Last month, President Obama went before Congress with a $447 billion jobs proposal that included tax cuts and new government spending, all designed to revive an economy that is still festering in a recessionary lull.
While there was some initial conciliatory language from the opposition party — Speaker John A. Boehner said in a statement that “The proposals the president outlined tonight merit consideration” — as one would expect from a town where agreeing is equivalent to sacrilege, the proposal was struck down in the Senate. The bill got 50 votes, well short of the necessary 60 to pass. There were two dissenting Democrats, Ben Nelson of Nebraska and Jon Tester of Montana.
Some economists estimate the bill could create between 1.3 million to 1.9 million jobs in 2012. But it appears all for naught, since it included tax increases on the wealthy, which seemed to get Republicans riled up the most.