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Obama open to larger economic recovery plan
Daily Kos — From MSNBC.com: Obama says stimulus proposal could grow President-elect Barack Obama confirmed to CNBC Thursday that he plans to lay out a roughly $775 billion economic stimulus plan but indicated that the amount could grow once it gets taken up by Congress. "We've seen ranges from $800 (billion) to $1.3 trillion," he said in an exclusive interview with CNBC's chief Washington correspondent John Harwood. "And our attitude was that given the legislative process, if we start towards the low end of that, we'll see how it ...

Start Small and Build?
Talking Points Memo — A bit counter-intuitive. But okay ... From John Harwood's CNBC interview with Obama ... President-elect Barack Obama confirmed to CNBC Thursday that he plans to lay out a roughly $775 billion economic stimulus plan but indicated that the amount could grow once it gets taken up by Congress. "We've seen ranges from $800 (billion) to $1.3 trillion," he said in an exclusive interview with CNBC's chief Washington correspondent John Harwood. "And our attitude was that given the legislative process, if we start towards the low end of that, we'll see how ...

Election Central Morning Roundup
TPM Election Central — ... Barack Obama told CNBC that his stimulus package potentially could grow well beyond its initial target of $775 billion. "We've seen ranges from $800 (billion) to $1.3 trillion," said Obama. "And our attitude was that given the legislative process, if we start towards the low end of that, we'll see how it develops." ...

Obama Getting Serious About Financial Re-Regulation
TPMMuckraker — We've heard talk from various quarters in recent weeks about the pressing need to re-regulate the financial markets, in response to the SEC's failure in the Bernard Madoff case, and to the broader financial crisis. And in his interview yesterday with CNBC, Barack Obama added a bit more detail to the picture of what we can expect, and when. Perhaps most importantly, he suggested that the overlapping "alphabet soup" of financial regulatory agencies -- the SEC, the FDIC, the OTS, and so on -- might be combined into one super-regulator. He ...

Hullabaloo — ... this morning, and I thought he laid out the scope of the problem and the consequences of inaction pretty well. He also cited the source of the crisis - "profound irresponsibility" and the final judgment on failed laissez-faire policies. And he's signaled that he's perfectly willing to let the package's total grow as it makes its way through Congress. You can read the whole speech ...