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“Congressional leaders agreed yesterday on the details of a nearly $790 billion stimulus package, an unprecedented attempt by the federal government to jolt the economy, create millions of jobs and ease the financial woes facing individuals, businesses and states.”

“This morning’s startling job loss numbers show why it is imperative that the Congress act immediately to pass the American Recovery and Reinvestment Act to stem the rising tide of unemployment and get Americans back to work. The economic recovery package will create and save more than 3 million jobs and put America back on more solid economic footing.”

Today, the Department of Labor announced American job losses totaled 598,000 in January–the worst month of job losses since 1974 and the 13th straight month of job losses. They also announced the unemployment rate hit 7.6%, its highest point in 16 years…. Continue

“Almost two years ago, when we first talked about this legislation — we have been talking about it for years — of course, its been the law, and now we are expanding it. But when we first brought it into the previous Congress, on that day, it was late in the afternoon when I came to the floor, and while the sun was setting in the sky — coincidentally I came at a time when it was, in poetry described as the ‘Children’s Hour’.”

“In a swift victory for President Barack Obama, the Democratic-controlled House approved a historically huge $819 billion stimulus bill Wednesday night with spending increases and tax cuts at the heart of the young administration’s plan to revive a badly ailing economy.”

“‘This recovery plan will save or create more than three million new jobs over the next few years,’ the president said in a written statement released moments after the House voted. Still later, he welcomed congressional leaders of both parties to the White House for drinks as he continued to lobby for the legislation.”

This morning, President Obama signed two Presidential Memoranda focusing on energy independence and climate change: Obama Opens Way for States to Tighten Emissions Rules Kim Chipman and Edwin Chen, Bloomberg – January 26, 2009: President Barack Obama opened the way for California… Continue

The Rules Committee has posted The American Recovery and Reinvestment Act of 2009 online. The bill will be formally introduced on Monday, January 26th. Read the legislation (.pdf)>> Read summaries from the committee markups: Committee on Appropriations Committee on Ways and Means… Continue

“And yet in terms of pay equity, I’m a mother of four daughters and one son, and for all of them this is important legislation. Many colleagues in this House, many women Members of the House, we have fathers of daughters. And those fathers of daughters know that their daughters are capable of doing anything that they set out to do, and the value that is placed on them in the workplace is the same value that is be placed on young men of whatever age.”

“Nancy Pelosi, whose steel-and-satin political style was shaped by a childhood in the Democratic clubhouses of Baltimore and the chardonnay fundraising circuit in 1980s San Francisco, is living the paradox of a politician whose dreams are about to come true.”