Tuesday, February 17, 2009

Obama administration timeline: February 2009

February 10, 2009:
Senate passes $838 billion stimulus package. Bill goes to conference committee.
Obama's Economic Team unveils TARP II, allocating $100 billion for a bad asset bank, $200 billion for direct bank bailouts, and $50 billion for kaishakunin to facilitate upper management restructuring.
February 13:
180,000 jobs lost for week.
February 16:
Conference Committee reports $950 billion stimulus package. Provisions include $200 billion for tax cuts, $300 billion for infrastructure rebuilding, $50 billion for Congressional Republican anal reaming, and $400 billion for "God knows what."
February 17:
Obama declares opposition to stimulus package to be anti-intellectual.
February 18:
Visibly sore Senators Snowe, Spector, and Collins officially switch parties.
Stimulus bill passes Congress.
February 19:
Obama signs stimulus package and declares victory over recession.
February 20:
200,000 jobs lost for week.
February 23:
Economic team declares need for $250 billion to handle housing crisis.
February 27:
270,000 jobs lost for week.

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