November 6th, 2008
10:45 AM ET
14 years ago

A new day on Capitol Hill

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/11/06/art.caphillnew1106.gi.jpg caption="Old bills may get new life on Capitol Hill now that Democrats have increased their congressional muscle and taken control of the White House."]
NEW YORK (CNNMoney.com) - Spend tens if not hundreds of billions to boost the economy. Pass a law giving homeowners more leverage over lenders. Do more to address the growing ranks of unemployed workers.

There's a new day for economic policy in Washington.

The Democrats not only took back the White House - they gained a stronger hand in both chambers of Congress. As a result, in the 10 weeks before President-elect Barack Obama takes office and the months that follow, legislative leaders will likely revive a series of measures that failed to gain traction in the past year.

At the top of the agenda: stimulating the flagging economy.

Full story


Filed under: Capitol Hill • Congress • Democrats • Economy
soundoff (111 Responses)
  1. Obama Victim

    and don't forget to raise taxes, quash individual iniative, spread the walth and reduce the USA to a second rate country...............and then next week...................

    November 6, 2008 11:23 am at 11:23 am |
  2. Goddess

    About time.

    November 6, 2008 11:24 am at 11:24 am |
  3. KC

    ....and they can't do a bit of it without raising my taxes, cutting the military budget (thus risking our security), and of course breaking a lot of promises.

    November 6, 2008 11:25 am at 11:25 am |
  4. country first

    this is a new day america is the winner.

    November 6, 2008 11:28 am at 11:28 am |
  5. Bruce

    want to stimulate the economy...take back the bailout money and divide it among the citizens that pay taxes, one per family...that would put the money in the hands of the people who need it and would allow spending, savings, and investment to take place. Giving it to the banks and brokerage houses is a misuse of the funds. I ahve said this all along. They will not use it as it is intended. Giving it to the tax payers would be the boost the economy needs. Look at AIG they have basicly blown through the money that was given them to bail them out, and are in no better shape.

    November 6, 2008 11:28 am at 11:28 am |
  6. Kiera

    It's time to be patriotic and pay taxes to help people who know nothing about money try to save the economy! That 95% is going to get alot smaller.

    November 6, 2008 11:32 am at 11:32 am |
  7. david thomas

    This is a good day. I think it is important not to overreach, however. Please be careful. Our nation does not need another Contract On America. That Contract is the fundamental cause of the economic problems we experience today.

    November 6, 2008 11:33 am at 11:33 am |
  8. J.C.

    Let's give our full support to Presidene-elect Obama no matter if you voted for him or not. His future is also our future. Think about it...

    November 6, 2008 11:36 am at 11:36 am |
  9. MD, TX

    There is a new day in Congress with the democrats now firmly in control. It's called DOOMSDAY.

    November 6, 2008 11:40 am at 11:40 am |
  10. conservative

    Look out socialism here we come!

    November 6, 2008 11:40 am at 11:40 am |
  11. Blue balloons

    It's going to take a while to jump start the economy. No 1/2% drop, or $30 billion check is going to fix it, right away. It has to be restructured, and that means banks have got to stop hoarding money, taxes have to be low, more money needs to be spent and invested here at home, and more jobs need to be created. It won't fix itself overnight.

    November 6, 2008 11:40 am at 11:40 am |
  12. Rick

    I will give Obama the same respect that democrats gave Bush. In other words, the honeymoon is already over. Obama is a corrupt, lying socialist that is going to ruin the country. All of his campaign promises were 180 degrees opposite of his legislative record and all you airhead democrats are too stupid to realize it.

    The next 4 years are going to be fun being an anti-Obama.

    November 6, 2008 11:41 am at 11:41 am |
  13. Melissa Petoskey, MI

    People really need to keep in mind that Obama does not have a magic wand up his sleeve to literally turn everything around in mere minutes. The mess that the Bush administration left us will take a very long time to reverse. Obama will be lucky to get a few of his agendas done in his second term, if he is voted in for one. And for THAT to happen he will probably have to get at least a couple of things done in this term because everyone was so swept up in the Obama hype that the expectations are astronomical.

    November 6, 2008 11:41 am at 11:41 am |
  14. sky

    He needs to pick something that will be successful right off the bat. He needs to get Congress going on changing the tax structure immediately so he can sign that bill. THen he can have, right off the bat, taken care of one thing immediately. I dont see why that one cant just happen asap. Number one success. Take the easiest thing to do, the least complicated and do it first and then move on.

    The world really wants a hero right now....it has been so long since we had an admirable and good person in office.....let him be a hero. there is nothing wrong with that.

    November 6, 2008 11:41 am at 11:41 am |
  15. paul (staunch Moderate)

    The Dems near sweep is NOT a new mandate. Proceed with caution...

