Obama's Stimulus Package

President Obama says he's certain that Republicans will back his 825 billion dollar economic stimulus package.
"I am confident that by the time we have the final package on the floor that we are going to see substantial support and people are going to see this is a serious effort," says Obama.
But as the package stands now, Republicans say it's actually laughable.
"I can't believe the president isn't embarrassed about the products that have been produced so far." says Senator Mitch McConnell - R.
"I think you have to start from scratch and reconstruct this," says Senator Jon Kyl/Arizona - R.
"If this bill comes to the Senate floor...MR. GREGORY: You'll vote against it? SEN. HUTCHINSON: Oh, yes, absolutely," says Senator Kay Hutchinson/Texas - R.
And it WILL come to Senate for debate Monday. Republicans say there are not enough tax cuts and too much spending on government programs that will never go away. They want more money pumped into the crumbling housing market and America's roads and bridges.
"There's a general view among Democrats and Republicans that this does not have enough infrastructure spending, particularly on transportation," says Senator Charles Schumer/New York - D.
Democrats know they don't have the 60 votes needed to push the bill through the Senate, so Sunday, they made it clear they're willing to wheel and deal.
"We've said to them, 'We're open about this. Come to us with your ideas, if you want to make changes and offer amendments. Let's move forward,'" says Senator Richard Durbin/Illinois - D.
"Starting tomorrow, there will be amendments. We will bring amendments ourselves," says Senator John Kerry/Massachusetts -D.
"We're going to be trimming out things that are not relevant to putting people back to work right now," says Obama.
And with the economy hemorrhaging up to a half a million jobs a month, the promise of new jobs could not come sooner. Drew Levinson, CBS News, New York.


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