Submitted by Yi-Wyn Yen01.28.2009
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This prediction is closed and has been judged.
Judgment made on Feb. 16, 2009: President Obama's stimulus bill was passed on Feb. 13. The community has overwhelming judged this prediction correctly. -- The Industry Standard
Original prediction: President Barack Obama is pushing Congress to vote on a $825 billion economic stimulus package that would create more than 4 million new jobs and provide $275 billion in tax cuts. The House is expected to pass the bill on Jan. 28 while the Senate will vote on a separate version of the stimulus bill the following week. If the House and Senate pass different versions of the bill, both chambers must approve a new conferenced bill.
Obama, who met with Fortune 500 business leaders including IBM, Google, and Xerox on Jan. 28, said "we don't have a moment to spare" in passing the bill. Democratic leaders are pushing for the stimulus bill to get in front of Obama to sign before the Presidents Day recess. That gives Obama a little more than two weeks to get the stimulus package signed off.
Prediction: Despite vocal Republican opposition, Obama's stimulus package will get fast tracked by Feb. 16, Presidents Day, from both the House and Senate.
Price History
Prediction Statistics
| Betting Closes: | Feb 13 2009 | Current Consensus: | 97.81% | Total Bets: | 91 |
| Today's Change: | 0% | ||||
| Life Time High: | 97.81% | ||||
| Life Time Low: | 35.43% |
Comments
One down, one to go. House of Representative has just approved the stimulus 244 to 188.
wonder if he'll get any GOPers to fall in line in the senate.
According to this, passage of the bill appears likely later next week. Suffice to say, the revised Senate version will easily pass the House (with or without GOP support).
so how does this work? does the bill go through the HOR first, to the senate and then if there are revisions, it goes back to the house?
Yes. The Senate will vote on its version. Then both chambers will negotiate a final version, then it'll get voted on one more time before it gets sent to the White House.
Where is the money from this stimulus going? I have been laid off three different times since September, and I want to see some of this money, since I'm one of the people that actually need it. Not like those whiny fat cats in the banks that already have hundreds of millions.
Latest... stimulus package is now at $900B+ and Senate Majority Leader Reid claims to have 60 votes.
Asked if he had 60 votes already to ensure Senate passage, Reid said. “We believe we do.”
“Now would I like more votes? Of course I would,” Reid said. “But our No. 1 goal is to pass this bill.
Looks like the stimulus package will be passed as early as tomorrow or early next week.
Bipartisan consensus reached. Should have sufficient support to garner 60 votes today at the Senate.
The bill will get passed after all the political posturing. It has too, what other solutions are there. As obama has said time is of the essence because further delays multiply the problem and add to the costs.
Senate reached deal with a package at $780B. An easy passage in the House of Representative would follow early next week.
Senate passed stimulus package (61-37).
@Andy, I think you're right. I don't know what other alternative we have. But did you see the Dow just tank today on news that the bailout is a disappointment?
This is crazy...this bill has passed and isn't going to do a thing for the american people. Obama has people that owe money to the Federal Goverment in his cabinet and wants us to pay about $209,000 per person on this package. WHAT IS HE THINKING? ARE THE AMERICAN PEOPLE SO NAIVE THAT THE WOOL IS BEING PULLED OVER THEIR EYES? I filed my taxes and can't get my refund and no answers ask to why? Is this the CHANGE
This is crazy..Obama has people in his cabinet that owes the Federal Goverment, yet hasn't paid (wonder if I could just say "I'm Sorry"). Yet he wants this package to pass which is loaded with pork (I don't give a rats behind about a water park) and cost the American People about $209,000 per person.
WHAT IS HE THINKING? ARE THE AMERICAN PEOPLE SO NAIVE THAT THE WOOL CAN BE PULLED OVER THEIR EYES SO EASILY? I filed my taxes and can't even get my refund back. IS THIS THE CHANGE WE SHOULD EXPECT? What's next? Every American Citizen should be allowed to vote on these issues, just like we do for president!!!
Senate and House reached a concession deal ($789B). Also reported by Bloomberg
@ALLY,
Each and every American citizen does have an opportunity "to vote on these issues..." We do it by electing Congressional representatives who become our voice on a multitude of issues (the Stimulus bill being just one of many). That is the American way: Democracy; democratic government.
With regard to your tax refund problem and you attributing it as somehow being President Obama's fault, well, you lost me there. Your line of reasoning seems nonsensical. Are you due a refund? Do you owe back taxes? Are you angry because you had to pay taxes and feel that you should instead be getting a refund? Did your refund check get lost in the mail? And, how would your answer to any of the preceding questions somehow = Obama being at fault?
WASHINGTON, Feb 12 (Reuters) - The U.S. Senate will try to debate the $789 billion economic stimulus bill on Thursday, as Democrats push to get the legislation to President Barack Obama within the next few days, Senate Assistant Majority Leader Richard Durbin said.
"It is our intention to try to bring it up for consideration today," Durbin said. Durbin did not say whether the Senate would vote on passage the same day.
Top aides in the House of Representatives said that chamber would likely debate and vote on the bill on Friday.
@Edward, well analyzed and well said! BTW, congrats on making it to Top 10!
@Ally, are you also 100% sure that the filing was accurate. Perhaps, IRS may have found certain deductions invalid or income not reported. If you e-filed, you could may have been flagged for in-depth analysis which may lead to an audit. I do hope you get your refunds soon though.
Unfortunately, the structure of the government is built that way where the Executive branch has executive rights and the Legislative branch has the legislative rights. Having two Congress (Senate and House) offers yet another level of bureaucracy that is well-intention but presents a situation where certain level of pork is unavoidable in order to accommodate passage. Until line item veto becomes executable, it is almost impossible to remove ALL pork! No matter how well intention an elected public official is, there is always a partial position to his/her constituents which to others would be considered as pork.
yes, let the senate go ahead and sign the bill for the beterment of AMERICA, foget where the money is coming from or where is going to because i belive AMERICA got the money so let the dreams of the people of the state come through, i support the singing 0f the bill, am a NIGERIA based in SOUTH AFRICA once a visitor in AMERICA.
Stimulus bill is on track for a Friday vote in the House, and the Senate could vote on the bill later in the day or over the weekend.
Based on how the stimulus package is being handled, it appears that congressional republicans are geared to playing partisan politics. Unfortunately, opposing the president solely on partisan basis will hurt the people. I pray that congressional republicans will set aside politics as usual, and cooperatively work with democrats and the president to find solutions that will help the United States of America. The issues at hand are too dire for partisan politics.
>>House passed H.R. 1 by a vote of 246-183.
>>Senate currently voting on final passage with 59 “Aye” votes of 60 needed for the Bill to pass.
>>Later tonight, Sen. Brown (D-OH) will cast the expected vote to move the Bill to the President.
Source: C-SPAN
US Congess passes huge economic stimulus bill
The U.S. House of Representatives and Senate have both passed the final version of a huge economic stimulus package...
The Industry Standard, Feb. 13, 2009
Are the American people going to receive a stimulus check like the one that was given from the former president?? Does anyone know the answer to that?
Not that you don't have enough reasons to be angry of the current economic situation, but the cost will be app. $2,900 per person. NO need to add heat to a raging fire.
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