Title: Stimulus package heads to the Senate

" And now. Talk around the globe on. CN we are talking more about the stimulus package in today's talk around the globe and where the economy is headed the revised stimulus bill passed the house as we mentioned it is expected to pass the Senate later this afternoon. Columnist Stephen Snyder joins us now from the globe newsroom to talk a little bit more C thanks for being with us. So this revised bill combines about 281 billion dollars in tax cuts and then half a trillion. And government spending but it's certainly has its share of critics what's your take on that."

" How well it certainly didn't get any Republican support in the house earlier today and probably won't get that much in the Senate as well. I -- clearly there is a Republican point of view that it's spending too much money that's not getting enough results and that'll. High end up with a lot of legacy spending that goes on for years. There's also this issue about you know whether it's going to create bang in the economy right away. And clearly it won't that Larry Summers is out doing a lot of interviews today and I kind of camping down expectations before it even gets out of the box."

" Yeah house GOP house leader John Bonner. Has been pointing out the added debt that this bill bill creates one figure says it's about 10000 dollars per family and the United States so. A big question is does this create and a bigger long term problem for the US."

" I think we need something to get us going right now and you know we've been running up debts for a long time in the last. 81012 years so although this is bad it's not certainly. Anything that we haven't moved an unfamiliar with -- the past and it definitely right now some sort of stimulus is worth a try. And here we go up."

" They posted the bill which is some 1000 pages online I think yesterday period on the day before I haven't even had a chance to look at it yet but I was hoping. Maybe you're getting could may be shed some light on. What exactly is in this for the average US consumer."

" Well the biggest single thing is getting apparel tax deduction which it when you look that tax cut portion of this bill which is. A little bit more than a third of the total price tag. The biggest single thing is that it is this Carol tax deduction that. It will be kind of small change frankly it'll it's something that's 81012. Dollars a week that. It shows up that that wasn't there before whether that creates much of an actual stimulus -- buy things. I think that's a pretty dubious proposition. For kind of middle class taxpayers into a break on. Alternative Minimum Tax. Calculations and then there's other things that are more spending oriented -- some breaks for first time home buyers. A little bit of a break if you're interested buyer car but those are a relatively small potatoes also some business tax breaks."

" Investors have certainly been hungry for information on the stimulus as well as that financial bail out the revised financial bailout represented by Treasury Secretary Geithner earlier this week the market has really been up and down."

" Well mostly down over the weekend you know it took real -- down on Monday. And that was. Sort of looking at where the bank bailout process was going and you know frankly. The Treasury Secretary at a big event and didn't have many details of what the stock market was looking -- was more clarity of a path out of here and didn't. Here much of anything frankly and didn't like it and so kind of we -- along a little bit since the beginning of the week but. That's when you look at the stock market that's the big reaction of the week. Economic stimulus package has been kind of something off the side it to neutral -- an overall negative on the lack of progress on the bank bail -- issue."

" Boston Globe columnist Stephen sire we appreciate your time is always thank --"