President-elect Obama gave a speech at George Mason University today, telling the Governors and Mayors who attended the speech, that the Congress must quickly put the stimulus package together, and get it to his desk before the end of next month. If this does not occur, Mr. Obama said we may never recover, and the consequences are very dire, if that happens. More job losses, more people losing their savings, and their homes. During the month of December there were 653 thousand jobs lost in the United States. Just elected again, Speaker of the House Nancy Pelosi is with Mr. Obama, she stated they will get the package to the President-elect. The package has tax cuts, spending on infrastructure, tax credits, improving medical reporting systems, alternative energy source improvement, job creation and money to help the states. There will be a huge deficit increase, but this is neccessary according to most economists. The international community is looking to the United States to improve its
economy so that other countries will improve.
At this point the stimulus package, is set to cost around $775 billion dollars, some say it will rise to 1.3 trillion dollars. Yet most economists agree that there has to be massive spending in order to jolt the economy onto a better track. It still will take some time to turn the economy around. Some are predicting that during the second half of 2009, there should be signs of a turn around.
The Vice-President announced today the results of the vote from the Electoral College for the President of the United States. Senator Barack Obama received 365, and Senator John
McCain received 173. Thus Barack Obama is now elected as President of the United States.
The United Nations Security Council has drafted a resolution
calling for a immediate cease fire in Gaza. A man driving a truck with humanitarian aid was killed, trying to bring the goods into Gaza. The aid will not be brought into the region now unless Israel can guarantee the safety of the workers, according to reports.
Bernard Madoff is awaiting a judge's decision as to whether or not he will go to jail for violating his parole, by sending over a million dollars in jewelry to relatives, when he was not allowed to touch his assets pending trial.
The Illinois congressional committee, investigating the possible impeachment of Governor Blagojevich voted to send the matter to the full house for a decision and then it would go to the Senate, for a final decision to remove the Governor.
Roland Burris appeared before the group and was grilled regarding whether or not he was involved in a "pay for play" scheme that the Governor was alleged to be a part of, when tapes were revealed that he was interested in campaign funds, or a job for himself or his wife in exchange for the vacant seat of President-elect Obama. There was a descrepency between a affidavit and Mr. Burris' testimony today regarding whether or not he spoke to anyone associated with Governor Blagojevich about the seat.
Two Al Queda leaders were killed in the northern part of Pakistan. The two were on the FBI's most wanted list.
A man donated one of his kidneys to his wife, seven years ago. She cheated on him, and now they are divorcing, he would like as part of the divorce settlement, his kidney back, or l.5 million dollars.
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