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Politics : President Barack Obama

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To: koan who wrote (45621)11/23/2008 12:41:59 PM
From: ChinuSFO  Read Replies (3) of 149317
 
Wonder why these same Democrats agreed to hand out money to the American people during the earlier stimulus package.
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Congress Will Send Obama Stimulus Bill First Day, Democrats Say
By Daniel Whitten

Nov. 23 (Bloomberg) -- Congress will send President-elect Barack Obama an economic stimulus package the day he takes office Jan. 20, two Democratic lawmakers said today.

Senator Charles Schumer of New York told ABC “This Week” today the package will be between $500 billion and $700 billion. House Majority Leader Steny Hoyer, of Maryland, said on “Fox News Sunday” that he believed the Inauguration Day goal would be met, but he declined to put a price tag on it.

“I think Congress will work with the president elect starting now and will have a major stimulus package on his desk by Inauguration day,” Schumer said. “I think it has to be deep. My view it has to be between 5 and $700 billion.”

President-elect Obama said yesterday he aims to save or create 2.5 million jobs in a two-year plan to stimulate an economy facing a “crisis of historic proportions.”

bloomberg.com
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