Obama's big victory comes at a cost - Reuters

WASHINGTON (Reuters) - President Barack Obama's crucial victory in getting a $787 billion economic stimulus plan through Congress was achieved quickly, but his hopes of gaining a bipartisan consensus died an early death.

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If it has the desired effect of creating or saving up to 4 million jobs and kick-starting the economy, the package will be judged a smart move akin to President Bill Clinton's economic plan that was hotly debated back in 1993. Clinton's decision to raise taxes to balance the budget was seen as the foundation of the U.S. economic boom of the 1990s. If it does not, opposition Republicans will be able to argue that Obama should give more consideration to their ideas, which focused on tax cuts. A lack of an economic rebound will provide fodder they'll use against the Democrats in the 2010 mid-term elections.

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