Bipartisanship: Senate Will Act on Unemployment, Health Care and Housing
Two leading Senators showed a brief moment of bipartisanship this morning. Democrat Chuck Schumer and Republican John Cornyn both told me they agree the Senate should pass an extension of unemployment benefits, COBRA, and the $8,000 tax credit for first time homebuyers. Schumer said the Senate would act this week on unemployment benefits.
But neither Senator would commit to a broader second stimulus. Senator Cornyn told me that the American people are "scared" that spending and the debt is being "racked up." Schumer said the present stimulus, which so far has only spent 40% of the dollars, is working "so before doing a second stimulus, let's see how the rest of the 60 percent works."
Here's our full exchange:
STEPHANOPOULOS: How about the broader issue, Senator Cornyn? Chairman Greenspan says no other stimulus, but the president said yesterday he's going to have his team look at more job creation measures. Good idea?
CORNYN: Well, I think the stimulus so far has been unsuccessful in achieving the goals the president set out for it. He said, with the stimulus, we'd seen 8 percent — no higher than 8 percent unemployment. And we now see, with 60 percent of the stimulus unspent, that that has not been successful. We're going to see unemployment over 10 percent. Forty-three cents out of every dollar spent in Washington today is borrowed. And the American people are justifiably concerned, even scared, that the spending and the debt that's being racked up. And unfortunately, the health care issue threatens to make matters worse, not — not better.
STEPHANOPOULOS: So is that your position?
CORNYN: Well, no. I think there are things we need to do to help people who need help, like unemployment benefits and the like. But I think throwing more money at the problem and racking up more and more debt for children and grandchildren is not the answer.
SCHUMER: Bottom line, we — we have to deal with the pain of people's unemployment now and unemployment benefits. I'd be for extending COBRA benefits, so…
STEPHANOPOULOS: And health care?
SCHUMER: Health care, as well.
STEPHANOPOULOS: Are you for that?
CORNYN: I'm for health-care reform, which means that in part what we do is we don't — you don't have to get it from your employer to establish parity, where people get affordable health coverage…
STEPHANOPOULOS: You haven't extended it to the very people who are unemployed to buy…
CORNYN: COBRA.
STEPHANOPOULOS: OK.
CORNYN: Sure, but COBRA's not really a great solution for a lot of people, because it costs so much money. So that's part of the overall problem about making it more affordable.
SCHUMER : That’s true…I'd be for extending the housing tax credit, which has helped get the housing market out of the severe depression it was in. It's getting a little better, has to go more. But…
STEPHANOPOULOS: So we have a lot of agreement here.
CORNYN: Well, Chuck and I agree on a lot of things, but — well, some things.
STEPHANOPOULOS: So we have agreement: extend unemployment benefits, extend health care benefits for people who are unemployed, and extend the housing tax credit.
SCHUMER: And let me just say one other thing here, broader-term. The stimulus is working. The American people see it. Forty percent has been spent. Before the stimulus, we were losing 700,000, 800,000 jobs a month, a huge amount. It's going down. The number now is about 300,000. And Alan Greenspan said, it should turn around soon. So, before doing a second stimulus, let's see how the rest of the 60 percent works and try to deal with the pain of some people in terms of the job front, where John and I agree, and in certain targeted areas of the economy such as housing.
Watch the Full interview HERE.
- George Stephanopoulos
Email
Gulf of Mexico to Become Gulf of America?
Can Mitt Romney Win Conservatives Back?
I percieve bias on George’s part in the final moments of the spot with Chuck Schumer and Cornyn. You needle Shumer to death, but let Cornyn stand on the speculation about the public option leading to single payer health insurance. That is opinion, based on opinion. I think that needs to be pointed out. Also, there seems to be an underlying assumption by Cornyn that single payer is a bad thing. Stephanopoulus might be more aggressive in positing these points, instead of letting Cornyn run away with these questionable assumptions.
Posted by: katiebee | October 4, 2009, 11:36 am 11:36 am
The republicans want this President and this Great Nation to fail. This President has inherited almost 30 years of republican ideology. It will take more than a few months to fix the damage. There are 18 more republican senate seats on the ballot in 2010. We need to send them all packing along with some yellow dog democrats.
Posted by: rightbehind | October 4, 2009, 12:26 pm 12:26 pm
30 years of Republican ideology? Dems controlled Congress outright 79-80, 87-94, and 07-09. Repubs controlled Congress outright 95-2000 and 03-06. It was split 81-86 and 01-02. It looks to me like there is sufficient blame for both parties, not just one. Congress spends the money, and it is pretty even between them who was in charge of the purse strings. It is naive to strictly blame either party, when both are to blame.
I keep reading that the only way to get out of our financial mess is to spend more money. If spending money really is the cure, then the 4.9 trillion spent during Bush 8 years should have been sufficient to make our economy boom. The pace that we are spending during Obama’s presidency will equal in 4 what it took 8 years to do under Bush.
