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. Steven

    So much hatred without even giving the man a chance. The country was in very good shape when Clinton left office, though the seeds of the subprime mortgage crisis were already sown.
    A competent President would have seen the coming problems and done something about them (regulating Wall Street more, making them back up their worthless paper with real money), but Bush went in the opposite direction – letting Wall Street run wild. At the same time he distracted us by lying us into an unnecessary war in Iraq, and calling those who disagreed with him "unpatriotic" and "traitors." Big, big screw-ups, which will be hard to correct.
    If you really love America, you will pray for Obama's success in turning the country around. Even if you disagree with some of his proposals, keep an open mind – he's not a communist radical terrorist setting off to ruin the country, he's an honorable man who loves America and the American people, doing his best to help us all.
    Please don't keep hating without any reason.

    November 6, 2008 12:18 pm at 12:18 pm |
  2. Dan Smith

    welcome to CNN and the rest of the liberal medias ALL OBAMA ALL DAY AND NIGHT NETWORK. Where all you here is Obama this Obama that. Which I am sure about half of the 50 million people who voted want to see,, and where the other half, and about zero of the 45 million who did not vote for him, dont want to hear 24×7.

    November 6, 2008 12:20 pm at 12:20 pm |
  3. ANGIE

    I will Take Socialisim over Facisim anyday!

    November 6, 2008 12:20 pm at 12:20 pm |
  4. Tom Senenfelder

    I think every one has forgotten about the democratically controlled Congress and Senate for the last four years. The Mortgage crisis started under Pres. Clinton by allowing the No income check loans and recently the Congress and Senate refused to do anything about it. I think the majority need to open there eyes and ears to the problems at hand and to the root cause, and it was not President Bush. I am now a Constitutionalist Party Member. It is time for a change but one the represents the values our country was founded on.

    November 6, 2008 12:22 pm at 12:22 pm |
  5. becky

    To KKK and your kind:
    Do you go to church on Sunday?
    Do you call yourself Christian?
    If you do, you might want to read the Bible and seek's Christ's truth.
    You are the very kind that he will banish to hell.
    You might want to open your mind and turn your life around.
    If you cannot act Christ like – then you must be on the other side.

    November 6, 2008 12:25 pm at 12:25 pm |
  6. FLORIDA for Obama

    We must STOP the hate and racism. WE THE PEOPLE spoke LOUD and CLEAR. WE OUT NUMBER THE HATE MUNGERS OF THIS COUNTRY.

    PEACE AND LOVE TO ALL MY BROTHERS AND SISTERS OF THE WOLRD

    EVEN YOU HATE & FEAR MONGERING RACIST KKK of the USA REPUBLICANS.

    WHY CAN'T YOU JUST ACCEPT IT AND MOVE ON?

    November 6, 2008 12:25 pm at 12:25 pm |
  7. JC

    Seems to be something that when a African can't compete in the job force and finds themselves in any hardship the race card gets brought up.
    Don't worry, I am sure that uncle tom in the white house will socialize the economy for you to get more money on welfare and make it easier for you to sell drugs in your neighborhood. Marijuana is legal in Michigan so.. maybe the crackheads will buy your dope too.

    November 6, 2008 12:26 pm at 12:26 pm |
  8. Independant

    Just what we need, Pelosi leading the democrats to fix the economy. Aren't they the ones that broke it in the first place with forcing banks to make bad loans? And the last 2 years of democratic leadership, (Pelosi), in Congress have made matters even worse.

    Let's wait until Obama gets in office.

    Like I said in earlier posts, Pelosi thinks she is in charge now.

    Let's get rid of Pelosi and give Obama a chance to lead.

    November 6, 2008 12:27 pm at 12:27 pm |
  9. Liberal and proud of it!

