President-elect Barack Obama’s massive economic stimulus bill may not move as quickly as Democratic leaders had hoped, Politico reports. Republicans began suggesting alternatives to the plan today, and House Democrats now say they likely won’t vote on the bill until the week of Jan. 19 or later. Obama’s plan calls for creating or saving 3 million jobs in two years.
On ABC’s This Week, Senate Minority Leader Mitch McConnell said that the proposed money for states should possibly be a loan rather than a grant because it would “make them spend it more wisely.” Senate Majority Whip Dick Durbin said an aggressive stimulus was needed: “To be meek in our approach may have the opposite effect. We may spend a little money and not really turn this economy around.”
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