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 Money Mindsets That Speed Up Your Growth
Do you know what your money mindset is? You know research shows that most people have four core money beliefs: money avoidance, money worship, money status, and money vigilance. Those beliefs often, especially when you don’t understand where they come fro…
International Human Rights | 1450 - Present | World History | Khan Academy
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their creator with certain unalienable rights, that among these are life, liberty, and the pursuit of happiness. This is an excerpt of the US Declaration of …
How to Build a Startup Without Funding by Pieter Levels @dojobalicoworking3342@ Dojo Bali
(Clapping) I’ve done a lot of building startups and side projects in the last four years. They’re mostly bootstrapped, and bootstrapped means that you build a business without any funding. So you don’t go to San Francisco. You don’t get venture capital fr…
Interpreting slope of regression line | AP Statistics | Khan Academy
Lizz’s math test included a survey question asking how many hours students spent studying for the test. The scatter plot and trend line below show the relationship between how many hours students spent studying and their score on the test. The line fitted…
Welcome to the YC Health and Bio Summit 2022 with Surbhi Sarna
[Music] Hi everyone, welcome to the first YC Healthcare and Bio Summit. I’m Kat Mignon. Yeah, thank you. I’m Captain Yalick, I’m head of Outreach at YC and I will be your MC today. I’m super excited to see you all here and in person. Uh, and I wanted to…
The Housing Market Is Sinking
What’s up you guys? It’s Graham here. So let’s talk about something that I’m sure most of us have considered in some way or another, and that would be the next housing crash. After all, in the last month, housing prices have continued to hit record high a…