November 7, 2008
Posted: 03:02 PM ET

From
A Democratic leader said Friday that Congress would not hold another session to consider a second stimulus bill before the inauguration unless a deal is reached with Pres. Bush.
A Democratic leader said Friday that Congress would not hold another session to consider a second stimulus bill before the inauguration unless a deal is reached with Pres. Bush.

WASHINGTON (CNN) — House Majority Leader Steny Hoyer said Friday that Democratic congressional leaders continue to talk to the Bush administration about a stimulus package, but if there's no deal, there would be no reason for a lame-duck session of Congress.

"Clearly there is no point in us doing something if the administration is going to take the position that they're not going to sign something," Hoyer told reporters Friday morning.

House Democratic leaders have been discussing a $60 billion to $100 billion stimulus package. The bill now being negotiated with the White House and Senate Republicans would include an extension of unemployment benefits, an expansion of the food stamp program, assistance to the states, and money for infrastructure projects.

Democratic leaders are also trying to figure out how Congress can help the struggling U.S. auto industry.

CEOs of the "Big Three" U.S. auto companies and their labor union met with congressional Democratic leaders Thursday on options for an assistance package to supplement the $25 billion in loan guarantees Congress approved in September.

Hoyer said a vote on some aid for Detroit "could be" a reason to call Congress back, even if there was no agreement on a stimulus. But the Maryland Democrat declined to give any specifics on what Congress is considering in terms of aid. He did say, however, that he does not think the automakers would be able to access money from the $700 billion economic bailout Congress has authorized.

Hoyer said the new Congress will focus on the economy first, pointing to tax cuts proposed by President-elect Obama for the middle class and small businesses as the top of the agenda next year.

House rules mandate that an offset is required for any new spending measures, but Hoyer argued the economic crisis could mean that these tax cuts would not be paid for initially.

"Pay as you go is not a straightjacket," he said.

Filed under: Congress • Economy • President Bush


maynard hopkins wi   November 7th, 2008 8:02 pm ET

put my name on top ,,middle,,,bottom of request for money.

I WANT MY SHARE THE LAST STYMULAS PACKAGE DIDN,T WORK NEITHER WILL THIS ON.. JUST GIVE ME $4. MILLION AND I WILL BE HAPPY.

Polly   November 7th, 2008 7:56 pm ET

Expansion of food stamps? Listen Americans, you're going to have to help thy neighbor because the Government can't afford to take care of everybody and keep businesses going. We're already in a heap of debt. Work and give back to your communities. Work together. Eat together. Grow food, go hunting…pioneer and survive a little…cut back, lose a few pounds…

Deb loves PA!   November 7th, 2008 7:55 pm ET

We gave our money because we wanted to support Barack Obama!
If he chooses to donate to a worthy cause, then so be it!
If he chooses to fund democratic coffers, oh well… so be it.
However, if he chooses to use the money to fund his being re-elected in 20012, then RUN,BARACK RUN!!
Sarah Palin will be trying to foist herself and her brood on us again in 2012,and I think she'll be as divisive and dishonest as ever, so we'll need a cushion for Barack . As for those of you with your ignorant,sour grapes comments….obviously you did not contribute a dime..,so it's really none of your concern what becomes of anything, now is there??
Just another useless "Palin-like" attack! Thrown out any empty, false issue (hateful rhetoric disguised as concern) and see if it sticks.
Get over yourselves, and do some growing up while you're at it. You sound like a whiny bunch of babies in need of a time out!!

Jaye   November 7th, 2008 7:48 pm ET

The republicans would rather go down in complete flames instead of helping the American people… their little power games must stop now!
No wonder the republicans lost so badly.

Nj in FL   November 7th, 2008 7:33 pm ET

The stimulus money that we received this year will not be taxed! It's not counted as income. Didn't you read the notice when it was sent to you or did you get your information from someone else?
No wonder most don't even have a clue as to what goes on in this country. Do a little research for yourself and get the facts. You just might surprise yourself.

Luigi ina California   November 7th, 2008 7:27 pm ET

I wouldn't worry about a stimulus package, I'd worry about them stealing every last cent (already given away the treasury to the banks,) and every piece of silver as the neocons tuck their tails and run.

Bushwhacked in Eugene, OR   November 7th, 2008 7:22 pm ET

As a strong Obama supporter with a low income, I am no more supportive of another stimulus package than I was of the first. Sure, I got a few hundred dollars, and sure, it added to my bank account. Didn't do much for the economy, however, because I didn't spend it.

Borrowing more money to give people to spend on new TV sets or other unnecessary expenditures is not a wise use of the taxes I paid or will pay in the future. Nor is borrowing from China or anyone else the way to strengthen this country's economy.

We need to reduce debt, find better ways to help.

Jeff   November 7th, 2008 6:49 pm ET

How is it possible to continue providing cash for bailouts, stimulus packages, etc?

Wake up America: we are printing money as fast as the presses can produce it with nothing to back it up — remember inflation rates above 15%? Well get ready, 'cause its going to be alot worse this time.

