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. Steve in Las Vegas,NV

    Obama's presidency will improve the way the world sees us, so we must help in every way we can by supporting him. Bitterness will NOT help a thing. The economy must be one of the first items to tackle but it won't be fast so be patient.

    Obama will surround himself with the best and brightest people he can find, unlike bush. just give him the chance to do the work the right way.

    YES WE CAN

    November 6, 2008 01:03 pm at 1:03 pm |
  2. Mavwreck

    Robert The Man November 6th, 2008 11:52 am ET

    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

    Robert, in case you have not noticed this great country "is" in a shambles. Do we have your permission to blame you for the moron that you put in office? Can we call the majority of you stupid for putting that guy in office. Please let us know if you are willing to accept responsibility for this TY

    November 6, 2008 01:04 pm at 1:04 pm |
  3. JDC

    Dust off the karl Marx books and things will be swell!

    November 6, 2008 01:04 pm at 1:04 pm |
  4. Rick

    $500 billion....$750 billion.....$1 trillion (with a t).....$1.25 trillion.....

    Where will the deficit stop???

    If you want want stimulus, how about a real and permenant cut in tax rates that will get people actually doing the things that will actually move the economy forward for more than a month or two (as the last giveaway did). Remember, the last tax cut actually resulted in double digit percentage increases in overall tax revenues for 4 straight years.

    November 6, 2008 01:05 pm at 1:05 pm |
  5. ME AT FL

    I believe Obama has his best intentions of doing the right thing for the country, whether he does or not, it has yet to be seen. It is very early to judge him. Lets be realistic, the man is going to inherit a lot of problems from the 8 years of the Bush administration which has been the worst we have ever had. REPS stop blaming Bill Clinton, under his administration, we had a balanced budget, jobs and the respect of the whole world!! Do you think that the rest of the world celebrated with us on election day becauseand AA was elected President? C'mon, they celebrated because the whole world does not have to put up with Bush and his administration anymore!!

    November 6, 2008 01:07 pm at 1:07 pm |
  6. Rae

    We all need to come together to make things better everyone. I do not know anyone who agrees with one party all the time. People need jobs, we all need affordable health care and all our children deserve to attend good schools. We need to have compromise on both sides. Partisanship must end, we need to meet in the middle and realize that we all want the same things. We need to figure out how to get there TOGETHER!

    November 6, 2008 01:09 pm at 1:09 pm |
  7. Mary

    I agree with Marie from Ontario, (I'm an independent, voted for Bush's 1st term, fiscal conservative, social moderate–tolerant of diversity). the main reason I voted for Obama is the hatred and bias that seems to be growing in the far right radical republicans and that McCain seemed to lean towards when he chose Palin.

    The rest of us had to send a message that this country is not only made up of conservative republicans, those who espouse the seemingly growing biggoted ideas, but also made up of open minded intelligent people who can see the that Obama showed he can bring the country together to fix the problems from previous administrations. If he doesn't then we can vote him out of office, that's what's great about our democracy. God bless

    November 6, 2008 01:09 pm at 1:09 pm |
  8. Blue in Red AZ

    Uncle Fester...... go back to the double-wide you came from.... or wait... let me guess.... you're a plumber who makes $250,000.00 a year and you voted for McCain so YOU can benefit from His tax plan??? RIGHT???

    November 6, 2008 01:10 pm at 1:10 pm |
  9. Blue in Red AZ

    Seriously CNN... what happened to "moderating"??? and what is your plan Mr. Ku Klux Klan?? are you gathering firewood as we speak for your burning cross of Christianity to put on the lawn of the White House??? or perhaps a noose to tie to one of the trees??? LOL (that means Laugh Out Loud by the way...something tells me you may not know that) This is not the KKK's day anymore Idiot.... you can't get away w/ your intimidation tactics any longer... the results of the Presidential Election should've told you that....but maybe the Trailor Park you live in doesn't have electrictiy so you couldn't watch on T.V. and most likley your mother AKA your sister never taught you how to read.....quite possible

    Ku Klux Klan November 6th, 2008 11:55 am ET

    It's sick to see that trash in the White Houseā€¦ something needs to be done to fix this.

    November 6, 2008 01:16 pm at 1:16 pm |
  10. country first

    I hope all of us this thanksgiving will reflect on what a great country we live in and how blessed we are to have Barack Obama and Joe Biden for our president and our vice president.God bless the USA.

    November 6, 2008 01:19 pm at 1:19 pm |
  11. jn

    Independent....The only problem with your argument is that we had a growing economy and SURPLUS when Clinton left office...You forgot to mention the problems that were created during the Reagan administration and look at the deficit now compared to Clinton. Yes Clinton may habe had issues with the loans but, we had surplus and a balanced economy when he left...It was GEORGE BUSH and the repubs that buried us into the ground...there is no denying that! John McCain cried for deregulationa nd so did the repubs....Answer this..where has it gotten us now?????

    November 6, 2008 01:26 pm at 1:26 pm |
  12. ELLIE IN FLA

    I for one am glad that this election is all over.
    Regardless of party or beliefs we support our new President because the people care more for this country than any political party.

    Having said that the demorcrats have the majority in the house and senate including the white house maybe they can stop whining.

    Lets see how all of you run the country. Stop whining about how you can not get anything done because of the republicans and Bush. You have no excuses anymore to bash or smear, this time if you do not set this country on the right track you have no one to blame but yourselves.

    all the republicans should just take a step back and let the democrats (all knowing) lead you into the glorious future.
    Let them make the laws and policies to their hearts content.