    Pelosi and Reid need to be having some in-depth discussions with, if not Obama himself, his incoming staff before they begin putting any legislation together. Some of these ideas seem a bit too far reaching and will result in exactly the problems that faced Congressional members during the Clinton Administration. And we have seen where that went.

    November 6, 2008 11:42 am at 11:42 am |
  16. Linda

    And tax and tax and tax. Make sure that those who work hard everyday, support those who won't do anything. Take from those who didn't borrow too much to pay off the debts of those who wouldn't live with in their means. Change is coming, and for those of us who work to pay our way it wouldn't be positive.

    November 6, 2008 11:42 am at 11:42 am |
  17. Marie Ontario

    I can't believe the dumb comments by the Republican trolls on these blogs. What a bunch of losers. Nothing is happening as of yet but they just keep on spouting their losing rhetoric. That's how you ignornamouses lost the election but your IQ's are so low you haven't been able to figure it out yet.

    November 6, 2008 11:43 am at 11:43 am |
  18. Kevin Chandra

    Of course, there is lots of expectations in America today that Democrats will do the right thing for everybody, without shameless arrogance and extreme partisanship of Republicans who have become homeless and orphaned today as a result.

    November 6, 2008 11:43 am at 11:43 am |
  19. paul (staunch Moderate)

    To Rick:
    "I will give Obama the same respect that democrats gave Bush. In other words, the honeymoon is already over."

    Bush had plenty of respect when he first took office in Jan 2001, that respect soared immediately after the attacks of Sept 11. It began slipping when he threatened our Allies around the world over Iraq. Remember, "You're either with us or against us!" THAT is when the level of respect began to dwindle. He got in return exactly what he put out there.

    November 6, 2008 11:49 am at 11:49 am |
  20. Maggie

    Rick, I SUPPORT YOUR WORDS ONE HUNDRED PERCENT. I THINK THIS ELECTION WAS ALL BASED ON EMOTION AND MUCH OF IT COMING FROM THE YOUNG AFRO AMERICANS LOOKING FOR A BLACK SAVIOUR. HE IS NOT GOD AND TIME WILL PROVE IT. AS FAR AS THE BUSH ADMINISTRATION HE INHERITED IT FFROM THE DEMOCRTIC ADMINSTRATION FROM CLINTON AND IT WAS SO MESSED UP BUSH DID NOT AND WOULD NEVER BE ABLE TO UNRAVEL ALL THE BAD AGENDA DN BAD DECISONS CLINTON MADE. SOME MESSES NEVER GET STRAIGHTENED OUT AND I AM GLAD OBAMA HAS THE OPPORTUNITY TO TRY. HE DESERVES THE MESS CLINTON LEFT BUSH. BUSH WAS TOO GOOD FOR HIS OWN GOOD AND TOO TRUSTING. HE IS A GREAT GUY BUT NOT GOD AND IT WILL TAKE GOD TO FIX THIS MESS.

    November 6, 2008 11:50 am at 11:50 am |
  21. Tracy PA- President Obama08'

    Rick,
    It is a shame that you are so bitter. We Democrats had to deal with Mr. Bush now you have to deal with President Obama!! Democrats gave BUSH a chance and the republican lead congress and as you can see the Democrats will and are coming in to clean up the mess.
    So stop being so bitter and try to help the country become a better one.
    Dividing the country won't help us.

    One nation under GOD!!!

    November 6, 2008 11:50 am at 11:50 am |
  22. California Gold

    Are your fears so great that you believe them to be fact? Your tax status hasn't changed, no one is vacuuming money out of your bank accounts, your golden parachutes are intact. Take a cleansing breath and let it out. Now count all the blessings you've had for the past 8 years with an administration responsible for a runaway economy that had no stop or proceed with caution lights, no accountability, no conscience and ran the country into a ditch. You should fear the legacy of the Bush administration - not the promise of a qualified leader.

    November 6, 2008 11:51 am at 11:51 am |
  23. SOUTH CAROLINA

    Rick, I SUPPORT YOUR WORDS ONE HUNDRED PERCENT. I THINK THIS ELECTION WAS ALL BASED ON EMOTION AND MUCH OF IT COMING FROM THE YOUNG AFRO AMERICANS LOOKING FOR A BLACK SAVIOUR. HE IS NOT GOD AND TIME WILL PROVE IT.

    November 6, 2008 11:51 am at 11:51 am |
  24. Robert The Man

    So in two years when this great country is in shambles, Democrats, do I have your prermission to blame you then, and call the majority of you stupid for putting this guy in office? Please let me know. TY

    November 6, 2008 11:52 am at 11:52 am |
  25. Brian G, Sugar Land, TX

    I am so happy I just peed myself. Wait, wait, that wasn't me.

    It was the Bush administration, which is still in power getting in its last yuck yucks!.

    November 6, 2008 11:53 am at 11:53 am |
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