Both Obama and Congressional leaders are intent on keeping the price tag below the politically charged figure of $1 trillion. In the emerging Obama plan, such items will include $140 billion to $200 billion in relief to states to offset their budget-busting costs for Medicaid and education; extension of unemployment compensation for former full-time workers, which runs out in March; and billions of dollars for construction projects that Obama has called “shovel ready.”
But Obama has also said his recovery plan must make down-payments on his campaign promises for permanent changes that will reshape the economy, especially for the good of low-wage and middle-class workers.
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