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
The Quiet Beauty of Kaikōura | National Geographic
[Music] Nestled on the northeast coast of New Zealand’s South Island, Kaikoura is a small town with a big story. Fresh seafood, friendly faces, and above all, abundant wildlife that you can experience up close. National Geographic sent us three cultural …
Warren Buffett & Charlie Munger: Margin of Safety
Mr. Buffett and Mr. Munger, I’m Mark Rybnikov from Melbourne, Australia. I just wanted to ask you, how do you judge the right margin of safety to use when investing in various common stocks? For example, in a dominant, long-standing, stable business, wou…
Learn How to Use Pixar in a Box with Your Students
Hey everyone, this is Jeremy Schieffling from Khan Academy. Thanks so much for joining us in our long-running series of Remote Learning 101. It’s gone on a little longer than we expected at the beginning back in March, but we’re happy to serve you with wh…
How I was held at gunpoint while selling a private jet!
The first jet I ever sold in my life, I was held at gunpoint 3 ft away from me. It’s a long story. So, the first time I sold the jet, I was 23 years old. I flew to America, to North Carolina. We were signing a deal with a Venezuelan buyer; he had two of h…
Researching Psilocybin's Effects on Depression - Dr. Rosalind Watts
How did this particular research project get started? This particular research started after various other studies looking into the effects of psilocybin on the brain and NST on the brain. This was the work of Robin Kaha Harris, whose interest came out of…
Current State of the Oceans | Sea of Hope: America's Underwater Treasures
People today should really understand that the ocean underpins everything that people care about. If you like to breathe, you’ll listen up because most of the oxygen in the atmosphere is generated out there in the ocean. The ocean shapes temperature, clim…