse)

I love this bill, it is almost perfect and will finally solve all our social problems. I wish everyone would just give our president and his congress the power to do what they want. They know what's best for us.

Jim

February 11, 2009, 5:37pm (report abuse)

They are supposed to be representing the state's best interest in the Senate. For the representatives, they should be representing the best interest of their respective districts.

I hope the above post is sarcasm which I took it to be

Derrecho DeVia

February 11, 2009, 9:42pm (report abuse)

Bretta,

Apparently a reply I made over a week ago didn't get posted, but here's the gist of it. THE GOVERNMENT IS BIG BUSINESS -- always have been, and short of a base population revolution, always will be! Viva Che

Jim

February 12, 2009, 10:50am (report abuse)

I don't understand why there is such emphasis in state and local government financing from a national government source. I do understand that the national government has more sway to come up with debt financing (counterfeiting money) than local governments have, but counterfeiting financing whether at the state, local or national level is bound to lower the real value, if any, of our existing monetary system.

Plus, this legislation fails to address the original lead to our current problem, foreclosures, lost principal and interest due to overloading loans which sap the homeowner from keeping cash flow continuing.

In Shock and Awe

February 12, 2009, 11:56pm (report abuse)

Use what $ we need to offer low interest loans to people who want to rebuild our industry...Let's NOT let those Senators sign that bill tomorrow! According to Lindsey Graham it has not even been available for reading and they are pushing this bill to be signed by tomorrow night. INSANE! Most of the bill is NOT a stimulus package but it certainly has projects in it to make sure those signing it are giving something to their states for a re-election guarantee. Senator Harry Ried of Nevada....he wants the high-speed railway from Los Angeles to Las Vegas. Let's give the money to the PEOPLE of this country to build...to manufacture. When was the last time you saw Made in America? In addition to the banking situation/bad loans to unqualified borrowers, a second reason we're having problems in this country is because we have outsourced and now there is nothing for our citizens to do to make a good living. WE NEED JOBS! CALL your Senators and scream loudly! Don't let this pass!

Shocked

February 13, 2009, 12:33pm (report abuse)

Let Americans have a chance to read it! It only became available at midnight, and Congress votes today?NOT DEMOCRACY!!!

JP

February 14, 2009, 7:01am (report abuse)

Throwing money at big business is big brother paying off big brother. The stimulas will never reach those who need to pay their bills or save their house.

JR Gordon

February 14, 2009, 2:21pm (report abuse)

I have not seen a readable version of the bull, but I am fearful that it represents a dump of the social programs (redistribution) from the campaign and little of the appropriate use of gov't funds for true infrastructure projects in transportation, energy, and technology. This bill is a major disincentive to working families.

cmac

February 15, 2009, 8:51am (report abuse)

wow, 13 bucks a week tax break for middle class. That will really stimulate our economy. These people in Washington do not care about our country at all

Jim

February 15, 2009, 9:19am (report abuse)

For the comment of bad loans to unqualified people, how funny! What are the qualifications that ensure you give out bad loans?

The loans said to be given to unqualified borrowers should be rewritten into terms which are terms that borrowers can actually pay.

If you want bad loans, take them! However bad loans (bad lending terms) need to be marked illegal as to not mess up world economies again.

Regarding HR 1, it is no good and does little to help our economy.

RICH

February 15, 2009, 11:29am (report abuse)

THIS IS THE WORSE LEGISLAION ANY U.S.CONGRESS HAS EVER PASSED. THESE ELECTED LIARS DON'T CARE WHO THEY HURT TILL THEY GET BIT IN THE BUTT.AND THEN THEY LIE AGAIN. THEY DON'T REALIZE THAT THESE PROBLEMS ARE WORLD PROBLEMS,WHICH WILL BRING CHAOS ALL OVER.

WE'RE HEADED DOWNHILL

LIKE A SNOWBALL

HEADED FOR HELL

Steve

February 15, 2009, 6:36pm (report abuse)

The STIMULUS PACKAGE is needed because its a start to help this economy get back on track again and its better than doing nothing. This political party thing is pitiful because the Republicans are against it PERIOD! Nothing will change that and thats ok because their party is the reason there is a Stimulus package. There party was in charge of the White House for 8 years and did nothing to stop this economic avalanche from occurring AND now they have all the answers to fixing it? Give me a break!

Chris

February 15, 2009, 6:46pm (report abuse)

Work & pay taxes for 30 years but lose your job and its not ok to ask your government for help? Thats a bunch of horse manure!. Joe the Plumber collected Public assistance 2 times and said he paid into the system so it was HIS right. Funny how the Republicans didn't criticize him during the campaign when he was campaigning for McCain/Palin. How about that Government official who spent $200.000 dollars to decorate his office & bathroom! How about the $60 BILLION spent in Iraq every month! How about the tax cuts that President Bush gave to the Wealthiest Americans! And lets not forget the National Debt doubled to $10 TRILLION dollars as of 10.1.08! and the economic mess he left to President Obama!. You bloggers with your hypocrisy, should take a step back & look in the mirror because YOUR political party was in charge of the White House for 8 years of which there would not even be a Stimulus package if not for President Bush!

Sherri

February 15, 2009, 6:57pm (report abuse)

Funny how President Clinton got the same criticism from the Republicans when he presented his Spending bill AND he at the end of his 2nd term he had created 20MILLION JOBS & left President Bush with a surplus. The people don't know how this Stimulus package will work and yet they are all complaining. America has never been in a mess like this and its good that majority of Americans at least want to give President Obama the benefit of the doubt. This isn't his creation, he can thank President Bush. I know the Stimulus package will work and the states needs the funding desperately. Thank you President Obama at least you are attempting to fix the problem with SPENDING & TAX CUTS in that order!

