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[big campaign] Economic Recovery Clips 12/11/08

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P17 V11 D1 V16 D6
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Hill: Baucus wants SCHIP, health IT in stimulus Congress should include a short-term reauthorization of the State Children's Health Insurance Program (SCHIP) in the stimulus package, Baucus said, in addition to $50 billion that President-elect Obama is seeking for health information technology funding. http://thehill.com/leading-the-news/baucus-wants-schip-health-it-in-stim ulus-2008-12-10.html AP: State government out ahead of feds on stimulus Some states aren't waiting for that economic stimulus package to come down from Capitol Hill to help jump-start their economies. At least a half-dozen states have started economic recovery initiatives of their own this year to fast-track public works projects, help emerging industries and give tax breaks or other financial assistance to seniors, the unemployed and both mortgage lenders and homeowners. http://www.google.com/hostednews/ap/article/ALeqM5jAo92b8uhwc7YP7fVyf_c6 r21FoAD950463G0 WSJ: Some States to Ask Fed Government to Backstop Debt States and smaller municipal lenders are feeling increasingly shut out of the debt markets. Buyers have been demanding higher interest rates, while issuers have balked at issuing debt at historically high spreads. This dislocation has nearly paralyzed this market where states and municipalities seek financing to run basic services and finance capital projects, from schools to road maintenance. http://online.wsj.com/article/SB122894870267096045.html Washington Times: LAMBRO: Stimulus road to nowhere? Barack Obama <http://washingtontimes.com/themes/?Theme=Barack+Obama> 's massive infrastructure spending plan to jump-start the economy isn't being criticized just by conservative critics. His chief economic adviser once called the idea one of the "less effective options" the president-elect is now promoting. http://washingtontimes.com/news/2008/dec/11/stimulus-road-to-nowhere/ Phoenix Business Journal: Economists split on bailout, stimulus impacts down the road There is plenty of business impetus behind the Wall Street and automakers bailout and political backing including from President-elect Barack Obama for a public works, construction-oriented economic stimulus package akin to the New Deal. http://www.bizjournals.com/phoenix/stories/2008/12/08/daily35.html?jst=b _ln_hl WP: Localities Make a Pitch for Energy-Efficient Projects As President-elect Barack Obama <http://www.washingtonpost.com/ac2/related/topic/Barack+Obama?tid=inform line> drafts an economic stimulus package that could provide up to $1 trillion, elected officials from the Washington region combined forces yesterday to pursue support for environmentally friendly public works projects. http://www.washingtonpost.com/wp-dyn/content/article/2008/12/10/AR200812 1003218.html Wisconsin State Journal: Doyle gives Obama team list of projects for economic stimulus package The start of a commuter rail line between Madison and Milwaukee, a new UW-Madison medical research tower and expansion of Interstate 94 are among the local projects Gov. Jim Doyle says could be started within months if federal lawmakers pass a massive economic stimulus bill for states. http://www.madison.com/wsj/home/local/318176 Boston Globe: Patrick seeks federal aid for state http://www.boston.com/news/politics/2008/articles/2008/12/10/patrick_see ks_federal_aid_for_state/ KCUR: Missouri Hopes for Big Economic Stimulus Gift http://publicbroadcasting.net/kcur/news.newsmain?action=article&ARTICLE_ ID=1436496§ionID=1 Denver Post: Plan for clean power sent to Obama http://www.denverpost.com/news/ci_11191402 Star-Bulletin: Obama contacts Lingle to gauge status for stimulus http://www.starbulletin.com/news/hawaiinews/20081210_Obama_contacts_Ling le_to_gauge_status_for_stimulus.html Waco Herald-Tribune: Editorial: Highways are stimulus-plus Just about everyone in Washington agrees that another major economic stimulus plan is needed in the face of one of the gloomiest economies in recent history. http://www.wacotrib.com/opin/content/news/opinion/stories/2008/12/11/121 12008waceditorial.html Providence Journal: Carcieri to unveil stimulus package for small business Governor Carcieri plans to unveil today the state's own economic stimulus package to help Rhode Island's small businesses. The plan is intended to open up new sources of credit for small businesses. http://www.projo.com/business/content/BZ_small_biz_December_11_12-11-08_ LMCJI2K_v6.3073a8b.html CQ: Baucus Wants Next Congress to Tackle Health Care Overhaul From the Start By Drew Armstrong, CQ Staff In the race to stake out territory on a health care overhaul next year, Senate Finance Chairman Max Baucus is making it a habit to try and be first. The Montana Democrat said Wednesday that when the 111th Congress opens, he'll be ready with a health care bill. "I'm guessing the first of the year, near the first of the year, we'll have a bill," Baucus said. Also on the agenda is a short-term reauthorization of the State Children's Health Insurance Program (SCHIP) and tens of billions in funding for health information technology. At a news conference, Baucus said the Finance Committee is working with the Congressional Budget Office to finalize policy sections and score savings and costs. "We're quite close," Baucus said. "We're in the process now of what do you need to score this provision, what do you need to score that provision?" he said. Saving Health IT for Stimulus Package One thing they won't be scoring as part of that effort will be a large package of funds to help doctors and hospitals buy health information technology, such as electronic medical records. Baucus said he will put the money - likely grants and loans - in an economic stimulus package that Congress will likely take up first thing in January. "If I can put some of those upfront costs into the stimulus bill, I want to put them there," Baucus said. "If you want to do this as part of an economic stimulus package, that would help it along," agreed Charles E. Grassley of