Obama and Governors Work Side-by-Side

President-elect Barack Obama and Vice President-elect Joe Biden met with the nation's governors at the National Governor's Association meeting today to discuss a new economic plan.

Governors are asking Obama for federal assistance to pull their states out of this recession. Lucky for them, Obama is on the same page and wants the governors to help draft the nation's new economic plan.

The President-elect said the money will be well spent if we listen to the governors and the recovery process will be quicker.

"All of you are going to be extraordinarily important in keeping us on track--not allowing Joe and myself to get affected with 'Washingtonitus,'" said Obama.

And how do the governors want to spend this money? Well for $136 billion, they can get started on "ready-to-go" projects like fixing roads, building bridges and new water and sewer projects. On top of that, they are asking for another $40 billion for Medicaid programs.

Most governors agree this is the best way to recharge our nation's economy, but a few governor's are not on board. Mark Sanford of South Carolina and Rick Perry of Texas said a plan like this is going to create more debt than we know what to do with.

"The federal government is not only burying future generations under mountains of debt. It is also taking our country in a very dangerous direction -- toward a 'bailout mentality' where we look to government rather than ourselves for solutions."

Regardless of how the money will be spent, Obama and his team will push for a $500 billion stimulus package when he takes over the White House in January.