Government Spending and the Failing Economy
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A $789 billion stimulus package is likely to pass the House and the Senate. We look at what's in the bill and what's not. Did Republicans force enough compromises to tarnish a victory for President Obama? Also, special envoy Richard Holbrooke arrives in Kabul as security in the capital worsens, and on this 200th birthday of Abraham Lincoln, President Obama talked about the predecessor he admires most.
Banner image of Lincoln Memorial in Washington, DC: Karen Bleier/AFP/Getty Images
Holbrooke Arrives in Kabul as Security in Capital Worsens ()
President Obama's special envoy, Richard Holbrook, has arrived in Afghanistan, just one day after Taliban suicide bombers penetrated security and killed 20 people in Kabul, the capital city. Richard Oppel is there for the New York Times.
- Richard Oppel: Baghdad Bureu Chief, New York Times
House and Senate Agree on Stimulus Package ()
Despite all their differences over the stimulus bill, Republicans and Democrats in the House and Senate reached a $789 billion compromise in a little over one day. President Obama calls the stimulus package "enormous" in "scope and scale," but it's not as big as he wanted. It would likely create or save 3.5 million jobs instead of 4 million. There's less aid to the states and schools than he asked and a lot more in tax cuts. Most Republicans still say it's way too expensive, while many supporters complain it won't be enough to restart the economy. We debate the pros and cons and analyze the political fallout for Democrats and Republicans.
- Jonathan Weisman: Reporter, Wall Street Journal, @jonathanweisman
- Robert Barro: Professor of Economics, Harvard University
- Daniel Gross: Senior Editor, Newsweek, @grossdm
- Ron Brownstein: Political Director, Atlantic Media, @RonBrownstein
Celebrations Abound in Honor of Lincoln's Bicentennial ()
In the Capitol Rotunda today, President Obama paid homage to the predecessor he admires most. "What Lincoln never forgot, not even in the midst of civil war, was that despite all that divided us -- north and south, black and white -- we were, at heart, one nation and one people, sharing a bond as Americans that could not break." Obama observed that he was speaking in a building constructed in part by slaves and immigrants, and that Lincoln insisted the work go on during the Civil War, even though the metal supporting the Capitol Dome might have been used for bullets.
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