Wednesday, January 28, 2009

Republican's criticism of stimulus bill

Republicans are questioning the overall effectiveness and price of Obama's stimulus package. As the result of House Republican insistence, a calculation was made determining the overall price of the stimulus package including interest to pay the borrowed money back. The "actual" cost of the bill would be around $1.2 trillion including the $347 billion in interest.

I was quick to criticize the Republicans for being, it seemed, close-minded, but it is important to admire their criticism of the bill from all aspects--especially since they don't feel they were able to share their input in crafting the bill. Republicans have said that they feel left out, and although they know the bill is going to pass regardless, they want answers and are unhappy about being pressured into voting on such a huge amount of money.

Both parties want what is best for the country, however, the problem lies in agreeing on the same solution.

For a look at the current economic recovery report click here.

To glance over President Obama's economic agenda click here

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