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Old 09-25-2008, 07:23 PM  
banyon banyon is offline
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Bailout talks close, then McCain arrives and now they've stalled

McCain: gets things undone.


Blame Game Begins as Bailout Proposal Fizzles
Susan Davis reports on Congress.
http://blogs.wsj.com/washwire/2008/0...posal-fizzles/



President Bush, second from right, meets with John McCain, far left, and Barack Obama, far right, and congressional leaders in the Cabinet Room of the White House on Thursday. (AP)


Congressional Democratic leaders wasted no time pointing the blame at House Republicans and in particular Republican presidential candidate John McCain after a tentative deal on the $700 billion financial sector bailout proposal blew up following an afternoon meeting at the White House.

“I would suggest that anyone in that meeting who tried to understand what John McCain said at that meeting, couldn’t,” Senate Majority Leader Harry Reid of Nevada told reporters Thursday evening.

McCain suspended his campaign to return to Washington D.C. to take part in negotiations on the bailout. Barack Obama also returned after President Bush requested he attend today’s meeting. Reid suggested McCain’s return injected politics in to the negotiations. McCain was the last one to speak at the White House meeting, Reid said, and he “didn’t say anything substantive.”

“John McCain did nothing to help, he only hurt the process,” Reid said, further chastising McCain for calling for a delay in Friday’s presidential debate in Mississippi. “We should not let this little effort to avoid participating in the debates sidetrack this most important issue,” Reid said.

Growing resistance among House Republicans played a greater role in stalling negotiations, as a faction of GOP lawmakers released principles for a competing bailout proposal as it became increasingly clear that the tentative agreement did not have broad support in the House Republican Conference. One House Republican aide estimated that no more than 45 House Republicans would support the current proposal.

Key negotiators expressed surprise at the counter proposal. Reid said he was “stunned” by House Minority Leader John Boehner of Ohio who had previously expressed his support for passing a bipartisan plan.

House Speaker Nancy Pelosi has said she does not want to bring a bill to the floor without a significant number of House Republicans on board. Democrats are not keen to take political ownership of a Bush administration proposal less than six weeks before Election Day.

“If it’s going to pass, it needs to be bipartisan,” House Majority Leader Steny Hoyer of Maryland told reporters, adding that he has “confidence” that Boehner is working to that end. “I hope that his Conference will cooperate in that effort.” Hoyer declined to say how many House Republicans would have to be on board for Democrats to bring the measure to the floor.

Reid said negotiations will begin again at 8:00pm/ET tonight. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke were headed back to Capitol Hill to meet with lawmakers. Reid said he asked Paulson to “do what he can” to get House Republicans on board.

“It’s all very fuzzy to us, we don’t know where we are,” House Financial Services Committee Chairman Barney Frank told reporters on the status of negotiations. Frank also suggested McCain’s return to Capitol Hill hurt negotiations.

“Sen. McCain has not been involved in this,” Frank said, noting the Arizona senator does not sit on any committees of jurisdiction and did not take place in earlier negotiations. “I think this was a campaign ploy by Sen. McCain,” he said, “He slowed it down. I don’t know if he caused it or what.” Echoing Reid, Frank said McCain should participate in Friday’s presidential debate, adding that if he doesn’t it’s “only because he doesn’t want to.”

UPDATE: “As far as I know Sen. McCain has not endorsed this plan. This is not a product of his campaign,” Virginia Republican Rep. Eric Cantor told reporters tonight. Cantor is leading the coalition of House Republicans who devised the competing plan with the consent of Boehner; he took issue with characterizations that Republicans surprised negotiators with their proposal.

“We’ve been talking about this plan for at least two days,” he said. Cantor defended McCain’s decision to return to Washington for “trying to affect the change needed” to get a bill done. “I applaud him in coming back and making sure that as a senator he is here to do that,” he said.
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Old 09-25-2008, 08:00 PM   #31
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Originally Posted by memyselfI View Post
They DID rush to his side. Look who he has arguing FOR it right now. Barney Frank, Chris Dodd, Nancy Pelosi, Harry Reid.

How many prominent CONS do you see doing his bidding???

They are pouting because the plan they supported is being stalled and we are depriving Wall Street 700 billion dollars.
Er Paulson, Boehner, McConnell?
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Old 09-25-2008, 08:02 PM   #32
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Er Paulson, Boehner, McConnell?
Boehner is not. He's been saying there was no deal. He's trying to offer an alternative and Paulson said it wouldn't work without even hearing many details. The moron, Stenny Hoyer was on TV saying that Congress would have to work thru the weekend to make sure the bill passes.

