Bush Proposes Plan for $145 Billion to Boost Economy

On Friday, President Bush asked for $145 billion dollars in the hopes of giving rebates to individuals and businesses with the hopes of, as he put it, “giving a shot to the economy.” In a sense, a shot is like a booster shot for a vaccine. You get it to ensure that the vaccine is still strong. However, in these terms, what they’re doing is hoping that with the money that people will get, they’ll go out and use it. They’ll buy retail goods and the hopes are, with the entire nation spending their money, it might give the economy a boost while they try and figure out something that is a bit more permanent. Regardless of what they do, though, something needed to be done because the economy, as can be seen from the constant drops in the stock market, has been spiraling towards recession every day. Read more

Debate in White House on Economic Fix

There are debates going on right now in the White House over how strong the President should push Congress in making President Bush’s tax cuts permanent. It’s an issue that is a priority to the President; however, Democrats feel that a permanent tax cut could destroy the plan before it is even released. And the big issue right now is that there are hopes that this will be a bipartisan plan that could benefit the economy greatly; but, both sides need to really work together to get it to work. It’s a Republican administration and a Democratic congress, so they need to both agree. And that’s where the debate in the White House comes in. Read more

House Passes a Revised Military Policy Measure After Previously Vetoed

After being vetoed by President Bush, a $696 billion military policy measure was approved in the House of Representatives with a sweeping 369 to 46. Originally, President Bush had supported the original bill; however, after there had been some disagreements from the Iraqi government, Bush vetoed it on one condition: he wanted part of the bill to be changed. The original bill had stated that Americans who had been affected by state-sponsored terrorism under Saddam Hussein could seize foreign assets in America by suing. The Iraqis said that they would withdraw $25 billion from American banks if this one part of the bill was not fixed. President Bush agreed with the Iraqis and told Senator Lautenberg, the author of the bill, that it needed to be changed. Read more

Bush and Congress Looking for Bipartisanship Against Economic Problems

With the fear of a recession increasing, with the candidates talking about it, those in Senate and President Bush both are beginning to feel the pressure of the potential recession. So, with the hopes of trying to fix these economic problems, Senators and Bush alike are trying to put together a plan that might work. Only, this time, they are willing to work together on it rather than against each other. Rather than a partisan plan, both the Republicans and the Democrats are looking to work together to create a bipartisan plan that might take some plans from both sides to really make a great system. Read more

Congressman Accused of Corruption is Retiring

Representative John T. Doolittle, a Republican from California, has announced that he will not be seeking reelection in November. After serving for nine terms, the man has decided that he does not want to keep going. Read more