yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Passing Obama’s Stimulus Bill | Obama: The Price of Hope


2m read
·Nov 11, 2024

NARRATOR: Obama needs just two Republican senators to defy their party. He turns to the veteran leader of the Senate Democrats. None of the Republicans who wanted to do something to help wanted to be the 60th vote. So I had to get 61 votes on everything. And it was very hard. The only ones I had any hope of getting—Specter from Pennsylvania, and then I had the two senators from Maine.

NARRATOR: Maine Senator Susan Collins, a Republican Reid identifies as vulnerable, is invited to the Oval Office.

SUSAN COLLINS (VOICEOVER): I was shocked when I walked in expecting to see the economic advisers, other staff taking notes, and instead, it was just the President and me. I told him I thought the package was too big. He told me that his economists were telling him that a smaller package would not do the trick and would not boost the economy sufficiently.

NARRATOR: Senator Collins agrees to meet behind closed doors with a group of 17 other senators. When senators from both parties meet outside the control of the leadership, it's called a gang. This gang of 18 came together with the primary focus of wanting to reduce the cost by at least $100 billion.

NARRATOR: Obama reluctantly agrees to the cuts because it looks as though this will buy him the votes he needs. But the Republican leadership leans hard on Republican members of the gang of 18.

SUSAN COLLINS (VOICEOVER): Although we had a number of Republicans who joined those first few meetings, gradually, the numbers diminished greatly. I didn't know if we could get this done. And I told the President that. I had to wait till his helicopter landed to give him the bad news, saying, I'm not sure I can get this done. I received this phone call from Harry Reid to come over to his office. And I really debated whether or not to go. I went into the room, and the room was already filled with Democratic leadership.

NARRATOR: Collins from Maine objects to a $16 billion program for school construction. I knew that that would create huge opposition on my side of the aisle, because we'd be redefining the federal role in education. And then the conversation kind of shifted over to health clinics. And there was a suggestion made that we could take some of those resources and put them into constructing community health clinics, even in the state of Maine. And she lit up and showed some real interest.

On this vote, the yeas are 61. The nays are 36. 3/5 of the senators duly chosen and sworn having voted in the affirmative, the motion is agreed to.

More Articles

View All
15 Strategies For Thriving When Stocks Drop
Hello, hello! Alexer, how you doing today? If you’ve been keeping a close eye on the markets and following the news, well, you might actually be worried today that your investments are at risk. Your bills will be harder to pay if inflation rises again, an…
How to Finally Defeat Procrastination and Stop Wasting Time
Let’s be honest, you’re probably procrastinating while watching this video. And because of this, I’m going to keep this as practical and concise as possible. In life, you’re often deciding whether to approach or avoid something. You’re always making a jou…
How to calculate interquartile range IQR | Data and statistics | 6th grade | Khan Academy
Let’s get some practice calculating interquartile ranges. I’ve taken some exercises from the Khan Academy exercises here, and I’m going to solve it on my scratch pad. The following data points represent the number of animal crackers in each kid’s lunchbox…
Fundraising Panel at Female Founders Conference 2016
All right, I’m excited to have all four of you here. So I’d love for you to each introduce yourselves. If you could introduce yourself and your company and what it does, what batch you went through YC, and you know how much money you’ve raised or the stag…
19-year-old dropout makes $60,000 per month online - Shopify Passive Income
Now but really quickly I want to say something to people that are watching. So okay, put this in perspective. Just think about this for a second. Nine months ago, less than a year ago, I was on my chair in my house on my computer watching this guy when he…
Inside Bill Gates’ 2021 Stock Portfolio
[Music] So Bill Gates, we all know him, we all love him. He is currently the fourth richest person in the whole world, and we know him because these days he uses his wealth to fund the Bill and Melinda Gates Foundation, which does fantastic charity work a…