Ben Smith, "State of the brand":
With Barack Obama’s victory in passing a massive stimulus package marred by days of bad press—as not a single House Republican backed the bill, his Health Czar went down in flames and his second pick for Commerce Secretary walked away—the administration has been cut down to size, and lost some of its bipartisan sheen.NY Times, "Stimulus Plan Places New Limits on Wall St. Bonuses":
Such, at least, has been the beltway chatter, but so far the numbers don’t back it up.
— A provision buried deep inside the $787 billion economic stimulus bill would impose restrictions on executive bonuses at financial institutions that are much tougher than those proposed 10 days ago by the Treasury Department.AP, "Highlights of House-Senate economic stimulus plan":
The provision, inserted by Senate Democrats over the objections of the Obama administration, is aimed at companies that have received financial bailout funds. It would prohibit cash bonuses and almost all other incentive compensation for the five most senior officers and the 20 highest-paid executives at large companies that receive money under the Treasury’s Troubled Asset Relief Program, or TARP.
AP, "The recovery plan: shock & awe for a shaken nation":
America is bringing shock and awe to the home front, using dollars instead of bombs.WaPo, "Obama Scores Early Victory of Historic Proportions":
It's the military doctrine of lightning force — fast and brute, or as brute as the shaken country can manage — applied to the campaign for economic recovery.
With a record-busting stimulus plan, the U.S. is marshaling resources against economic catastrophe in ways not seen since Franklin Roosevelt put the New Deal in motion.
Twenty-four days into his presidency, Barack Obama recorded last night a legislative achievement of the sort that few of his predecessors achieved at any point in their tenure.The White House, "2/14/09: Your Weekly Address" (video--04:46).
In size and scope, there is almost nothing in history to rival the economic stimulus legislation that Obama shepherded through Congress in just over three weeks. And the result -- produced largely without Republican participation -- was remarkably similar to the terms Obama's team outlined even before he was inaugurated: a package of tax cuts and spending totaling about $775 billion.
"President Obama celebrates the passage of the American Recovery and Reinvestment Act while keeping his eyes on the tough road ahead."Barack Obama