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
Michael Burry's Worrying Recession Warning (The White-Collar Crisis Begins)
So we all know the story up to this point. Those cushy buy-anything and double-your-money days are well and truly over. Inflation is high, interest rates are rising, the consumer has less to spend, corporate profits are under pressure, and big corporation…
Tech startups live and die by their speed of shipping software.
I was the single non-technical person on a four-person co-founding team at Justin TV and Twitch. And like, I’ll just make it plain: without my three other co-founders, none of that happens. Ideas are a dime a dozen. I think that more business people need…
Captain Cook Snags a Big Tuna | Wicked Tuna | National Geographic
Getting anything better down there, Johnny? A lot of bent rods. So we’re just getting set up right now on the Regal Sword. We made the move down from Crab Ledge last night. Might just set up right in here. Yeah. You know, you just get panic in panic mode…
15 Traps to Avoid in Life
Life is a long road made of choices that can change it right away in a positive or not so positive kind of way. Most of the time, how you live your life is only down to you and your choices. Be them important decisions or just small. What should we eat to…
How Cicadas Become Flying Saltshakers of Death | Podcast | Overheard at National Geographic
What you’re hearing right now is a love song. Okay, you’re right, there’s cicadas—actually, male cicadas to be exact. But stay with me, because this isn’t an episode just about a really loud swarm of bugs. It’s actually a crazy tale about an ancient under…
Can You Build a House With Hemp? | National Geographic
[Music] Some of the most practical uses of industrial hemp in the modern day, of course, are the same as they ever were: building materials, paper, textiles, seed oil, nutrition. Hempcrete, of all the 50,000 known products that we can make with industrial…