Thursday, October 13, 2011

Obama's 'Jobs Bill' Defeated in The Senate

It never really had a chance, nor do I think Obama thought that it did. The bill was a strategic move in his election attempts. Beyond the 'shocking' nature of Reid (D) going nuclear in the Senate, this also makes it completely pointless.

http://www.reuters.com/article/2011/10/11/us-usa-jobs-idUSTRE79A4D220111011

"The Senate defeated President Barack Obama's job-creation package on Tuesday in a sign that Washington is likely too paralyzed to take major steps to spur hiring before the 2012 elections.

The $447 billion package of tax cuts and new spending failed by a vote of 50 to 48, short of the 60 votes it needed to advance in the 100-member Senate. Voting was expected to continue for several hours but would not affect the outcome.
...
Two Democrats, facing re-election in conservative states, also voted against the measure.

Obama said earlier on Tuesday he would try to pass components of the bill individually.
"

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