    Simply put, I support Barack Obama ans no I am not expecting a fat check in the mail.
    Neither are most of his supporters. Reps on these boards keep say disaster. The last eight years are a disaster. As to a so called majority the last 2 years, stop that doo doo. We Dems have not had enough of a majority to overide the vetoes of your sainted "Decider"
    So give up that myth as well as all your bellyaching about the stock market again today. The main problem I see with the vehement hate filled arguments is the inability for Republicans to man up and admit a mistake. They refuse to take responsibilty for anything. Always pointing verbal fingers at someone else. You Gopers had 8 years to fix things. You failed. You failed because of your stubborn worship of the almighty dollar, hubris, greed, borrow and spend, and the hive mentality of your religious extremists. GWB is nothing more than a pompous DICTATOR. His way or no way. I guess after 8 yrs people like you have become so used to being RULED that you consider it the "norm". Well, it is not. We, the people, have said no.
    Country 1st. We will not worship at the altar of hate, greed and bigotry.
    President Obama does not just speak. He listens!

    November 6, 2008 12:29 pm at 12:29 pm |
  10. r sisk, nevada

    So many of these comments are bitter and down right stupid. We as a country have endured nearly 8 years of horrific leadership and failed policies. Our economy is in the toilet, we were misguided and lied into a war which has drained our military fiscally and physically, our constitution has been trampled on and our reputation and reliability with other nations has been severely tarnished.

    Yet, many of these folks still stand behind this loser administration and the GOP. It used to be that the GOP stood for "less government" and fiscal responsibility. Certainly not what it used to. Please, someone tell me what good George W. has done for this country. Explain to me how our government is better and our nation is safer? What does the GOP stand for today?

    November 6, 2008 12:31 pm at 12:31 pm |
  11. MR. CANADA

    Looking at the stock market for the last 2 days , maybe McCain was right about one thing . The rich are the ones who invest in stocks and create jobs not the people who bought homes they could not afford.

    November 6, 2008 12:31 pm at 12:31 pm |
  12. geoffrey pimblett

    please report something about ACORN be ... no bull /l.dobbs/ all you who were taking about voters fraud!

    caffi your my man

    November 6, 2008 12:31 pm at 12:31 pm |
  13. LS, Austin, Texas

    Been reading a lot of hateful remarks from McCain followers – it's a wonder how you people can't figure-out why your candidate lost. I bet you all walk around all day long with a mad look on your faces – how sad.

    Obama was elected, not because he was black, but because they (being the Obama Team) was smart.

    McCain lost because he was a lot like his followers – go figure.

    Cheer up – everything is going to be fine. Can't get any worse than it is now, the shape the country is in already, that is.

    November 6, 2008 12:32 pm at 12:32 pm |
  14. Noah

    Fascism? Obama offers more fascism than any Republican. He wants to create a civilian security force, do you know how crazy and scary that sounds? Sounds a lot like the Nazi's Secret Police to me. They want to shut down free speech as well. They want to bring back the Fairness Doctrine and they will go after anyone who dares say anything bad about the great leader Obama. Hail Obama!

    November 6, 2008 12:32 pm at 12:32 pm |
  15. Independant

    Sandra 12:05 P.M.
    Some errors to your thinking.

    Clinton is to blame for the banking mess and it was a result of trying to regulate it and force banks to make bad loans. That was not Bush and it is the worse crisis this country has seen for a long time.

    Iraq, well that was Bush and the deficit, Bush.

    But if I follow your logic and say Bush is at fault for the banking crisis, then Obama is at fault for anything that happens starting January 20, including the economy, Iraq, job loss, etc.

    I would rather put the blame where it originated, with Clinton for the banking, with Bush for Iraq, and with the Democratic Congress, mainly Pelosi, for the $700 billion bailout and the accelerated economic meltdown of the last 2 years.

    November 6, 2008 12:33 pm at 12:33 pm |
  16. Ian

    I didn't think printing monopoly money out of thin air was anything new. We had the stimulus checks at the beginning of the year, billions in bailouts to the banks, auto industry, etc., and now there are more talks of stimulus checks.