Don’t blame just Repubs, Dems are just as much, if not more to blame for the current mess. Both act as if the money we earn really belongs to the government and their own pet projects.
Posted by: Mike | October 4, 2009, 1:54 pm 1:54 pm
I would like to add, if you want a better Congress, don’t give one party control of both Houses. If the Clinton years proved nothing else, they proved that when one party controls Congress and the other the White House, then very little gets done and the economy does well.
Try adding some Libertarian or Green party members to Congress and get some new ideas, instead of the same old lame ideas repackaged.
Democrats have one answer, more government,no matter what question is asked. Republicans pay lip service to the market, but in the end, their question is either do nothing, or let government become involved, just in a less intrusive way (except for the ridiculous Patriot Act).
Posted by: Mike | October 4, 2009, 2:04 pm 2:04 pm
Looks like a nice year’s “paid vacation” for a lot of people … Why work? when you can receive a paycheck every two weeks – and that probably pays better then a job at a lower wage … When will they learn … extending unemployment benefits – extend the number of unemployed.
Posted by: 1enlightened | October 4, 2009, 2:34 pm 2:34 pm
I would like to see an honest debate about health care. Schumer decries health care profits as if they are evil. he failed to mention they have paid in nearly twice the $12 billion in Federal and state income taxes. I wonder if that impact has been added to their COB estimates.
Our government has been and projected to underfund Medicare to the tune of 50% as far as we can see. Even if they cut my parents Medicare Advantage plans.
Democrats and Republicans have not had ANY political will to make Medicare acturially sound. If they cannot control the current program and back the promises they have made to all Americans, how can they run a health care system?
Sen. Schumer, please do tell!
Posted by: scott jeffries | October 4, 2009, 3:29 pm 3:29 pm
scott jeffries
If the government’s public insurance option is not cost-efficient, then no one will buy into it. It being an OPTION and all that. So what is the problem?
Posted by: jock59801 | October 4, 2009, 4:13 pm 4:13 pm
I don’t think allowing the Government to dictate as to who gets help and who doesn’t is very wise. Look at auto sales; through the roof when getting tax credits, very few are selling now that the incentive is gone. Housing is moving because of the same reasons. Part of the problem that caused the collapse was spending borrowed money-yet here the Government goes again. When we pay the piper is not known but you can be darned sure that all of us are going to give up something.
Posted by: david | October 4, 2009, 4:35 pm 4:35 pm
ROI — bottom line government is like a business and we citizens are its investors and board of directors are our elected officials. We investors must be vigilant in making sure our government does its job along with those appointed by elected officials. ROI is return on our investments. In order to make sure our elected officials who are our board of directors do their jobs right, we must continue to make them aware of what we must have first and want second. When investors are happy, still do audits. When investors are unhappy, do more audits. American citizens deserve better ROI and we are depending on this Congress and Administration to give us just that — positive ROI.
Posted by: Elle | October 4, 2009, 5:12 pm 5:12 pm
Investigate recent GI deaths in Afghanistan. Make sure no one went rogue and followed partisan Republican politics. We Americans are tired of our tax dollars going to waste on military leaders not understanding how to communicate successful strategies and campaigns. If these military leaders don’t understand supply and demand, well, there are unemployment lines we will place them in and put into place military leaders who are hungry enough to get the right job done with winning strategies without flaws. Get this war completed then bring our men and women in uniform home alive and well to their families. With 21st century strategies and technologies, there aren’t any excuses for losing this war. Stop whining about losing Republican power in Washington and do the people’s work on the battlefield of Afghanistan and other hotspots. We American women are losing patience with ignorance. Get the job done right the first time. Stop the waste and political Republican party pandering. Stop going rogue — do the job right the first time. Get educated, develop troops, learn territory as if your own backyard, and put America first not your ill run Republican rogue party. We American women are tough as nails on the inside and we look nice on the outside. Now sugar and spice will continue to be nice when the job is completed timely and successful with less damage to our men and women in uniform. Bring them home as you received them — healthy, well, and alive. American women are watching and we are tough beyond anyone’s imagination. Now do your job military leaders as we Americans expect you to do so. We pay you and we have high expectations of ROI, best practices from you and your care of our precious cargo that you have — our sons and daughters. Now do the job right or possibly we need to look at the pay structure from the Pentagon and possibly we pay you military leaders way too much. Take care of American tax dollars, our sons and daughters, use them with best practices and next steps in order to resolve difficult projects and turn them into successful campaigns. Now do your jobs right the first time.
Posted by: Elle | October 4, 2009, 5:34 pm 5:34 pm
Mike | Oct 4, 2009 2:04:46 PM
…..We already have a darn good libertarian – Ron Paul (even though he is registered as a Repub).
