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Slate News

Where Are the Checks?

Slate News

Slate Podcasts

Politics, News, News Commentary

4.56K Ratings

🗓️ 3 February 2021

⏱️ 25 minutes

🧾️ Download transcript

Summary

This week, Senate Republicans offered President Biden a stimulus deal one-third the size of the administration’s plan. With a compromise looking less likely, Democrats might have to resort to reconciliation to get it passed - a process fraught with headaches. 

Guest: Jordan Weissmann, Slate’s senior business and economics correspondent. 

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Transcript

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0:00.0

If I had to use one word to describe Jordan Weissman's take on Joe Biden's $1.9 trillion

0:11.0

stimulus package, the word I'd use is giddy.

0:15.0

Yeah, I mean, there's a lot.

0:17.0

It's, it's, you know, it's the turkey and all the trimmings.

0:24.5

Jordan covers the economy for Slate.

0:27.0

He's been pushing Democrats to consider some of the more progressive measures bundled into this legislation, like a higher minimum wage, for months at this point.

0:40.5

And he's giddy, not just because of what's in this proposed bill, but because it seems like some version of it actually might pass.

0:47.4

Is the palpable shift the Democrats just seem to be kind of feeling themselves right now?

0:52.8

A little bit, yeah.

0:57.0

It's pretty easy to feel good when you're the party in power.

1:00.9

But it's also an adjustment.

1:03.2

Watching Washington debate this stimulus,

1:05.4

it's a little like watching dancers

1:07.4

trying to remember the choreography of bipartisanship, a little stilted, a little formal.

1:14.9

A group of ten Republicans sent President Biden a letter with their counteroffer to his

1:19.8

legislation. And within a day, Biden issued an invitation to the group. They masked up and joined

1:26.2

him in the Oval Office. And he was sort of like,

1:29.8

eh, I think they came out and they said we had a frank and cordial conversation, which is kind of,

1:35.7

that's actually a contradiction in DC euphemisms, right? Usually when you have a frank conversation,

1:40.4

it's not cordial. And if you have a cordial conversation, it's a little icy, but it's not very

1:43.8

frank. Frank and cordial was an interesting combo. But it seems that Biden told them that he didn't really feel like compromising significantly on the size of a bill that he thought was necessary to take care of the country's needs.

2:01.3

Today on the show, President Biden might not be ready to compromise with Republicans.

...

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