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Obama, Pelosi to Discuss Scope of Economic Package

by: Michael D. Shear  |  Visit article original @ The Washington Post

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House Speaker Nancy Pelosi (D-California) and President-elect Barack Obama will confer today on an economic stimulus package proposed for early approval. (Photo: Getty Images)

    President-elect Barack Obama will meet with House Speaker Nancy Pelosi (D-Calif.) on Monday as Congress prepares to reconvene and debate a massive recovery plan for the nation's struggling economy, according to Democratic sources.

    The face-to-face meeting between two of the nation's top Democrats will be one of the president-elect's first acts after relocating his family to a hotel in Washington over the weekend.

    Sources said Obama and Pelosi will discuss the scope and timing of the economic recovery package, which Obama has said will be his first priority upon being sworn into office. Pelosi has said her goal is to have the legislation on the new president's desk and ready to be signed on Jan. 20.

    But that schedule appears increasingly likely to slip, as Republicans and conservative Democrats are raising concerns about the impact on the federal deficit of spending hundreds of billions on an array of projects with little vetting by Congress. Lawmakers now expect a spending package of between $675 billion and $775 billion.

    And a top congressional aide said yesterday that Democratic leaders in the House are still waiting for a detailed proposal to be delivered by Obama's economic advisers before lawmakers can begin the process of turning it into legislation.

    Even so, congressional Democrats are anxious to get the process started so that a vote can take place in the House as early as the week of Jan. 12. Pelosi announced yesterday that the first hearing on the plan will take place Wednesday.

    In a letter to Democratic House members, she wrote that the hearing will focus on "the need to act with deliberate speed to safeguard as many as three million jobs by making needed investments in infrastructure, alternative energy, science and other emerging sectors and providing middle-class tax cuts to help make work pay."

    Among those scheduled to testify at a series of hearings involving several committees are Mark Zandi of Moodys.com, Harvard University professor and former labor secretary Robert Reich, Harvard economist Martin Feldstein, MIT professor Maria T. Zuber and others.

    Even if the House votes before Obama's inauguration, passage in the Senate is likely to be more contentious and take longer than in the other chamber. With an ongoing recount in Minnesota's Senate race and the process for replacing Obama in the chamber still uncertain, Democrats can be assured of holding only 57 seats during January, three votes shy of a veto-proof majority.

    Obama aides said the president-elect and his team will help make an all-out push to convince Americans that the government must spend almost $1 trillion to create jobs, provide cash for spending and shore up the finances of the state governments.

    Obama aides and congressional sources have said the package under development is likely to contain three broad categories: infrastructure investment, tax breaks and direct aid to states.

    Congressional aides said all the specifics of the infrastructure spending are unlikely to be spelled out in the legislation. Instead, the goal will be to provide formulas that allow states to choose projects that fit a series of broad principles laid out by the president-elect and Congress.

    The tax cuts being discussed are focused on reductions in payroll taxes, a top congressional aide said. Once adopted, workers would see more money in their paychecks every week, leading -- officials hope -- to increased consumer spending.

    The aid to states is likely to come in the form of payments that could help meet the growing costs of Medicaid spending.

    In a Washington Post-ABC News poll last month, 65 percent of those surveyed said they support new federal spending of as much as $700 billion on construction projects and other programs to try to stimulate the economy. In the same poll, 69 percent of those who supported the plan (47 percent of all adults) said they would still back the spending even if it increased the size of the federal deficit.

    --------

    Polling analyst Jennifer Agiesta contributed to this report.

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Comments

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Why aren't "conservative"

Why aren't "conservative" Democrats not on board? Pelosi needs to get all these people in a room and raise hell and tell them to get on the same damn page! She needs to get the votes to overcome any Repugnantcan attempts to thwart the will of the People and get some progressive legislation passed that will take from the rich and give to the poor and middle classes. I'm concerned about Reid too. He'll be one shy short of any chances of a Repugnantcan fillibuster. If he can't get one of three so-called moderate Repugnantcans to flip, he's worthless and it's time to get him out of the Majority Leader position and put in someone like Feingold who knows how to fight! The same with Pelosi: if she can't do the job, I'm sure Kucinich or Pete Stark or Sheila Jackson can!

Feingold and Kucinich are my

Feingold and Kucinich are my heroes too. Pelosi, especially, was such a huge disappointment after the 2006 elections. Is there anything we can do to change the leadership?

"Republicans and

"Republicans and conservative Democrats are raising concerns about the impact on the federal deficit of spending hundreds of billions on an array of projects with little vetting by Congress. Lawmakers now expect a spending package of between $675 billion and $775 billion." Hee hee! This is just too funny! After blowing a trillion or so on useless wars on invisible enemies for the benefit of the defense industry; after squandering untold billions on "bailouts" of criminal enterprises, NOW the "conservatives" are getting nervous about squandering another trillion or so on certified "infrastructure" boondoggles! Hey, the jig is up, folks -- the fake paper is flying out of the Treasury faster than they can print it, and it will continue to do so until the dollar reaches its logical end -- zero. that's when the fat lady will sing her swan song.

We are in a major depression

We are in a major depression and building roads and bridges will not solve it. Bill Clinton who is pulling in Millions of Dollars everyday, along with the Bush Family sold out our indistrial base to China and we will never recover unless we recover our industrial base first. Harvard and Yale lawyers need a lesson in economics. We cannot sell roads and bridges, unless we sell them to the Arabs who will install tolls at every mile.

People in the eastern states

People in the eastern states may need to dust off the tracks of the underground railroad. It's my understanding that many of the roads connecting the eastern states have already been sold to international conglomerates who will maintain the roads and collect the tolls. In places where these tolls are collected electronically, individual vehicles and persons can be tracked. Ordinary people pay in taxes for large infrastructure projects and then pay again to use them. Ordinary people also sometimes die in the construction of these things. China is now offering bounties to buy back inefficient vehicles because pollution has become such a problem. In the meantime, there are places in the states where pollution is so bad that children know their blood counts and ask questions of adults about how long they have to live (documented in the new movie The World According to Monsanto). Rather than building more bridges for vehicles, it would be better if we could concentrate on how to repair the damage from years of huge infrastructure that produced things that caused harm. Sen. Grassley seems to be the lone congressperson working hard along these lines. He is publicizing the broken processes in large universities such as Harvard and their connections to large companies such as those in the pharmaceutical industry. Democrats should consider this journalistic research to be an equal-opportunity world of adventure. Congresspeople are better able to get their phone calls and requests for information attended to than many ordinary journalists and citizens.

60 votes is not a veto-proof

60 votes is not a veto-proof majority, and what do Democrats need with a veto-proof majority anyway? Why would a Democratic congress want to override a Democratic veto? What you mean, Mr Shear, is "filibuster-proof majority". But the Republicans have shown how to deal with that: go nuclear. Once Biden is sworn in, crushing the filibuster should be the first order of business.

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