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Senate Dems On Obama Stimulus: Size Matters

I'd guess that the Democratic dismay must run pretty damned deep for them to oppose Obama on his stimulus plan. Good, because it isn't big enough: WA

I'd guess that the Democratic dismay must run pretty damned deep for them to oppose Obama on his stimulus plan. Good, because it isn't big enough:

WASHINGTON — President-elect Barack Obama’s economic recovery plan ran into crossfire from his own party in Congress on Thursday, suggesting that quick passage of spending programs and tax cuts could require more time and negotiation than Democrats once hoped.

Senate Democrats complained that major components of his plan were not bold enough and urged more focus on creating jobs and rebuilding the nation’s energy infrastructure rather than cutting taxes.

Sounds like someone's been reading Paul Krugman.

Just hours earlier, Mr. Obama called for speedy passage of the stimulus measure, warning that the recession “could linger for years” if Congress did not pass his plan within weeks.

Further complicating the picture, Democratic senators said Thursday that they would try to attach legislation to the package that would allow bankruptcy courts to modify home loans, a move Republicans have opposed.

This one's a no-brainer, one that will have broad popular support. Why would Obama want to back off from a fight with the Republicans on this one?

Parallel to its work on the stimulus plan, the Obama team has also been considering how to use the second $350 billion of the bailout program approved by Congress. A transition team official said Thursday night that the new approach would give government officials broader range to provide relief on consumer loans for homes, automobiles and education, while also doing more to address foreclosures and the problems of municipalities and small businesses.

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