Big news in U.S. politics:
Senate passes Obama's economic recovery plan
Three Republicans crossed party lines to boost support for the bill to 61 votes, just over the 60 required for passage.
I don't normally like to bring my personal opinions to the table immediately when introducing a topic, but this bill makes me retch. I'll go so far as to say that if Bush made one horrible, utterly catastrophic mistake in his presidency, it was starting this trend of "stimulus" bills. He can't even blame bad intelligence for this one - aside from his own, of course.
I don't see this having any effect other than draining the government's resources (and later, by extension, our wallets) and providing a stopgap that'll maybe last a month. It's astonishing how fast idiots can waste hundreds of billions of dollars when they put their minds to it. If I remember correctly, over $100 billion from the original bailout simply vanished without a trace....
This won't end well. You can hold me to that prediction.