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.

"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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