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Obama's meetings come as the Federal Reserve examines unconventional ways to lift the economy, and one day after several companies, including Sprint Nextel Corp., Home Depot Inc., and General Motors Corp., announced sweeping job cuts as they seek to remain solvent in an economic environment that worsens by the day amid turmoil in the financial, housing and credit sectors. Given the gravity of the economic situation, the stimulus measure is widely expected to pass Congress with bipartisan support. The question is just how many Republicans will side with majority Democrats to pass it; House GOP leader John Boehner has said he couldn't support the measure in its current form and McConnell has been noncommittal. Obama already has had one early victory, persuading Congress to give him the second installment of the $700 billion financial industry bailout money
-- and that was before he even got into office. But the stimulus package presents a huge opportunity for the president, who was elected in part by his call for a new-style politics that emphasizes solutions over partisanship to change the way frequently gridlocked Washington works. Getting a significant number of Republicans to back the measure would be a triumph for Obama that would set a bipartisan tone for his presidency and signal that he values Republican ideas
-- and is willing to give a little to get a little. For all his courting of Republicans and promises to listen to their ideas, Obama has made clear that it's his vision that will guide the country. "I won" the election, he told Republicans on Friday when pressed about his tax policy
-- a comment both the White House and GOP leaders described as lighthearted, though also matter-of-fact.
[Associated
Press;
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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