Posted by: deanbob | October 4, 2009, 6:12 pm 6:12 pm
scottjeffries: why not simply avoid the taxpayer’s current health care middleman – the HMO ? Instead of Joe taxpayer paying the middleman an excess of money and have the government collect taxes from his profits let’s cut straight to the government receiving money from the taxpayer? Each exchange of money costs money to administer . Instead of paying those administrative costs and HMO profits why not have the money go directly to health care services?
Posted by: gordo | October 4, 2009, 8:08 pm 8:08 pm
What is so funny is PEOPLE hated HMO’s and now they are clamering for them? Give me a government HMO? LOL What a riot these congressional criminals are
Posted by: ChicagoBob | October 4, 2009, 9:46 pm 9:46 pm
There are many medical health care centers in America and they are in operation in order to provide medication, therapy, counseling and relief to people suffering from various diseases. These centers work to lessen the load that hospitals face. They run under different names and some of them specialize in certain fields.
Posted by: K James | October 5, 2009, 5:40 am 5:40 am
Given the lack of any real jobs creation by the administration, I commend congress for acting to extend jobless benefits, to those whose situation is extremely stretched.
At least that is a small step to help those in real need.
Posted by: Rick McDaniel | October 5, 2009, 4:25 pm 4:25 pm
Do we really want our government’s help? Can we afford their help? Someone put foward a good question on one of the “news” shows yesterday. It kinda went like this: Why don’t we vote on lobbyist and that way we can get rid of the middle man? Works for me!
Posted by: Old Republican | October 6, 2009, 9:30 am 9:30 am
Let’s not forget about the “war” in Afghanistan. They are helping with that also. Too bad they are not the one’s writing the letters home to the families of our troops who won’t be coming back. It appears as though our representatives are more interested in scoring political points then supporting our citizens they sent in harms way. Give them what they ask for or bring them home.
Posted by: Old Republican | October 6, 2009, 9:53 am 9:53 am
Our Congress is not going to fix anything. Each representative has one goal: get re-elected. Support their party! Keep the cash coming in! Pat a few more people on the back! Shake a few more hands! Do nothing that upsets anyone!
Posted by: Old Republican | October 6, 2009, 10:20 am 10:20 am
Posted by: rightbehind | Oct 4, 2009 12:26:01 PM
I’m glad your rightbehind and not outinfront.
Posted by: Lizzie | October 6, 2009, 11:51 am 11:51 am
THIS IS A REPLY TO >>>> Posted by: Mike | Oct 4, 2009 2:04:46 PM
Looks like a nice year’s “paid vacation” for a lot of people … Why work? when you can receive a paycheck every two weeks – and that probably pays better then a job at a lower wage … When will they learn … extending unemployment benefits – extend the number of unemployed.
VACATION???????? YOU call worrying about feeding your children a vacation? you losing your home is a vacation??? You need to start reading and comprehending what you read, there are NO JOBS and those that are out there you either don’t have the experience they want or you are over qualified. I have applied for 1000′s of jobs so don’t you sit there and talk about VACATION…….I wish I were on a vacation, but this stress I am under with hoping to feed my daughters and not live in a car, doesn’t feel like a vacation to me bud!!!
Posted by: Leisa | October 7, 2009, 7:12 am 7:12 am
You tell him Lisa!!!! Mike are you insane??????
I am a native of Scotland. I came here in 1978. (legally) Became a citizen in 1985. I have always worked, paid my taxes and voted. Very happy and proud to be an American…. I am now unemployed since Feb 08 and my unemployment benefits are exhausted. No health insurance so I can’t get my meds or see a doctor or dentist. I can’t get food stamps because I don’t have school age children. I can’t get medicare because I’m not of that age yet!!! Welfare will give me medical if I pay $1000.00 per month 1st!!!! If I could do that, why would I need medical help in the 1st place? I paid Oct’s rent.but I no money for any other bills, or Nov rent. I’m on the computer dailey applying for jobs, but they rarely get back to you. I’ve stood in so many lines to apply for jobs it’s rediculious!!!
VACATION PLEASE!!!! I’m about to be homeless!!!! When I was getting unemployment benefits they didn’t pay me what I was making when I worked. It was alot less… So please,Mike if you think it’s vacation come try it for a while and let me take your job and health benefits. I have worked since I was 15 yrs old and I have never been unemployed like this before. Since coming to this country in 78, I’ve never seen it in such bad shape. God saves us from another Republican president. We have become a 3rd world country, thanks to the republican party. No more money for banks or car companies. How about helping the people out for a change. I’m not asking for a hand out, just a hand up. A little help for someone who has worked paid my taxes, voted and truly loves being an American.
Posted by: Morag | October 8, 2009, 10:36 pm 10:36 pm
can anyone tell me now that both houses past the unemployment bill when will the benefits start for us jobless
people.
PLEASE FIND OUT AND LET ME KNOW.
ROBERT
Posted by: robert | October 13, 2009, 1:52 pm 1:52 pm