House GOP votes against stimulus package

[madmax]

Originally Posted by DaemonSeid

NEW YORK (CNNMoney.com) -- The House on Wednesday evening passed an $819 billion economic stimulus package Wednesday on a party-line vote, despite President Obama's efforts to achieve bipartisan support for the bill.

The final vote was 244 to 188. No Republicans voted for the bill, while 11 Democrats voted against it.



So much for bipartisanship.

If the rest of the Dems were smart enough to vote against the bill, there will be bipartisan support.

[Thetagirl218]

Originally Posted by madmax

If the rest of the Dems were smart enough to vote against the bill, there will be bipartisan support.

Exactly what I was thinking......

preciousjeni, Yes, we are screwed as most of the bills money is outlined for government programs.....oh and did I mention all the pork attached?

[PhiGam]

This is a greek message board, right? Its kind of shitty to see people on here dump on greeks.

[PeppyGPhiB]

Honestly, I pretty much ignore most of what comes out of the House because it's often completely nutty no matter who writes the bill. It's way more partisan than the Senate. Look for some changes in the Senate version.

CrackerBarrel, for the most part I agree with you.

[UGAalum94]

Originally Posted by AGDee

I could see that having a positive impact on the economy. More donations toward house funds=more home improvements for thousands of fraternity and sorority houses across the country.

Originally Posted by PhiGam

This is a greek message board, right? Its kind of shitty to see people on here dump on greeks.

PhiGam, to point out that this doesn't belong in a general financial stimulus package designed to resolve a national crisis isn't dumping on Greeks. It might be a good thing for Greeks but it doesn't belong in this bill now if there's any truth at all to the idea that this is in fact a response to a specific crisis rather than an attempt to justify any federal spending or any tax breaks people have previously wanted to see.

AGDee, it may have some effect, but there are a whole lot more pressing problems and more direct methods. The same idea that you advanced could be said for tax exempting all income spent in the construction industry, but we're not seeing that.

It's really hard for me to see why the federal government would need to incentivize spending on Greek housing, even if I personally could benefit from it (assuming I had any money to give right now which I don't.) Yes, I love Greek groups but, to me, only our specific philanthropic groups rightly belong in the charitable giving category. We just aren't principally charitable groups; we even define ourselves as private social organizations and I expect our internal spending would show it. What percentage of a chapters expenses goes toward programing and philanthropy vs. socials, recruitment, membership materials, gifts for members? If we really were private charities, we'd look terrible. ETA: I realize that there are other kinds of tax exempt groups, but I don't think we ought to go down that path for a lot of reasons.

[DaemonSeid]

Originally Posted by PhiGam

This is a greek message board, right? Its kind of shitty to see people on here dump on greeks.

Just because you are greek doens't make you special.

[PhiGam]

Originally Posted by DaemonSeid

Just because you are greek doens't make you special.

It does actually, at least while still in school.
The reason that so many republicans voted against the stimulus package is because of the insane amount of pork attached to it. I believe Limbaugh calls it the "Porkulus Package." I was just wondering if the CHIA got attached because that is something that affects me immensely.

[DaemonSeid]

Originally Posted by PhiGam

It does actually, at least while still in school.

hehe...ok....

[Thetagirl218]

Does anyone know if there was some attachment somewhere that would stop the Mint from printing more money.....Logically, you would think that would be included somewhere to help stop inflation...

[madmax]

Originally Posted by Thetagirl218

Exactly what I was thinking......

preciousjeni, Yes, we are screwed as most of the bills money is outlined for government programs.....oh and did I mention all the pork attached?

I think we are all screwed. The stimulus is not going to create the jobs and we are going to be stuck paying the bills.


I think most of the government economists are morons. Wasn't this problem created by easy credit, people spending money(mostly on homes) that they really could not afford? Now the government's solution is to pump money into the banking system so there is more credit so people start spending. What good is that going to do if the people spending still can't afford to repay the loans?

We should have bit the bullet right from the start. The stimulus is just going to prolong the inevetable.