What You Need to Know: 02.17.09

Obama poised to sign stimulus into law
“President Barack Obama is ready to sign into law the most sweeping economic package in decades, a rescue plan meant to reinvigorate job creation, consumer spending and public optimism. Add the bill to an ever-growing deficit.

Capping the biggest victory of his month-old administration, Obama will sign the economic legislation Tuesday in Denver.”

Calif. budget stalemate sets up fiscal calamity
“After a frustrating holiday weekend that failed to yield the one vote needed to end California’s budget stalemate, the state is poised to begin layoff proceedings Tuesday for 20,000 government workers.

In addition to the layoffs, the state also plans to halt all remaining public works projects, potentially putting thousands of construction workers out of jobs.”

GM, Chrysler Finalize Plans To Restructure
“General Motors and Chrysler raced to save their place in the American auto industry yesterday, putting the final touches on plans to curb production, cut jobs and pare brands in hopes of securing billions of dollars in additional federal aid.

The plans they are scheduled to submit today to the Obama administration call for a broad restructuring of their operations at a time the industry is suffering one of its steepest declines in decades. But as detailed as the plans are, they are more of a starting point than an end.”

Obama Gains Support From G.O.P. Governors
“President Obama must wish governors could vote in Congress: While just three of the 219 Republican lawmakers backed the $787 billion economic recovery plan that he is signing into law on Tuesday, that trifling total would have been several times greater if support among the 22 Republican state executives counted.

The contrast reflects the two faces of the Republican Party these days.”

Clinton warns North Korea on missile launch
“Secretary of State Hillary Rodham Clinton on Tuesday warned North Korea against following through on a threatened missile launch, saying it would damage its prospects for improved relations with the United States and the world.

In Tokyo on her first trip abroad as America’s top diplomat, Clinton also stressed U.S. commitment to Japan’s security, signed a military deal to advance that and underscored the importance of the alliance by inviting Japanese Prime Minister Taro Aso to Washington next week.”

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Rock the Vote Bio: Rock the Vote was founded in 1990 to organize artists and fight against censorship of musicians. Since then we've evolved to focus on empowering young people to get involved in the political process. We use pop culture, peer-to-peer organizing, and the latest technology to raise visibility of politics and demystify the process of registering to vote. @rockthevote Email the author at: blog(at)rockthevote.com

This entry was posted on Tuesday, February 17th, 2009 at 11:41 am and is filed under what you need to know. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.