President Obama welcomed Governors to Washington and today proposes limiting how much health insurers can hike rates.
Just last year he said, "As millions of Americans lost their coverage, the five largest insurers made record profits of over $12 billion."
The President will try to revive his reform push at a health care summit Thursday.
Republicans are skeptical.
Indiana Representative Mike Pence said, "The Democrats spell summit S-E-T-U-P. And all this is going to be is some media event used as a preamble to shove through 'Obamacare 2-point-0.'"
Governors urge compromise as State budgets are crumbling.
California Governor Arnold Schwarzenegger said, "If you really want to serve the people and not just your party, I think you will find that sweet spot and you can get it done."
Also this week the Senate takes up a jobs bill:15 billion new dollars as debate rages over what last year's stimulus has done.
Michigan Governor Jennifer Granholm said, "It hasn't fixed the problem, and nobody's going to say that. But it has certainly slowed the trajectory of job loss."
While Minnesota Governor Tim Pawlenty said, "It was an incoherent, largely a waste of money that's now sustaining government."
And lawmakers this week hold hearings on Toyota's recall of more than eight million cars.
In internal documents from July, Toyota boasted that with the government it worked out a limited recall of floor mats, saving the company one hundred million dollars.
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