Obama Recognizes Problems With Stimulus Bill

Amanda Carpenter | February 07, 2009 5:26 PM

President Obama doesn't want the staggering price tag on the stimulus bill that's been stuffed with pork-barrel projects to stop Congress from passing it quickly.

"Legislation of such magnitude deserves the scrutiny that it's received over the last month, and it will receive more in the days to come," Obama said in his weeklyaddress. "But we can't afford to make perfect the enemy of the absolutely necessary. The scale and scope of this plan is right. And the time for action is now."

He reminded the GOP, for the second time in a week, he has a healthy amount of political capital to use.

"That was, after all, what last November's election was all about," he said.