Friday is the day that will tell whether the struggle for the passing of Obama’s Stimulus Package was worth the effort. The voting for the final version of the bill will take place late Friday.
Originally the voting for the plan was to be held on Thursday, but due to some Democrats’ displeasure at some of the spending cuts, they wanted to review the compromises’ wording more.
The Democrats do not believe that the spending portion of the plan is enough to fix the economic crisis in America. Despite those beliefs, it is also much too late and unlikely to restructure the bill.
On the other hand, Speaker of the House Nancy Pelosi believes the plan will do wonders for the United States and all of its citizens. She has called the plan, “transformational”.
Pelosi stated that every aspect of the plan has been carefully explored and made in the best interest of fixing the economic issues.
There was a high concentration on education in the negotiations for the compromise of the bill.
Members of Congress are not all on the same page when it comes to their opinions of the plan. Many believe it will work smoothly and create the projected 3.5 million jobs, while some think it will simply slow down the recession.
The stimulus package is expected to be on President Obama’s desk, ready for his signature come Monday.
President Obama, the Senate, and the House of Representatives have worked vigorously on the Economic Stimulus Plan and as this week comes to a close, we will find out what lies ahead for the United States of America and our economic situation.