Lynn, FL   November 7th, 2008 6:44 pm ET

How about they cut spending on programs that don't work instead of coming up with more spending from money they don't have? We are really in for a mess if the gov't is going to keep bailing all the people out who have made bad decisions and been irresponsible. Thank you Democrats for the mess you created in the first place. The Republicans did nothing to fix it under Bush when they had the chance, and now Obama will be hard pressed to do anything about it. Uncontrolled spending will take this country down and new taxes are not the answer. Obama is clueless on how to handle the economy and his "spread the wealth" ideas will only make things worse.

Voting anything but Republocrat   November 7th, 2008 6:43 pm ET

I think I'm going to invent a machine that does nothing but throw wads of cash at problems, seems to be a lot of demand for that lately.

Vicki5   November 7th, 2008 6:40 pm ET

TYPICAL. The Wall Street thiefs deserve a bailout, but the hardworking Americans that they stole from don't.

ALSO, how is it that Bush can de-regulate even more on his way out the door. How in the world can he do more deregulating, especially now. Why can't he be stopped, and why aren't the press talking about it?

Rose   November 7th, 2008 6:38 pm ET

That's the answer?? Don't hold sessions if you don't get your way, no wonder nothing ever gets done for the people.
This congress and Senate is horrible, they don't work for the people they work for themselves and only when they feel like it.
Start acting like real working Americans, how many working people can say, if I don't get my way I will just leave. Wanna bet you won't have a job the next day.

bob in LA   November 7th, 2008 6:32 pm ET

There definitle is a reason for them to do something- its thier job!
They were elected to look after our interest, not just deal with easy issues.
Congress- Fight for US!!! No more politics!!!

Gerry in Va. for Obama.   November 7th, 2008 6:30 pm ET

Well, what the hell, the Republicans have done NOTHING for the people of this country BUT STEAL FROM US AND LIE TO US and TAKE AWAY FREEDOM so why would we expect anything different this late in their game. I say let them get out and stay out. Don't give them a chance to do any more damage before they leave.

Anna from GA   November 7th, 2008 6:29 pm ET

Why are Neocons so desperate not to help Main Street but okay with bailing out Wall Street? Obama will save $5 *billion* every month once we get out of that stupid war. That's where the money will come!

ran   November 7th, 2008 6:09 pm ET

The solution to this problem is so so simple. We have about 200 million people in this country over 21 yoa. Give each $1 million and we can stimulate the economy over night at a cost of only $200 million not Billions.

Where is the billions going to and for what?

Jason from Illinois   November 7th, 2008 6:05 pm ET

White Christian Mother for Obama wrote :"We have to pay back the $2100 we got a few months ago!!! Which lowers our refund. The economy has gotten worse… more have lost jobs… many will owe taxes and the pay back on the first one is due and they will either owe more or get less of a refund."

Please note that this information is not entirely accurate. Any stimulus money received earlier this year is neither taxable, nor does it reduce the amount you will receive on your 2007 or 2008 tax returns — this from the IRS website. So, the previous stimulus package will not affect how much anyone gets back when they file their 2008 taxes.

SueB   November 7th, 2008 5:52 pm ET

When will this insanity stop? We don't need economic stimulus packages. We had one in the spring, it accomplished nothing. Another one will also accomplish nothing. The only stimulus needed is to encourage job creation, and further taxing corporations isn't going to result in more jobs. As the increase in minimum wage was looming, many companies prepared by laying off employees starting earlier this year. As it became clear over last month or two that Obama would be president, many companies began preparing by laying off employees. We don't need bailouts of major corporations. That started with Carter's bailout of Chrysler in 1979. Chrysler's been dying a slow death, with government pulling them back from their last breaths too often since then, but has done nothing themselves to turn their business around. If these corporations were worth saving, someone like a Buffet or Soros would be grabbing them up. The fact the private sector is not foaming at the mouth over getting a fantastic deal should tell you that the private sector isn't as stupid as the government.

Bob   November 7th, 2008 5:37 pm ET

Mother for Obama: We will not have to "pay back" the first stimulus check. That was a rebate of previous taxes, not a loan on future taxes. Your 2008 tax bill/refund will be the same it would have been if the stimulus never happened.

WELCOME TO THE OBAMA SHOW   November 7th, 2008 5:35 pm ET

THIS COUNTRY IS GOING TO STIMULUS US INTO A DEPRESSION.

PELOSI AND REID WILL STILL BE TRYING TO PRINT MORE MONEY EVEN AFTER THAT!!!!!!!!!

BY THE WAY MY BUSINESS IS HURTING A NEED 10 MILLION DOLLARS. HOW ABOUT THE REST OF THE SMALL BUSINESSES!!!

DO YOU NEED MONEY TO?

WHAT MAKES THESE BIG COMPANIES SO SPECIAL!!!!!!!!!

S. Boatman Warrensburg, Mo.   November 7th, 2008 5:14 pm ET

The Best Thing The Current President Can Do For This Country Is Nothing!

britmys   November 7th, 2008 5:03 pm ET

You are incorrect in thinking that you will have to repay any of the 2008 tax stimulus payment that you received.

Anonymous   November 7th, 2008 5:02 pm ET

You are incorrect if you think that you are going to have to repay any of the 2008 tax stimulus money that you received.

