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Cape Coral Real Estate: The Winners & Losers of President Obama's Stimulus Plan

President Barack Obama's $787 billion economic stimulus plan may have passed Congress last week, but when it comes to who gets what, the fighting has only begun.

Who are the winners and losers?

Here are some perspectives from FOX News, CNN, U.S. News & World Report and the Washington Post.

Although they weren't all that happy with the stimulus package, Fox News noted that President was victorious since he "got his way with the bill."

"Let's take a look at who we think are the big winners and losers in this big stimulus fight starting with a winner: President Obama. He basically got it in the scope and form he wanted." (FOX News)

CNN said that while Obama may be a winner in some respects, his effort to reunite the Democratic and Republic parties was a failure.

"There are losers in this fight, the fight over bipartisanship, the fact that people thought this new era had come to Washington, D.C., that people were going to work together and get things done, there wasn't going to be any partisanship bickering. Well, guess what, this is Washington, D.C." (CNN)

Who comes out ahead? U.S. News & World Report, said there are "dozens of potential winners in the gargantuan package":

"...from highways to health-information technology, from nuclear power to NASA, from first-time home buyers to food-stamps recipients, from unemployed workers hitting the pavement to college students hitting the books." (U.S.News & World Report)

The losers? The Washington Post singled out executives at financial institutions.

The stimulus package sets limits on executive pay that goes further than those previously proposed by the administration

"The bonus restrictions would apply to a varying number of employees at each firm, depending on how much money the firm has taken in government assistance...Other measures in the bill include a ban on golden parachutes to departing executives." (The Washington Post)

Courtesy of Newsy.com

 



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Posted on February 16, 2009 12:00:31 by Vickie.TOWNES - View Profile
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