Sources: Tentative deal reached for $780 billion stimulus package

Sources: Tentative deal reached for $780 billion stimulus package

www.cnn.com

WASHINGTON (CNN) -- Democratic and Republican senators have reached a tentative agreement for a $780 billion stimulus package, according to two Democratic sources and a GOP negotiator.

Senate Majority Leader Harry Reid has taken the list of cuts to the nearly $900 billion Senate bill to fellow Democrats, the sources said.

The Senate plans to reconvene at 6:30 p.m.

The news came after a key Republican senator dropped out of negotiations for the economic recovery bill Friday.

Ohio Republican Sen. George Voinovich concluded that his "philosophical" differences with the approach of Republican negotiators was too great, a Voinovich aide said. The senator said he could no longer support efforts at compromise or the final bill, the aide said.

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Well, looks like Obama is going to get his way and the rich are about to get another payday at the expense of the American tax payers.

My question is this.

How long of a upswing do people expect to see in the markets do to this, and how long before people realise that this bailout will do as little as the last?

www.cnn.com
(visit the link for the full news article)

yeah??

this is good news????

we will all see....

Yeah and another question is this.

When/if this stimulus packages fails to save the American economy what will Obama do next? Ask for more money and rape the tax payers more or will this put the final nail in the coffin so to speak?

I find it ammusing that for the second time in a row now the American government is going to ignore the will of the people and pass this sham of a bill.

Polls show support for stimulus has slipped

reply to post by Trayen11


They were just talking about this on the news.

Unemployment will continue to climb for another 6 to 8 months before the "stimulus" kicks in. Then they mentioned that it probably will only slow down the unemployment rate in 2010.

The markets should gain for a little while because investors will be looking to gain with the influx of cash into the system.

The stimulus isn't going to work. All it is going to do is give companies a job to do. Once the projects are complete the people are back in the same position they are now.

I'm thinking that Obama will be back asking for another huge sum of money once most of this one is gone.

I think we are screwed, there isn't anything that we can do except bend over and take it.

Wow they are wasting no time getting this stupid bill through

Sources: Senators reach deal on stimulus, will vote Friday

YAAAAYYYY!!! More debt for us, our children and grandchildren to be forever enslaved to!

Put on your shackles and get back to work peons, the elite need more money for their jets and spa treatments!

reply to post by DimensionalDetective

YAAAAYYYY!!! More debt for us, our children and grandchildren to be forever enslaved to!

Yep...thanks government! You know what is best for us and our children/grandchildren!

Damn thieves!!!