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http://personalmoneystore.com/moneyblog/2009/01/28/report-by-payday-loan-lender-gop-wont-budge-on-stimulus-package/ Republicans stick to their guns
Republican Senator Susan Collins

Republican Senator Susan Collins

Your payday loan lender offers you updates on the economic stimulus package.

Yesterday Obama met with the entire Republican Conference to hear their ideas regarding the economic stimulus package. It was a rare move for any president, let alone a Democratic one. It signaled a change in tone between the White House and Congress as Obama vowed to hear and consider the input of the opposition.

Nevertheless, Republicans are heavily criticizing the plan, saying it was drafted with little input from them. They also are saying that a majority of the House Republicans will vote against the bill today.

I am not sure if we have yet achieved the right balance, said Republican Senator Susan Collins, from Maine.

Wheres the beef?

Of course, at the top of the list of Republican grievances is that the plan needs to contain more tax cuts. On top of that, three amendments that Energy and Commerce leaders accepted didnt get added to the bill. One of those amendments prohibited people who make more than $1 million a year from qualifying for COBRA.

Makes sense to me. COBRA is for people who cant afford to pay for medical coverage, just as a payday loan is only meant for times when borrowers dont have savings. To read more on this article please visit http://personalmoneystore.com/moneyblog/2009/01/28/report-by-payday-loan-lender-gop-wont-budge-on-stimulus-package/

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