Congressional Dems are worried they won't be able to rush through Obama's massive spending stimulus plan as fast as they would like (via the WSJ):
Democratic leaders are increasingly concerned that they won't be able to offer an economic stimulus package for congressional debate until late January because they haven't received a plan from President-elect Barack Obama's transition team. Democrats initially had hoped to unveil details of the economic recovery package this week and to pass it by Inauguration Day, Jan. 20, so it would be ready for Mr. Obama's signature soon after his swearing-in. Estimates are that the plan will call for spending as much as $850 billion over two years. "The weak economy demands quick action, and that is our intention," House Majority Leader Steny Hoyer (D., Md.) said in an interview Tuesday. "But significant work remains to be done. We need to do this right and make wise investments, plus members and the public need time to review it. So the timing very well may slip."
Me: Let me again remind America that it took eight months to pass and sign the Reagan tax cuts in 1981, another time of economic crisis.
Start the discussion! Be the first to comment on this story.