Nineteen days ago, the President first proposed an economic stimulus package and implored the Congress to act. It was impressive to see the Democratic Speaker of the House, the Republican leader of the House, and the Secretary of the Treasury of the Bush administration all together having worked out an important stimulus package that we believe will help our economy. Then in an apparent jolt of nostalgia from last year, Senate Democrats decided to co-op a bipartisan proposal produced by the House, to put together a carefully crafted political document coming out of the Finance Committee. It may be a good proposal in some respects. I am sure it contains a lot of what is appealing to Members. But the point here was to try to do a targeted, temporary jolt to our economy, and to try to astonish the American people by doing it on a bipartisan basis, rapidly. This package will not achieve that result. There is an opportunity, however, to do that.
Editor's note · Context
Discussing the economic stimulus package during Senate floor debate.
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