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 Science Behind Dogs' Incredible Sense Of Smell
In this US Government lab, they study air flow to solve crimes. Using mirrors, lights, and lasers, they can illuminate the tiniest differences in air temperature and density, and track how drug powder settles in the rooms of a house, determine which perso…
10 STOIC PRINCIPLES TO BUILD SELF DISCIPLINE | MARCUS AURELIUS | STOICISM INSIGHTS
Imagine waking up every day with a crystal clear sense of purpose, not swayed by setbacks, unfazed by the chaos around you, and relentlessly focused on what truly matters. It sounds almost superhuman, doesn’t it? Yet, this was the everyday reality for one…
It's Surprising How Much Small Teams Can Get Done - Sam Chaudhary of ClassDojo
Well, I don’t want to miss this story. Uh-huh. Oh, sly grin. Yeah, so little known fact: one of your first investors was Paul Graham of Y Combinator. Yeah, can you tell us about that meeting? What convinced PG to write you a check? Yeah, it was hilarious…
10 Tips to Avoid Bad Stock Market Mistakes
[Music] Hey guys, welcome back to the channel. In this video, we’re talking 10 quick tips to help you avoid bad investments. These are essentially just tips that I kind of wish I heard, you know, five, six years ago, which someone had told me that I’ve ju…
How To Make Friends
Friends make life good. They provide the scaffolding that makes it not just bearable, but fun. They give us a sense of meaning and purpose and are a source of security, self-esteem, and happiness. Almost nothing predicts how happy you will be as how conne…
Unpacking employee benefits | Employment | Financial Literacy | Khan Academy
When looking at a new job, it can be very tempting to look only at the pay. That’s because the pay is really important, and that’s the bulk of what the company is going to give you. But there are other things that they will give you beyond pay that you sh…