Topic: Senate blocks $60 billion infrastructure plan | |
---|---|
The Senate shot down another piece of President Obama’s $447 billion jobs bill Thursday, as a stalemated Congress goes through the motions of attempting legislation to spur economic growth largely as a mechanism to allow each party to blame the other for the failure to act.
The chamber failed to advance a measure to spend $50 billion on highway, rail, transit andairport improvements and another $10 billion as seed money for an infrastructure bank designed to spark privateinvestment in construction. The vote was 51 to 49 in favor, butthe measure needed 60 votes to proceed to a full debate. The failure came in advance of a jobs report due out Friday morning that will show the trajectory of the job market in the final quarter of the year. So far, there are signs that employers are shrugging off the ill effects of Europe’s troubles and volatile financial marketsand are continuing to hire at a gradual pace. The September unemployment report relieved concerns about massive waves of layoffs, and last week the Commerce Department said the economy grew at a 2.5 percent annual rate in the summer months, its fastest clip in a year. |
|
|
|
The Senate had already blocked another elementof the plan that would have provided $35 billionin aid to states to hire teachers and first responders. Democrats have indicated they will ask the Senate to vote onother pieces of the plan, including extending a payroll tax holiday for workers and benefits for the unemployed, and offering new tax incentives to businesses to hire veterans and the long-term unemployed.
Also Thursday, Democratsjoined to block a separate Republican proposal to extend the government’s highway spending authority for the next two years and roll back some environmental regulations. |
|
|
|
Edited by
smart2009
on
Fri 11/04/11 03:27 AM
|
|
Obama Team: GOP PlanWill Devastate Middle Class.
Obama campaign is honing its election narrative based on a clear class divide: by warning the Republican’seconomic plan would devastate the middle class while lining the pockets of the rich. |
|
|
|
Since you don't make any points, you just post out of context pieces of news articles, it is hard to tell what the purpose of your posts mean to you.
The DEMOCRATIC Senate voted a jobs bill down? Obama is using these votes to bash the Republicans? We aren't getting a needed jobs bill? The government isn't wasting more stimulus money? In order to set up a debate, the topic is defined or the subject is put in context. News, just for news sake, is usually quoted in context and the purpose of posting is given. |
|
|