Steny Hoyer pen and pad session

House Majority Leader Steny Hoyer repeatedly stressed a desire for bipartisan cooperation at a Capitol briefing.
The first item on his agenda is the Recovery and Reinvestment act. He confirmed that this the deepest recession in 70 years.
Mark Zandy, chief economist and cofounder of Moody’s Economy.com, was McCain’s financial adviser. This is important, Hoyer said, because Zandy recently described the proposed package as large enough to provide a real stimulus, but not so large as to drive interest rates up. “In other words, it’s just about right,” Hoyer said. The net effect may be enough to stop the downward slide, though the recovery is going to be a protracted process, Hoyer said. Only diligent, consistent government action can make a long-term improvement in the nation’s financial health, he said.
Hoyer said that the concurrence of McCain’s and Obama’s top advisers should encourage bipartisan support of the bill. He noted that the Democratic Congress had worked with Former President Bush on TARP in a way Republicans did not.