Jim

February 15, 2009, 8:40pm (report abuse)

Granted Bush had a lot to do with the economy going down. The problem though with this legislation it does not touch the elements which were destroyed during those years. The housing industry just foreclosing on homes with no intent to repair the economies by working out the loans and adding cashflow back to the economies. Also there is nothing to prevent jobs from outsourcing work overseas or moves to move the American Dollar out of the Federal Reserve and back to commodity backed National currency.

Anyway, helping people out who lost jobs in an environment where the jobs are not plentiful. It is a good measure from this mammoth legislation. We could have passed that measure without all of the other overhead.

cmac

February 16, 2009, 9:22pm (report abuse)

classic liberal chatter,blame everyone else for bad times and then whine about needing help...pull yourself up from your own bootstraps instead of holding your hand out...

2n2r4

February 17, 2009, 11:05am (report abuse)

All of the bailouts, stimulus bills and entitlements are like someone who is on drugs, what a bad habit. I now firmly believe with 100% assurance that the people now in power want you totally dependent on them.

ann

February 17, 2009, 11:17am (report abuse)

For all the Liberals and supporters of this bill, tell me how it's going to help you. Really. I'd like to see your point by point analysis. Have you read it? Do you understand it? Honestly, I'm tired of the unfettered hatred of all things conservative. Do something about it instead of complaining all the time.

Brian

February 17, 2009, 11:27am (report abuse)

Does Congress (other than Ron Paul) actually pay attention or listen tot the people they represent. The people have said overwhelmingly that they don't want any of these bankruptcy, er....bailout / stimulous bills. All the Gov is doing is locking us into further debt and prolonging the problem.

Make no mistake there are numerous reports that the total take on all this crap is 65 trillion. Yea, DOLLARS! This means America is effectively insolvent and our money is worthless. Join your fellow Americans save the Republic and help abolish the FED.

john rpv

February 17, 2009, 12:28pm (report abuse)

we cannot turn a blind eye to the junk in this stimulus package. From $30 million on Nancy Pelosi's pet project to $1.4 billion on a train from LA to Vegas. Stop the insanity. President Obama you said no pet projects. You are loosing credibilty fast.

m davis

February 17, 2009, 1:58pm (report abuse)

Mr.President, Madame Speaker......I so hope you are forced to read these comments - it would do you well not to underestimate the American voter.

Teresa

February 17, 2009, 6:13pm (report abuse)

No one knows how much this Stimulus package will help BUT it will definitely help. Many states are in a financial crisis, the JOBLESS will be able to get their Unemployment benefits extended and assistance with Cobra. $$$$ to the states will be done asap so the naysayers should really shut up because alot of this Stimulus Package will help MAIN STREET and the states for a change! America has never experienced such a economic mess like this, so allow President Obama to do what he ascertain must be done to get America back on her feet again. Tax cuts--NO! Spending--YES!

Jim

February 17, 2009, 6:14pm (report abuse)

This bill seems to be saving jobs put on the line. I hope it does what it is designed to do.

Regarding cmac comments, removing the anti-modification giveaway to lenders is a great way for lenders to get the boot right where they deserve it, bootstrap or not.

Unfortunately there is no provision in HR 1 to save homeowners.

Hopefully the move to help homeowners is going to be addressed quickly.

Silverfox

February 19, 2009, 1:14pm (report abuse)

When does the additional $25.00 per week for unemployment begin?

When does the COBRA subsidy of 65% begin? Where do we go to get registered for this help?

Jim

February 19, 2009, 2:42pm (report abuse)

I have put a spreadsheet together trying to account for the $787 Billion -

I can account for $389 billion by reading the bill.

Division A - is easy

The funds in Division B - Adjustments to other bills and the tax code are not outlined in the bill.

Can someone please tell me how to account for the other $397 Billion ?

It Doesn't Make Sense

February 19, 2009, 3:51pm (report abuse)

How will we ever know?

Jim

February 19, 2009, 4:03pm (report abuse)

I believe the Cobra subsidy went to 50% : (

Dick

February 23, 2009, 12:25am (report abuse)

Thank you for the service of the Filipino American Veterans of WW2 and pl 111-5 Section 1002 getting their Recognition of Service as Active Duty.

Plant

February 25, 2009, 11:39am (report abuse)

And he's buying a stairway...

The 5th angel

March 1, 2009, 4:13pm (report abuse)

The financial crisis explained in simple terms.........................

Heidi is the proprietor of a bar in Berlin. In order to increase sales,

she decides to allow her loyal customers - most of whom are unemployed alcoholics - to drink now but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

Word gets around and as a result increasing numbers of customers flood into Heidi's bar.

Taking advantage of her customers' freedom from immediate payment constraints, Heidi increases her prices for wine and beer, the most-consumed beverages. Her sales volume increases massively.

A young and dynamic customer service consultant at the local bank recognizes these customer debts as valuable future assets and increases Heidi's borrowing limit.

He sees no reason for undue concern since he has the debts of the alcoholics as collateral.

The 5th angel

March 1, 2009, 4:14pm (report abuse)

At the bank\'s corporate headquarters, expert bankers transform these customer assets into DRINKBONDS, ALKBONDS and PUKEBONDS. These securities are then traded on markets worldwide. No one really understands what these abbreviations mean and how the securities are guaranteed. Nevertheless, as their prices continuously climb, the securities become top-selling items.

One day, although the prices are still climbing, a risk manager of the bank, (subsequently of course fired due his negativity), decides that the time has come to demand payment of the debts incurred by the drinkers at Heidi\'s bar.

However they cannot pay back the debts.

Heidi cannot fulfill her loan obligations and claims bankruptcy.

DRINKBOND and ALKBOND drop in price by 95 %. PUKEBOND performs better, stabilizing in price after dropping by 80 %.

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