By Amy Goodman, Democracy Now!
Posted on January 30, 2009, Printed on January 31, 2009
Ed. Note: The following is the transcript of Democracy Now! host Amy Goodman's interview with author William Greider after Barack Obama's stimulus package passed in the House of Congress.
Amy Goodman: The House approved an $819 billion stimulus package Wednesday, marking one of the most expensive pieces of legislation ever to move through Congress. Despite an all-out lobbying push by President Obama, the bill passed without a single Republican vote. Eleven Democrats also opposed the measure.
The Los Angeles Times says the package is “the largest attempt since World War II to use the federal budget to redirect the course of the nation’s economy.” The two-year stimulus plan totals $275 billion in tax cuts and nearly $545 billion in domestic spending. It would provide up to $1,000 per year in tax relief for most families, increase funding for alternative energy production, and direct more than $300 billion in aid to states to help rebuild schools, provide healthcare to the poor and reconstruct highways and bridges.