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"...President Obama said that he couldn’t guarantee that every item voted by Congress will work exactly as planned. But he warned that doing nothing could not be an option.
He is absolutely right that Congress needs to quickly pass a stimulus bill, and the Republicans who have been blocking action are courting disaster. But a bill that is merely better than nothing won’t be nearly good enough."
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"...When members of the House and Senate sit down this week to craft a final version of their differing bills, they must include the most-effective provisions — those that provide powerful stimulus and help those Americans who are most in need.
There is a decent deal to be had in negotiations. Whether Congress and the administration get there will depend a lot on Mr. Obama’s leadership and his insistence on a better bill."
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"....Odds are unfortunately high that even an $800 billion stimulus package will fall short of what’s needed to combat today’s downturn, and that more will be needed later. When the Obama administration asks for more, it will need to be able to make a compelling case that the first round was the best it could possibly be. It’s certainly not there yet. "
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http://www.nytimes.com/2009/02/10/opinion/10tue1.html?ref=opinion>