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
Rant: THIS is why you need to make YOUR OWN decisions...
What’s up you guys? It’s Graham here. So, I think between YouTube, Snapchat, and Instagram, I probably get a hundred messages per day. Now, one of the more common themes in messages that I get are questions like, “Hey Graham, is this a good idea? Should …
Example reflecting quadrilateral over x axis
We’re asked to plot the image of quadrilateral ABCD. So that’s this blue quadrilateral here under a reflection across the x-axis. So that’s the x-axis, and we have our little tool here on Khan Academy where we can construct a quadrilateral, and we need to…
Content Marketing Tips from Experts at First Round Capital and Andreessen Horowitz
Today we have Camille Ricketts from First Round and so much Oxy from a16z, and we have a ton of questions about content, content marketing, editorial from Twitter, so I think we’re just gonna jump right into them. Okay, good, cool. So, Adore Chung, partn…
Is Regulation A Threat To Bitcoin? | Bitcoin Magazine
It’s not what I want or you want; it’s what the institutions want. Institutions that are just stepping in or considering getting involved in allocating to crypto want one thing: Bitcoin. We’re not gonna print two trillion dollars worth of paper; that curr…
Homeroom with Sal & Jonathan Haidt - Wednesday, July 1
Hi everyone! Welcome to our daily homeroom livestream. For those of you who are wondering what this is, this is something we started a few months ago. It’s really just a way to stay connected, have interesting conversations about education and other topic…
Charlie Munger: How Our Simple Method Effortlessly Beats The Market
If you’re a young investor and you can sort of stand back and value stocks as businesses and invest when things are very cheap no matter what anybody is saying on television or what you’re reading, and perhaps if you wish sell when people get terribly ent…