    If you want to more money for the people to spend you can try cutting government spending for a change. Printing money out of thin air and inflating the money supply has never worked and never will.

    November 6, 2008 12:34 pm at 12:34 pm |
  17. Joe ano

    Obama Won, its a new day in America. An turn around is fair play.

    Now I can finally saw to all the sore losers and bigots in this country.

    AMERICA LOVE IT, OR LEAVE IT !

    November 6, 2008 12:37 pm at 12:37 pm |
  18. Tom Senenfelder

    Of the People, by the People and For the People.

    Have we forgotten the United States is a Republic and the Representatives are supposed to represent the majority. Obama is by law elected to represent the People.

    November 6, 2008 12:37 pm at 12:37 pm |
  19. Joe ano

    Obama Won, its a new day in America. An turn around is fair play.

    Now I can finally say to all the sore losers and bigots in this country.

    AMERICA LOVE IT, OR LEAVE IT !

    November 6, 2008 12:37 pm at 12:37 pm |
  20. Courage

    Asides Economy,

    Now with American people behind Obama, he will now find courage to openly come out and repudiate ALL Those who hate America.

    He will have to show strength , inspite of defending radicals like Aiyers and Wright, et al, who have nothing in their heart but HATE.

    November 6, 2008 12:37 pm at 12:37 pm |
  21. pray2008pray

    God Bless you Rick. I have added you and your narrow minded friends to my prayer list.

    President-elect Obama and Vice President-elect Biden will do just fine. No matter who is or has been president someone disliked or liked that person. Thats why America is such a great country we can agree and disagree.

    November 6, 2008 12:40 pm at 12:40 pm |
  22. Ian

    If the focus is on stimulating the economy, why did the federal reserve bank of New York hire failed former top executive of Bear Stearns, Michael Alix???

    November 6, 2008 12:41 pm at 12:41 pm |
  23. JAN

    To Robert The Man,

    You should all remember that we all have a responsibility to continue the "change" President elect Brack obama has started. For me in all reality, CHANGE began on the day Obama declared he was running for PRESIDENT OF THE USA..."The Audacity Of Hope" was truly defined on November 4th 2008.

    I have never thought of Obama as a messiah...actually his supporters have never called him that BUT GOP did!

    I am very proud of Obama BUT everybody should know that he is not a miracle maker who will do everything that "YOU" think he should do for this country. None of you ever held BUSH accountable for anything wrong even when you saw it, why are you already building barriers for Obama before he can even start the work cut for him?

    Obama! We all keep you in our prayers b/c there are numerous challenges that lie ahead for you.

    OBAMA...YOU DID NOT CHOOSE BUT YOU WERE CHOSEN (BY WE THE PEOPLE & GOD) TO LEAD US IN THIS TOUGH TIMES.

    DID ANY OF YOU SEE OBAMA WITH A MAGIC WAND? I DO NOT THINK SO...SO WE SHOULD ALL HOLD OURSELVES ACCOUNTABLE FOR MAKING MORE CHANGES, AS WE HOLD PRESIDENT ELECT OBAMA!!

    November 6, 2008 12:41 pm at 12:41 pm |
  24. Rich Lady

    I can't understand why anyone who has the pleasure of having a computer and internet service, could possibly fault pelosi for introducing a package to get people back to work. What is wrong with you people. This is our Country, we all have to live together, why not help one another. I voted for Obama because of the hate... Now as i tell my 3 year old. Stop it... Be Nice...and Love your neighbor and as Obama would say, have some empathy.

    November 6, 2008 12:41 pm at 12:41 pm |
  25. Uncle Fester

    Obama Victim November 6th, 2008 11:23 am ET

    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……………….

    I am guessing by your spelling skills that you are one of the majority of Americans who "will" benefit from Obama's tax plan

    November 6, 2008 12:51 pm at 12:51 pm |
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