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American Recovery and Reinvestment Act of 2009: Difference between revisions
American Recovery and Reinvestment Act of 2009 (view source)
Revision as of 22:15, 14 March 2025
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The Senate called a special Saturday debate session for February 7 at the urging of President Obama. The Senate voted, 61–36 (with 2 not voting) on February 9 to end debate on the bill and advance it to the Senate floor to vote on the bill itself.<ref>{{USSRollCall|111|1|59}}</ref> On February 10, the Senate voted 61–37 (with one not voting)<ref>Senator [[Judd Gregg]] (R) did not vote because, at the time, he was a nominee of the Democratic president to become [[United States Secretary of Commerce|Secretary of Commerce]]. Gregg also did not participate in the cloture vote.</ref> | The Senate called a special Saturday debate session for February 7 at the urging of President Obama. The Senate voted, 61–36 (with 2 not voting) on February 9 to end debate on the bill and advance it to the Senate floor to vote on the bill itself.<ref>{{USSRollCall|111|1|59}}</ref> On February 10, the Senate voted 61–37 (with one not voting)<ref>Senator [[Judd Gregg]] (R) did not vote because, at the time, he was a nominee of the Democratic president to become [[United States Secretary of Commerce|Secretary of Commerce]]. Gregg also did not participate in the cloture vote.</ref> | ||
All the Democrats voted in favor, but only three Republicans voted in favor ([[Susan Collins]], [[Olympia Snowe]], and [[Arlen Specter]]).<ref>{{USSRollCall|111|1|60}}</ref> Specter [[party switching in the United States|switched]] to the Democratic Party later in the year. At one point, the Senate bill stood at $838 billion.<ref name="AJC Stimulus survives">{{cite news|author=David Espo |agency= | All the Democrats voted in favor, but only three Republicans voted in favor ([[Susan Collins]], [[Olympia Snowe]], and [[Arlen Specter]]).<ref>{{USSRollCall|111|1|60}}</ref> Specter [[party switching in the United States|switched]] to the Democratic Party later in the year. At one point, the Senate bill stood at $838 billion.<ref name="AJC Stimulus survives">{{cite news|author=David Espo |agency=Associated Press |newspaper=[[Atlanta Journal-Constitution]] |url=http://www.ajc.com/services/content/printedition/2009/02/10/stimulus0210.html |title=Stimulus bill survives Senate test |url-status=dead |archive-url=https://web.archive.org/web/20090211230856/http://www.ajc.com/services/content/printedition/2009/02/10/stimulus0210.html |archive-date=February 11, 2009 }}</ref> | ||
=== Comparison of the House, Senate and Conference versions === | === Comparison of the House, Senate and Conference versions === | ||
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<blockquote>[T]he revised data ... showed that the economy was plunging even more rapidly than we had previously recognised in the two quarters following the collapse of [[Lehman Brothers|Lehman]]. Yet, the plunge stopped in the second quarter of 2009 – just as the stimulus came on line. This was followed by respectable growth over the next four quarters. Growth then weakened again as the impact of the stimulus began to fade at the end of 2010 and the start of this year. | <blockquote>[T]he revised data ... showed that the economy was plunging even more rapidly than we had previously recognised in the two quarters following the collapse of [[Lehman Brothers|Lehman]]. Yet, the plunge stopped in the second quarter of 2009 – just as the stimulus came on line. This was followed by respectable growth over the next four quarters. Growth then weakened again as the impact of the stimulus began to fade at the end of 2010 and the start of this year. | ||
In other words, the growth pattern shown by the revised data sure makes it appear that the stimulus worked. The main problem would seem to be that the stimulus was not big enough and it wasn't left in place long enough to lift the economy to anywhere near potential output.<ref>{{Citation| last = Baker| first = Dean| author-link = Dean Baker| title = US debt deal: how Washington lost the plot| newspaper = | In other words, the growth pattern shown by the revised data sure makes it appear that the stimulus worked. The main problem would seem to be that the stimulus was not big enough and it wasn't left in place long enough to lift the economy to anywhere near potential output.<ref>{{Citation| last = Baker| first = Dean| author-link = Dean Baker| title = US debt deal: how Washington lost the plot| newspaper = The Guardian | date = August 1, 2011| url = https://www.theguardian.com/commentisfree/cifamerica/2011/aug/01/us-debt-deal-washington-unemployment | access-date =August 3, 2011 | location=London}}</ref></blockquote> | ||
The [[Democratic Congressional Campaign Committee]] (DCCC) established a "Hypocrisy Hall of Fame" to list Republican Representatives who had voted against ARRA but who then sought or took credit for ARRA programs in their districts. As of September 2011, the DCCC was listing 128 House Republicans in this category.<ref>{{cite web| title = Hypocrisy Alert: 128 House Republicans Take Credit for the Economic Bills They Opposed| publisher = [[Democratic Congressional Campaign Committee]]| url = http://www.dccc.org/page/content/hhof| access-date = September 10, 2011| archive-url = https://web.archive.org/web/20110909000218/http://www.dccc.org/page/content/hhof/| archive-date = September 9, 2011| url-status = dead| df = mdy-all}}</ref> ''[[Newsweek]]'' reported that many of the Republican legislators who publicly argued that the stimulus would not create jobs were writing letters seeking stimulus programs for their districts on the grounds that the spending would create jobs.<ref>{{Citation| last = Stone | first = Daniel | title = The Tea Party Pork Binge| newspaper = [[The Daily Beast]] | date = October 30, 2011 | url = http://www.thedailybeast.com/newsweek/2011/10/30/conseratives-brought-nation-to-default-ask-for-govt-handouts.html| access-date =November 10, 2011}}</ref> | The [[Democratic Congressional Campaign Committee]] (DCCC) established a "Hypocrisy Hall of Fame" to list Republican Representatives who had voted against ARRA but who then sought or took credit for ARRA programs in their districts. As of September 2011, the DCCC was listing 128 House Republicans in this category.<ref>{{cite web| title = Hypocrisy Alert: 128 House Republicans Take Credit for the Economic Bills They Opposed| publisher = [[Democratic Congressional Campaign Committee]]| url = http://www.dccc.org/page/content/hhof| access-date = September 10, 2011| archive-url = https://web.archive.org/web/20110909000218/http://www.dccc.org/page/content/hhof/| archive-date = September 9, 2011| url-status = dead| df = mdy-all}}</ref> ''[[Newsweek]]'' reported that many of the Republican legislators who publicly argued that the stimulus would not create jobs were writing letters seeking stimulus programs for their districts on the grounds that the spending would create jobs.<ref>{{Citation| last = Stone | first = Daniel | title = The Tea Party Pork Binge| newspaper = [[The Daily Beast]] | date = October 30, 2011 | url = http://www.thedailybeast.com/newsweek/2011/10/30/conseratives-brought-nation-to-default-ask-for-govt-handouts.html| access-date =November 10, 2011}}</ref> | ||