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article imageMcConnell: Obama's Stimulus Bill Unlikely To Pass Senate Floor

By Can Tran     Feb 1, 2009 in Politics
So far, it may seem that US President Barack Obama’s economic stimulus package could possibly get shot down on the US Senate floor according to the GOP Senate leader.
So far there are tensions between Democrats and Republicans in the United States Congress. At the same time, there are tensions between Congressional Republicans and the GOP Governors. This is all in regards to the economic stimulus package proposed by United States President Barack Obama.
It was only a few days ago that Obama got a bittersweet victory. The stimulus bill passed through the US House of Representatives. Unfortunately, there were no GOP votes on board. Now, it is going through the Senate floor.
According to Senator Mitch McConnell of Kentucky, the GOP Senate Leader, it is unlikely that this stimulus bill will pass through the US Senate. McConnell said that it could be shot down if the unnecessary spending is done away with. He adds that the stimulus needs to focus more on both housing issues and the tax cuts. Also, he adds that it does not give enough cash to the private sector.
He suggests that Obama may have to shake up both House and Senate Democrats.
So far there has been plenty of criticism towards the stimulus bill. CEOs and legislators also went at it in regards to the stimulus package. One of the provisions of the package is “Buy American.”
Fred Smith, the CEO of FedEX explains that this provision would require companies to buy only US steel and iron. He says that in turn will hurt global trade. Smith said that the growth of global trade
If the Congress passes this buy-American provision, I can assure you – and we operate in 220-same-odd countries around the world and are a huge part of the import-export infrastructure of the United States – we will get retaliation, and it will be American jobs at risk,” Smith explains.
House Representative Barney Frank of Massachusetts, a Democrat, agrees with Smith. He says a better safety need would be needed.
So far, there are strong criticisms about Obama’s stimulus bill. So far, there are those pushing for the stimulus to be pushed. GOP Governors have urged their colleagues in the US Congress to support the bill. Most of the GOP governors have urged Congress to pass the bill.
Eric Schmidt, the CEO of Google also urged Congress to pass the stimulus bill.
The business community needs action now,” Schmidt said.
Still, it is ultimately up to the US Congress. While it passed through the US House, the US Senate is a different matter. It is a different ballgame. Ultimately, it will be up to the US Senate now.
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