Posted on 09/25/2008 8:58:45 PM PDT by FreeManWhoCan
A high-profile White House meeting on Treasury’s $700 billion Wall Street rescue plan ended on a sour, contentious note Thursday after animated exchanges among lawmakers laced with presidential politics just weeks before the November elections.
Treasury Secretary Henry Paulson came up to the Capitol hours later to revive talks, but House Republicans did not participate, and Democrats warned that the whole process could collapse unless President Bush gets them to come to the table.
“Unless this fourth leg shows up at some point, this could fall off very quickly,” said Senate Banking Committee Chairman Christopher Dodd (D-Conn.).
At the White House, in fact, House Minority Leader John Boehner had bluntly warned about the lack of Republican support for the massive government intervention: “I can’t invent votes,” Boehner said. But House Financial Services Committee Chairman Barney Frank (D-Mass.) angrily accused the minority of trying to undercut Paulson by crafting a late-breaking alternative proposal—with the tacit support, Frank said, of Republican presidential candidate John McCain.
Both McCain and his Democratic rival, Sen. Barack Obama, would leave the White House without comment, and the meeting was described as among the wildest in memory. A beleaguered President Bush had to struggle to maintain order and reassert himself. And when Democrats left to caucus in the Roosevelt Room, Paulson pursued them, begging that they not “blow up” the legislation.
The former Goldman Sachs CEO even went down on one knee as if genuflecting, to which Speaker Nancy Pelosi (D-Cal.) is said to have joked, “I didn’t know you were Catholic.”
(Excerpt) Read more at politico.com ...
This can only make sense to a liberal. The Dems control the House and Senate. They do not need the repubs to pass this bill. Buck up boys! Pass that trash. MAKE MY DAY!
“Unless this fourth leg shows up at some point, this could fall off very quickly,” said Senate Banking Committee Chairman Christopher Dodd (D-Conn.).”
Hey Dodd; Pelosi can pass anything she wants in the house if democrats are on board. They just want cover.
Hate to be tacky but pic of Nancy on Drudge is horrible. Her face looks like one of the walls in my house which I’m planning to replaster because of all of the cracks. cover
Paulson’s on bended knee to Pelosi?? Are you kidding me? Resign now or be fired I say....
UGhhh that’s not a good sign....When a guy has to beg that means he’s out of options!! (I should know) LOL ..Just Kidding
well my lehman brothers stock went from 17 cents a share to 35 cents a share. I mean I’m really glad I just bought the stock two days ago I mean if I’d bought the stock a year ago I’d be furious but I made a few dollars.
No, I think we need to go old school, tar and feather the bastard and run him out on an Amtrak line.
Actually, the Republicans can filibuster. And should, at thee very least through election day.
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