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
Ponzi Factor | SEC Meeting 1
Hi everyone, this is Thanh. A quick note, kind of exciting news! I am in the process, as in either this morning or next hour or so, I’m gonna go into a roundtable meeting with the chairman of the ICC, J. Clayton, and also some other senior officials of th…
10 QUICK Life Hacks To Save Money ASAP
What’s up, you guys? It’s Graham here! So, as some of you might already know, I am slightly obsessed with saving money. Okay, fine, that was a lie. I’m very much infatuated with saving money and trying to find the most creative ways to cut back without ev…
How To Apply Stoic Wisdom For Your Everyday Life
Most people don’t care to admit it, but believe us when we say life is difficult. Not acknowledging this fact will make you ignorant and in time inevitably miserable. Philosophers realized this a long time ago. In fact, philosophy was born in order to ans…
The People and Tech That Power Nat Geo | Podcast | Overheard at National Geographic
Foreign, when you think about a 135-year-old institution, you know, you might think of something that’s, you know, fussy or tradition-bound. This is Nathan Lump, he’s National Geographic’s editor-in-chief, the 11th person to lead this magazine, and nowada…
Contaminating Mars | MARS
One of the big questions we have is when we get to Mars, how much do we impact it? The scientific community is very worried about Mars being contaminated by our efforts to go there and establish a civilization. Because you don’t want human microbes commin…
Interpreting points in context of graphs of systems
We’re told that Lauren uses a blend of dark roast beans and light roast beans to make coffee at her cafe. She needs 80 kilograms of beans in total for her next order. Dark roast beans cost three dollars per kilogram, light roast beans cost two dollars per…