Obama says he’ll listen to GOP on economic revival

? President Barack Obama sought to dampen Republicans’ complaints about the Democrats’ massive economic revival package Friday with an offer to listen carefully to their ideas, too. But he gave no guarantees he’d accept any — and made a point of reminding them who won the November election.

Obama promised to meet with congressional Republicans on their turf early next week after they and Democratic leaders thrashed out emergency tax-and-spending plans to revive the failing economy in a get-together at the White House on Friday. The House could vote on the $825 billion proposal the Democrats have worked out with Obama soon after the meeting at the Capitol.

With Democrats controlling the House, Senate and White House — and some economists calling for even more spending to stimulate the economy — it was far from certain the Republicans would be able to achieve any of their goals, which center on less spending and more tax cuts. Obama said Congress appears on target to have a bill at his desk by mid-February, and no Republican leaders disagreed.

At one point in Friday’s meeting in the White House’s Roosevelt Room, GOP Sen. Jon Kyl of Arizona objected to a proposal to increase benefits for low-income workers who do not owe federal income taxes.

Obama replied in a friendly but firm way that an election had been held in November, “and I won. I will trump you on that,” according to several people briefed by participants who took notes.

Later, White House press secretary Robert Gibbs declared it too early to say whether Obama would be disappointed if the stimulus legislation passed with little or no Republican support. Already, key elements of the bill have been approved by a House committee with no Republican backing.

Obama associated himself Friday with the House version of the bill. Under it, workers making $75,000 per year or less would receive a $500 tax credit. Couples with incomes up to $150,000 a year would receive a $1,000 credit.

The bill also would boost the earned income tax credit for low-income workers and devote billions of dollars to help pay for college, to build roads and other structures, and to invest in alternative fuels and other longer-range projects that may not immediately stimulate the economy.

Before his meeting with the congressional leaders started, Obama acknowledged that the bill’s $825 billion price tag is hard for some conservatives and deficit hawks to swallow.

“I know that it is a heavy lift to do something as substantial as we’re doing right now,” he said. “I recognize that there are still some differences around the table and between the administration and members of Congress about particular details on the plan. But I think what unifies this group is a recognition that we are experiencing an unprecedented, perhaps, economic crisis that has to be dealt with.”