2009年1月13日星期二

Economic stimulus plan

Compared to the uncomfortable seesaw battle in the Republican-minority Congress while debating on Bush's financial rescue plan last year, Obama's stimulus plan is more likely to enjoy an easy pass at the Congress.
As the financial crisis has spread to the real economy, a deteriorating situation is foreseeable. The congressmen and the public have realized the necessity and urgency of taking immediate and effective measures to tackle the crisis.
After several government actions including lowering interest rates and injecting fund to financial institutions failed to achieve desirable results, various parties have focused their hopeful eyes on Obama's plan to save the economy.
The joint control of Democrats in both the Senate and the House of Representatives may also help the let-go of Obama's plan. It was reported that House Speaker Nancy Pelosi promised to urge the Congress to enact Obama's stimulus before his inauguration on Jan.20.

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