The stimulus package -- I know the state was strapped with its commitment and what it had to with those monies.

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Additionally, when we were considering the stimulus package in early 2008, I proposed to Mr. Paulson that in addition to raising the jumbo loan limits for Fannie Mae and Freddie Mac, we include the GSE reform that the House had passed.

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"When the stimulus package came up for a vote, I felt that it was indispensable to vote 'aye' in order to avoid the possibility of a 1929-type depression, " Specter said Tuesday.

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At first it seemed like my faith was well-placed: within the first few months of his presidency, Obama led the way on economic policy I believed in, from the stimulus package to bailing out the auto companies.

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As I said, the one concern I've got on the stimulus package in terms of the debate and listening to some of what's been said in Congress is that there seems to be a set of folks who -- I don't doubt their sincerity -- who just believe that we should do nothing.

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And I believe we can address those with a good economic-stimulus package.

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Even if I were to buy into the Keynesian stimulus logic, everything in this package is so under-scale as to be rounding errors on the larger economy.

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And so when I hear people just saying, oh, we don't need to do anything, this is a spending bill, not a stimulus bill -- without acknowledging that by definition, part of any stimulus package would include spending -- that's the point -- then what I get a sense of is that there's some ideological blockage there that needs to be cleared up.

WHITEHOUSE: Presidential Press Conference

"I hope we can work together to, frankly, be a real stimulus package and not just a spending package that has every cat and dog and pet project that people have, " he said.

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