The DEMS are on the WRONG side of this and they are too stupid to notice.
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Old 09-25-2008, 08:05 PM   #33
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Originally Posted by Laz View Post
we just don't know yet

i'm not that thrilled with this 700 billion dollar bail job

if McCain isn't either then i'm ok with that


now if he is looking for more corp welfare or is playing politics with this problem then he should be kicked repeatedly in the groin.


laz
~waiting for more info~

I am on record as being wholly against the bailout. However, when presented with the opportunity to reform Wall Street, what did McCain do?

He proposed more corporate tax breaks, and no capital gains taxes.

He just set himself to get flogged by Obama.

He tried to play hero and everyone is seeing through it. 75% of people think McCain should go to the debate. 75%. That includes independents and Republicans.

Now, McCain either gives Obama 90 minutes of free national air time, or he goes back on his own pledge not to attend the debates. He just took a 12 gauge to his foot.
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Old 09-25-2008, 08:07 PM   #34
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Quote:
Originally Posted by 'Hamas' Jenkins View Post
I am on record as being wholly against the bailout. However, when presented with the opportunity to reform Wall Street, what did McCain do?

He proposed more corporate tax breaks, and no capital gains taxes.

He just set himself to get flogged by Obama.

He tried to play hero and everyone is seeing through it. 75% of people think McCain should go to the debate. 75%. That includes independents and Republicans.

Now, McCain either gives Obama 90 minutes of free national air time, or he goes back on his own pledge not to attend the debates. He just took a 12 gauge to his foot.
Where are you getting that he's proposed more tax breaks and no capital gains. I heard he didn't show his cards today and neither side has any idea where he's going...

of course, one side DOES know.
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Old 09-25-2008, 08:08 PM   #35
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Originally Posted by memyselfI View Post
Where are you getting that he's proposed more tax breaks and no capital gains. I heard he didn't show his cards today and neither side has any idea where he's going...

of course, one side DOES know.
Perhaps the third mother****ing post of this very thread?
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Old 09-25-2008, 08:08 PM   #36
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Wow! McCain is doing something good slowing it down.
Reid and Franks sound like tards!
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Old 09-25-2008, 08:09 PM   #37
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Originally Posted by memyselfI View Post
Boehner is not. He's been saying there was no deal. He's trying to offer an alternative and Paulson said it wouldn't work.
No. Boehner has said that we need to work as quickly as posible to resolve this. He appears to have changed his mind only as McCain arrived.

http://a.abcnews.com/Video/playerIndex?id=5849818
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Old 09-25-2008, 08:10 PM   #38
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The DEMS are now in a position to be fighting DUHbya's battles against renegade and rebel Republicans and John McCain.


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Old 09-25-2008, 08:10 PM   #39
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Wow! McCain is doing something good slowing it down.
Reid and Franks sound like tards!

The Democrats are not supporting this without the Republicans on board.
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Old 09-25-2008, 08:11 PM   #40
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Originally Posted by memyselfI View Post
Boehner is not. He's been saying there was no deal. He's trying to offer an alternative and Paulson said it wouldn't work without even hearing many details. The moron, Stenny Hoyer was on TV saying that Congress would have to work thru the weekend to make sure the bill passes.

The DEMS are on the WRONG side of this and they are too stupid to notice.
They should be on the "cut capital gains and corporate tax rates" side?

Maybe they should just staple giant "R"'s to their chests too in the name of compromise?
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Old 09-25-2008, 08:11 PM   #41
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Originally Posted by banyon View Post
...

UPDATE: CBS News reports that McCain's alternative proposal includes "fewer regulations and corporate tax breaks":
McCain is committing political suicide, if this is true. Talking about blowback, he will lose as many voters as he gained with the Palin political move if true.
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Old 09-25-2008, 08:12 PM   #42
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Originally Posted by banyon View Post
No. Boehner has said that we need to work as quickly as posible to resolve this. He appears to have changed his mind only as McCain arrived.

http://a.abcnews.com/Video/playerIndex?id=5849818
CNN reported the House Republicans have been trying to introduce other proposals and getting nowhere. McCain shows up and now they are being heard. NONE of these proposals were HIS but rather House Republicans.

NObama is now going to be in a position to vigorously fight FOR DUHBya's plan or JOIN McCain in stalling it and looking for alternatives.
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Old 09-25-2008, 08:13 PM   #43
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The Democrats are not supporting this without the Republicans on board.
The Republicans aren't out there tonight that they are being delayed in sending Wall Street a check.
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Old 09-25-2008, 08:13 PM   #44
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Quote:
Originally Posted by memyselfI View Post
CNN reported the House Republicans have been trying to introduce other proposals and getting nowhere. McCain shows up and now they are being heard.

NObama is now going to be in a position to vigorously fight FOR DUHBya's plan or JOIN McCain in stalling it and looking for alternatives.
You have zero understanding of what's going on.
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Old 09-25-2008, 08:14 PM   #45
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This thread would be a half interesting read if it wasn't half full with Dense's half-baked, wholly biased "analysis."
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