    When the time comes and the future is wonderful they will have a huge party, but if it turns out the other way.... watch out.
    This is a wait and see, we will wait and see.... carefully.

    Make no mistake we all will be watching and waiting all of you on the hill.

    November 6, 2008 01:26 pm at 1:26 pm |
  13. Glenn; Bakersville, NC.

    I love how people are already blaming President Elect Obama for the downturn in the market today. Even though every economist and analyst has been saying for almost 2 months there are going to be drastic cyclic periods on the market until all of the bailout initiatives are started.

    He doesn't take over the watch until January 20th, and for you people who served in the military, you know that the responsibilities of what happens on your watch are yours until "You are properly relieved." That date is January 20th, 2009.

    November 6, 2008 01:27 pm at 1:27 pm |
  14. paul (staunch Moderate)

    Noah November 6th, 2008 12:32 pm ET

    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!
    +++++++++++++++++++++++++++++++++++++++++++++++++++

    Where do you GET this stuff? "Shut down Free Speech"??? I think you need to go read some books. And if you truly believe all that, why would you even post it? Aren't you afraid he'll come find you?

    November 6, 2008 01:27 pm at 1:27 pm |
  15. AD

    Noah-You are STILL clueless. None of what you said is true.

    I am very much looking forward to breaking the gridlock and getting things done.

    November 6, 2008 01:33 pm at 1:33 pm |
  16. Tim

    I don't understand why CNN and others are not lowering expectations as much as they should now that the elections are over. I give it a month before we start hearing about all the challenges Obama faces.

    November 6, 2008 01:39 pm at 1:39 pm |
  17. Milhouse van Houten

    I can see the goodwill that America is supposed to represent is surely
    lacking amongst the posters here.The attitudes expressed and the divisive nature of those expressing them is what is really going to keep the country from ever again regaining its"shining city on the hill"
    stature it was once famous for.This much hate cannot be good for anybody.Give the new administration some time before you start all the"sky is falling"rhetoric.If you have failed to look closely,the last eight years have been the WORST time in the countries history.

    November 6, 2008 01:39 pm at 1:39 pm |
  18. Milhouse van Houten

    I can see the goodwill that America is supposed to represent is surely
    lacking amongst the posters here.The attitudes expressed and the divisive nature of those expressing them is what is really going to keep the country from ever again regaining its"shining city on the hill"
    stature it was once famous for.This much hate cannot be good for anybody.Give the new administration some time before you start all the"sky is falling"rhetoric.If you have failed to look closely,the last eight years have been the WORST time in the countries history.

    November 6, 2008 01:40 pm at 1:40 pm |
  19. CanIcallyouJoe

    A new day?

    Sure, I voted for Obama, and I'm hoping very much that he will bring much needed hope and change to Washington, but there are still Iraqi children and civilians being brutally murdered by weapons in Iraq – and the money that it takes for a Government to do that for one week could house the world's poor with extra left over.

    There are glimmers of change and hope appearing, but a new day it is not. Obama is a great man and I hold him in very high regard – but it's going to take some effort past a name change to bring about more peaceful times.

    November 6, 2008 01:45 pm at 1:45 pm |
  20. Angie

    You haters are sad. You should take some of that energy and try to do good. You are truely a sad,sad bunch of losers. You gave that loser bush 8 years and he totally destroyed this country. Obama being elected on Tuesday has nothing to do with the stock market. It was already in the toilet or did you get come out of a coma today?

    GO PRESIDENT OBAMA. OUR PRAYERS ARE WITH YOU.

    November 6, 2008 01:46 pm at 1:46 pm |
  21. Anonymous

    @Millhouse

    You are not a meme.

    November 6, 2008 01:46 pm at 1:46 pm |
  22. Robert The Man

    To Mavwreck:

    "Robert, in case you have not noticed this great country "is" in a shambles. Do we have your permission to blame you for the moron that you put in office? Can we call the majority of you stupid for putting that guy in office. Please let us know if you are willing to accept responsibility for this TY"

    I am man enough to take any responsibility that has befallen me. If you think this country is in shambles now, then you truly have no idea what it is to be poor, or unkept, or just plain old down in the dumps. How many people in this country complain about how bad they have it, yet they own laptop computers, cell phones, two cars, etc. You may call these items necessities, but how many other people in this world don't have these items, yet are still happy in their everyday lives. You people are so uneducated, and just plain oblivious as to what is about to happen. Ignorance is bliss.

    November 6, 2008 01:48 pm at 1:48 pm |
  23. Greg M.

    O.K. President Obama let's get busy. The world is has witnessed the victory of positive. Lets go in history as the best Presidents ever. Take your time and fix what the republicans have messed up. We will all help, just keep being visible and keep talking to us on the Micheal Basinden show. We are inviting you and your family to Baton Rouge, La. and the Biden family.

    Obama 08'..............................................................................

    November 6, 2008 01:54 pm at 1:54 pm |
  24. BM

    Lieberman should be kicked ou! No questions asked. He is the worse of traitors!He is an old fart!

    November 6, 2008 02:03 pm at 2:03 pm |
  25. Peter (CA)

    Socialism is coming?
    Pay attention. Socialism has been around for years. Not just the big bailout but subsidies to corporate farms and oil companies among others.
    Maybe the whiners should have stopped living on a credit card issued to us by China. The Bushies tried to spend billions a month on two wars while cutting taxes for the rich. Great idea, corporations still moved jobs overseas in order to keep their stock price up.

    I would have thought some of the whining on these post would have gone away after the election, but thanks for proving me wrong, right wingers.

    November 6, 2008 02:27 pm at 2:27 pm |
1 2 3 4 5