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
Sold My Tesla Stock
What’s a Pilon? It’s Musk here. So, I don’t usually make these kinds of videos, but given the recent and unprecedented price surge of Tesla stock over these last few days, I felt like this would be worth addressing. We could talk about exactly what’s goin…
THE FED JUST CRASHED THE MARKET | Major Changes Explained
What’s up guys, it’s Graham here. So, it’s confirmed, as of a few hours ago, the Federal Reserve just raised their benchmark interest rates by another 75 basis points. This means we are now sitting at the highest interest rates that we’ve seen since 2007,…
Money Can Buy You Happiness. Here’s Why.
What’s up you guys? It’s Graham here. So let’s attempt to answer the age-old question: Can money actually buy you happiness? After all, it’s often touted as the simplest solution to every problem life throws your way. From the dead-end job that you hate,…
How To Sell a $25,000,000 Private Jet
Okay, uh, which 550 are you calling about? What would you like to know about it? The asking price is right on this one: 27.5 on that airplane. 27.5, negotiable, right? What isn’t right? [Laughter] What’s the status on the, your client? What is your clien…
How I got banned from sports betting... - Arbitrage Betting Explained
I know you’re thinking that thumbnail was clickbait, but it’s not. It’s definitely true! Today, guys, I’m going to go through exactly how I got banned—I’m not joking—how I got banned from a sports betting website here in Australia. This is actually a pret…
Selina Tobaccowala at the Female Founders Conference 2016
All right, Cellino. We have so much to talk about, and you know I’m very excited for this because, um, I know you were just introduced as the CTO and president of SurveyMonkey, which is where you’ve been for the past most seven years now. Six now, six and…