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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Obama says stimulus plan will suit both Republicans, Democrats AFP - Tuesday, February 3 Washington (AFP) - - US President Barack Obama vowed that Republicans will have a chance to put their imprint on his economic revival package, as he continues to seek bipartisan support in Congress for the bill. ADVERTISEMENT "I've done extraordinary outreach I think to Republicans because they had some good ideas. And I want to make sure that those ideas are incorporated," he told NBC television late Sunday, after weeks of courting GOP support. "I am confident that by the time we actually have the final package on the floor that we are going to see substantial support," Obama said. His remarks came as the Senate prepared to debate the 819-billion-dollar stimulus bill Monday, after the House of Representatives last week passed the legislation without a single Republican vote in support. Republicans complained that Democrats, who control both chambers of Congress, have allowed little opportunity for members of the opposition to contribute to drafting the economic rescue bill. Obama has been working hard to avoid a result in the Senate like that in the House. Republican Senate leaders said they would use parliamentary tactics to stall the stimulus without a root-and-branch review of its mix of tax cuts and spending. A key Republican demand is to refocus the stimulus package away from a spending spree on infrastructure and social safety nets, and towards attacking the root cause of the financial crisis: the US property market slump. The Republicans will introduce a plan to enable homeowners to refinance their mortgages at a low interest rate of about four percent, Senator John Ensign said on CNN. "If you combine that with properly targeted tax cuts, we can really get this economy going instead of doing a massive spending bill that just fulfills the last 10 years of Democrat priorities," the Nevada Republican said. Jon Kyl, the Republicans' second-ranking senator, has called for Obama and his Senate allies to "start from scratch" on the stimulus bill. Obama has stepped up his lobbying for the bill, hosting various events at which Republicans figures prominently on the guest list, including a Super Bowl party Saturday with the guest list culled from congressional ranks. votes He said that the bill likely will lose many, if not all of the non-essential provisions that Republicans have objected to. "People are going to say this is a serious effort," he said. "We're going to be trimming up things that are not relevant to putting people back to work right now." Negotiations on the bill were held through the weekend, and Obama has scheduled a new round of talks with congressional leaders Monday evening at the White House. "I think we're going to be in for a tough several months. We've got to get this economic recovery plan passed. We've got to start putting people back to work," the Democrat said. Last week dire figures showed the US economy shrank by nearly four percent in the last quarter of 2008, its sharpest decline since 1982. Obama said over the weekend that Treasury Secretary Tim Geithner would soon announce measures to free up credit for businesses and homeowners -- but has stressed that such measures will come in a separate bailout for the banking industry. Democratic senators, while reinforcing the message that speed is of the essence, said they were open to Republican ideas. But New York Senator Charles Schumer said on CBS: "I'd rather have a really good bill that helps our economy get out of this mess, with 65 votes, than dilute the bill and get 80 votes." Obama suggested that Republicans' opposition in the House last week appeared designed to underscore their displeasure. "Obviously the House Republicans wanted to make a statement," he said. "But the thing I want all of them to remember, and the thing I'm thinking about every single day is the thousands of people who are being laid off of their jobs right now. "They can't afford politics as usual," Obama said. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo Man looks for work in Miami. US President Barack Obama has vowed that Republicans will have a chance to put their imprint on his economic revival package, as he continues to seek bipartisan support in Congress for the bill. 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