Iowa, the committee's ranking Republican. Baucus would not say how big the health information technology package will be, but he did say that it would likely be less than $50 billion. Baucus also planned to do a short-term reauthorization of SCHIP. The current authorization expires at the end of March, and Baucus and other Democrats have talked about making a long-term expansion part of a health care overhaul. The short-term reauthorization would be "of sufficient duration to fold into health reform," Baucus said. Grassley was in line with such a plan. "I think I would back him on that," Grassley said. Including SCHIP in a health overhaul would likely help boost support for the overhaul from grass-roots organizations that helped push for an SCHIP expansion in the 110th Congress. House Democrats May Wait on Obama Such a short-term reauthorization would signal that Baucus is ready for a lengthy legislative struggle on a broader health overhaul bill. And while Senate Democrats are ready to burst out of the gates with their overhaul plans, getting them into law will be a more time-consuming matter. The House is already doing its best to restrain the Senate's eagerness. Key House Democrats, such as Henry A. Waxman and Pete Stark, both of California, have said they want to wait and take their cues from President-elect Barack Obama. Rep. Diana DeGette, D-Colo., said Congress should pass a large expansion of SCHIP quickly, then tackle health care reform later in the year. "I think if Max [Baucus] thinks we're going to have universal coverage within the first couple months of [the next] Congress, he's being quite optimistic," said DeGette, a chief deputy whip for Democrats who played an important role in the 110th Congress' struggle to expand SCHIP. In November, Baucus released an 89-page white paper outlining his plans. Sen. Edward M. Kennedy, D-Mass., is expected to be the Senate's other leader on the bill. The two have alternately been praising the other's involvement and jockeying for primacy. While Baucus' committee has jurisdiction over key programs such as Medicare and Medicaid, Kennedy is a longer-established voice on an overhaul and has a reputation as a dealmaker. Alex Wayne contributed to this story. Congress Daily: Aerospace Industry Looks For Support In Stimulus Package Thursday, Dec. 11, 2008 by Otto Kreisher The Aerospace Industry Association intends to maintain its contact with President-elect Obama's incoming administration in an effort to have some projects important to the industry included in the infrastructure improvements planned for the next economic stimulus package, AIA president Marion Blakey said Wednesday. The industry would like to see airport improvements and accelerated deployment of the next generation air traffic control system, among other aerospace work, Blakey said. Citing the important role the vibrant U.S. aerospace industry can play in helping to restore the struggling economy, Blakey said, "aerospace and defense must not become bill payers for other programs." While noting that defense and aerospace research and development funding is down in the current budget and the emergency supplementals for Iraq and Afghanistan are likely to decline, she said the association would urge continued investments in defense procurement of $120 billion to $150 billion a year. Addressing the association's annual year-end review and forecast luncheon, Blakey said AIA established contact with Obama's campaign early in the spring and developed "a very good relationship." It now will be re-engaging the new administration in an effort to shape the stimulus package and other policies, she said. Blakey said the industry was pleased that Obama mentioned increased research and development as part of the next stimulus in his radio address last weekend and proposed making the R&D tax credit permanent. But AIA members were disappointed that there was no mention of airport improvements and expansions, the "Next Gen" air traffic control system or the satellite-based air navigation system. "We need to accelerate the FAA agenda," said Blakey, who was FAA administrator before taking over as AIA president two years ago. All of those programs have been cited as ways to reduce air traffic congestion, which could improve fuel efficiency, reduce airline expenses and save air passengers time. AIA's year-end report showed another record level sales total and it predicted growth in 2009. But that positive forecast was based on confidence that the declining global economy would not result in substantial cancellations of the $404 billion in orders for commercial aircraft and that U.S. defense and space funding would remain close to current levels. Blakey said that with the FY09 Defense and NASA funding covered in the continuing resolution and the FY10 numbers probably well established by the Bush administration, those programs should be good for the next 18 months. Although AIA would have liked to see more NASA funding, "a stable budget is welcomed," she said. "We're at a critical time in space exploration," and Obama will face some critical decisions, Blakey said. NASA is projecting at least a five-year gap in U.S. manned space access between the planned 2010 retirement of the space shuttles and the earliest likely availability of the Constellation replacement system. Obama had indicated during the campaign he would like to see that gap reduced but has not mentioned it in his post-election statements. In addition to its advocacy for aerospace programs, Blakey said AIA also would be offering some recommendations on how to improve the defense acquisition process, which is a key goal of Defense Secretary Gates, whom Obama will keep in place in the upcoming administration. "We think there are efficiencies that can be achieved," and ways to make the budget more stable and predictable -- long-standing goals for the defense industry, she said. * * * * * * * * * * * * * Lauren Weiner Deputy Communications Director Americans United for Change www.bushlegacytour.com 202.470.5870 (o) 202.257.3977 (c) --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the "big campaign" group. 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