Jim In Texas   November 7th, 2008 4:58 pm ET

Nothing is going to change with regard getting any help from the government……….it is "flat broke" plain and simple. Obama won only 52% of the popular vote and that is including ACORN (joke). The remaining 48% plus have no confidence in Obama……..it is going to be a rough four years. Don't count on the government helping you because it is not going to happen………it is private enterprise that makes things run.

Vegas   November 7th, 2008 4:58 pm ET

Wow… those dems are acting fast… blew 700 billion and ready to blow 60 billion more on day 3…

Gotta hand it to you… you live up to expectations…

Limbaugh is my Saviour   November 7th, 2008 4:50 pm ET

No Pardons for treason and high crimes,thank you.

Yo Yo Yo   November 7th, 2008 4:47 pm ET

How exactly is extending employment and expanding food stamps supposed to "stimulate the economy"….typical Democrats

Bud   November 7th, 2008 4:41 pm ET

Are these Congressmen just lazy or stupid? What are we paying them to do if not consider actions to keep this country going? My goodness, Republicans and Democrats make me want to launch a rebellion to throw them all out. It seems like they are always running for re-election and bad-mouthing other positions while not presenting one you can hang on them or the other political party. Disgusting is a great word for these well-paid public servants that vacation, vacation, vacation. Borrowing money from our "good friends" to give away is not adult or responsibile. UGH!

We love Sarah   November 7th, 2008 4:39 pm ET

It is amazing how folks are willing to spend up to 700 billion to help the people who screwed-over the population. Yet, ask them to help themselves and they have a problem. Then these same folks have NO problems in funding an unneeded war.

ANGIE   November 7th, 2008 4:23 pm ET

Typical Republicans willing to Bail out Rich Wealthy Ceos but screw the People ugh Republicans are Pathetic go away for 16 years

White Christian Mother for Obama   November 7th, 2008 4:15 pm ET

I dont like this stimulus plan thing… I started doing our taxes to see where we will stand. Usually we get a refund. We still get a refund but I was reminded of something. We have to pay back the $2100 we got a few months ago!!! Which lowers our refund. The economy has gotten worse… more have lost jobs… many will owe taxes and the pay back on the first one is due and they will either owe more or get less of a refund.

So the Next Stimulus isnt really going to give us a boost, its going to keep us right were we are now. Those that normally will owe taxes will keep it to help pay for the extra they will owe from the first stimulus. It really defeats the point.

My best idea would be to delay the first stimulus for another year, and give another for two years delay. So pay off the first one in 2010 and the second in 2011

Otherwise I dont see the purpose. Many wont put the money into the economy.

WIlly Brown   November 7th, 2008 4:14 pm ET

Why change now. The Democrat controlled Congress has been in lame duck status for the past 2 years anyway.

Proud to be American   November 7th, 2008 4:11 pm ET

Typical GOP willing to give major bucks and I mean major to the rich but fight hard to take care of the little people … GOP sucks and that is why they are no longer in control…. I can't wait to say buh, bye to the GOP!

Proud Southern American Woman   November 7th, 2008 4:10 pm ET

Why not? They're all lame ducks anyway!

Kris in AL   November 7th, 2008 4:10 pm ET

GOOD LUCK DEMOCRAT CONGRESS AND PRESIDENT. YOU HAVE THE VOTES. YOU HAVE THE POWER. YOU HAVE THE HONEYMOON.

THE REPUBLICANS SHOULD TAKE A VACATION AND WATCH YOU FOLKS TAKE YOUR BEST SHOT AND WHEN THAT DOESN'T WORK, THEY CAN COME BACK TO THE VOTERS AND MAKE THEIR CASE.

Bruce   November 7th, 2008 4:08 pm ET

well if they do nothing they are palying into Bushs hands, j=they need to go back and craft a bill and send it ti Bush,,,if he vetos it and they cannot get bipartisan support to over ride..then we can wait for Obama and the Dems to take over and work things out.

Matt   November 7th, 2008 4:04 pm ET

Yeah, force some concessions out of him before he pardons everyone under the sun, including that rat Stevens.

Jack   November 7th, 2008 3:59 pm ET

President Bush and the republicans have already accomplished all they set out to do eight years ago; redistribute wealth the the richest few, bankrupt the treasury so handcuff the next president, hold on to a filibuster safe senate to stifle change and pack the courts and justice department with neo-conservatives.

What else could the republicans ask for?

Turn Texas BLUE   November 7th, 2008 3:53 pm ET

NO TO "STRAIGHTJACKETS" AND YES TO "GOLDEN PARACHUTTES"
That is what made them lose the race!! and they will keep losing elections, STUPID REP>

Warren from TEXAS   November 7th, 2008 3:50 pm ET

Now it is time to look out for the American people.

Erik   November 7th, 2008 3:46 pm ET

This stimulus package is exactly what we do not need at this moment in history. More national debt for a government giveaway that will evaporate into bills or a single mortgage payment for most people is nearly useless as a stimulant for the economy.

Mobius   November 7th, 2008 3:43 pm ET

Yes, yes, please. Let's spend MORE money we don't have. That's Change.

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