"Obama vowed in his opening remarks to take 'action quickly' on passing an economic recovery plan that will create 2.5 million jobs, 'put tax cuts into the pockets of hard-pressed middle-class families,' and make a 'down payment' on infrastructure investments such as for highways that are needed to create economic strength in the future.
The Obama transition team is working with congressional leaders to craft a $500 billion stimulus package for the economy. The governors have signaled they'd like an estimated $176 billion of that to go to infrastructure improvements and state Medicaid programs. During the meeting, however, they did not talk about specific dollar amounts, said [Gov. Edward] Rendell, who is president of the governors' association.
'We didn't come here begging for help,' he said. 'We came here to enter into a discussion of what's the best way for us as states, working with the federal government in a partnership, to help this country turn around this economic dilemma.'
He added, 'There are certain things that we have more experience with – [like] infrastructure – that nobody else does.'"