SMALL BUSINESS AND POLITICS WORKING TOGETHER
8 years ago
Hrafnkell Haraldsson
The U.S. Senate on Monday moved a step closer toward approving President Barack Obama's plan to jolt the U.S. economy out of recession with government spending and tax breaks, setting up a vote to pass the $838 billion emergency package on Tuesday.
After a week of contentious debate, senators reached a deal to pare down the stimulus bill by about $100 billion and voted 61-36, with minimal Republican support, that it was time to hold a final ballot at 12:00 p.m. EST Tuesday.
President Obama receives a 67% approval rating for his handling of the government’s efforts to pass an economic stimulus bill, compared to 31% for the Republicans in Congress. A majority of Americans (51%) agree that passing such a bill is critically important to improving the nation’s economy.
A U.S. "truth commission" should investigate Bush administration policies including the promotion of war in Iraq, detainee treatment and wiretapping without a warrant, an influential senator proposed on Monday.
Democratic Senator Patrick Leahy, chairman of the Judiciary Committee, urged a commission as a way to heal what he called sharp political divides under former President George W. Bush and to prevent future abuses.
He compared it to other truth commissions, such as one in South Africa that investigated the apartheid era.
"We need to come to a shared understanding of the failures of the recent past," Leahy said in a speech at Georgetown University.
"Rather than vengeance, we need a fair-minded pursuit of what actually happened," the Vermont senator said. "And we do that to make sure it never happens again."
Obama's interview was seen widely in Pakistan and has received a generally positive response from analysts there. Islamabad author and journalist Imtiaz Gul told CNN: "It's a good sign of an attempt to reconcile with the Muslim world, to say America wants to reach out to them and not to consider them as an enemy."
What the country has seen of his leadership style so far evokes the discipline of George W. Bush and the curiosity of Bill Clinton. Mr. Obama is not shy about making decisions and making them expeditiously — he assembled his team in record time — but he has also sought to tap into the nation’s intellectual dialogue at a time of great ferment...“He sort of lives in a grudge-free zone,” said John D. Podesta, a co-chairman of his transition team. “He’s capable of taking on board a lot of information and making good decisions. He knows he’s going to make mistakes. But he also knows that you’ve got to do the best you can, make tough decisions and move on.”
“I don’t think it maps into traditional right-left, but nor is it Bill Clinton-like triangulation,” said Robert B. Reich, Mr. Clinton’s labor secretary and an economic adviser to Mr. Obama. “My sense is he genuinely believes that people can come to a rough consensus about big problems and work together effectively. I don’t really get a sense of ideological position. He’s obviously a man of strong convictions, but they don’t fall into the standard boxes.”
The decision came 24 hours after the banking giant, which was rescued by a $45 billion taxpayer lifeline, defended buying the state-of-the-art Dassault Falcon 7X -- one of nine to be flying in U.S. skies -- as a smart business deal.
The jet, the epitome of corporate prestige and privilege, can carry 12 passengers in elegant comfort.
ABC News has learned that on Monday officials of the Obama administration called Citigroup about the company's new $50 million corporate jet and told execs to "fix it."