AEPR II Passed
March 16th, 2010
Majorty leader Cantor praised the passing of AEPR II.
After months of speculation, debate, and schisms in both major political parties on the hill, the American Economic Plan for Recover II passed in the House of Representatives with around 62% support in the House. Dennis Kuscinich led the Democratic party members against the bill, and Michelle Bachmann led Congressional Republicans against the passing of the bill as well, but failed to get enough votes to actually prevent the passing of the bill. So far, bipartisanship in the House has been shakey at best, but the passing of AEPR II will allow for a much more speedy economic recovery.
At the news of the passing of the bill, stocks increased by 3.5%, the largest gain since January, and it is expected that the bill will pass in the Senate in two days with 84 votes supporting it and 10 against, with 6 yet to be decided. So far, Congress' approval rating are at a record high in recent years at 31%, but President Giuliani's approval continues to return to pre-shooting numbers, decreasing to 69% last week.
March 16th, 2010
Majorty leader Cantor praised the passing of AEPR II.
After months of speculation, debate, and schisms in both major political parties on the hill, the American Economic Plan for Recover II passed in the House of Representatives with around 62% support in the House. Dennis Kuscinich led the Democratic party members against the bill, and Michelle Bachmann led Congressional Republicans against the passing of the bill as well, but failed to get enough votes to actually prevent the passing of the bill. So far, bipartisanship in the House has been shakey at best, but the passing of AEPR II will allow for a much more speedy economic recovery.
At the news of the passing of the bill, stocks increased by 3.5%, the largest gain since January, and it is expected that the bill will pass in the Senate in two days with 84 votes supporting it and 10 against, with 6 yet to be decided. So far, Congress' approval rating are at a record high in recent years at 31%, but President Giuliani's approval continues to return to pre-shooting numbers, decreasing to 69% last week.