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Schieffer: Paulson Pleaded for McCain to Come In to Save Bailout
NewsBusters ^ | Mark Finkelstein

Posted on 09/25/2008 5:13:57 AM PDT by governsleastgovernsbest

So much for a "stunt."

John McCain got involved in the bailout negotiations after Treasury Secretary Henry Paulson told Sen. Lindsey Graham yesterday that the bailout plan would fail unless McCain came in and brought balky Republicans aboard. That's what Bob Schieffer reported on this morning's Early Show. Schieffer account stands in stark contrast with the allegation by Dems like Barney Frank and their MSM cohorts that McCain's moves of yesterday were nothing more than a political "stunt."

Here was Schieffer speaking with the Early Show's Maggie Rodriguez at 7:05 AM EDT today:

BOB SCHIEFFER: I am told, Maggie, that the way McCain got involved in this in the first place, the Treasury Secretary was briefing Republicans in the House yesterday, the Republican conference, asked how many were ready to support the bailout plan. Only four of them held up their hands. Paulson then called, according to my sources, Senator Lindsay Graham, who is very close to John McCain, and told him: you've got to get the people in the McCain campaign, you've got to convince John McCain to give these Republicans some political cover. If you don't do that, this whole bailout plan is going to fail. So that's how, apparently, McCain became involved.

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(Excerpt) Read more at newsbusters.org ...


TOPICS: Business/Economy; Constitution/Conservatism; Politics/Elections
KEYWORDS: bailout; barneyfrank; financialcrisis; henrypaulson; johnmccain; mccainpalin
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1 posted on 09/25/2008 5:13:58 AM PDT by governsleastgovernsbest
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To: Behind Liberal Lines; Miss Marple; an amused spectator; netmilsmom; Diogenesis; MEG33; PGalt; ...

So much for a “stunt” ping to Today show list.


2 posted on 09/25/2008 5:14:46 AM PDT by governsleastgovernsbest (Keeping track of the MSM so you don't have to!)
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To: governsleastgovernsbest

Dick Morris said last night the Repubs would not vote for the bill and McCain was called to work with the Repubs. No doubt McCain was asked to come back.


3 posted on 09/25/2008 5:16:56 AM PDT by Hattie
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To: governsleastgovernsbest

Well it worked. The bill is a done deal. The Dems (Rep. Kanjorski) are on TV this morning saying the bill is written with only some fine tuning left. Then he adds there is no need for the candidates to come back they will only get in the way. They don’t want McCain to get any credit.


4 posted on 09/25/2008 5:19:11 AM PDT by frankjr (Yes, you heard me right.)
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To: governsleastgovernsbest

But, but Obama was “present!” lol


5 posted on 09/25/2008 5:19:15 AM PDT by Slapshot68
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To: governsleastgovernsbest

Okay, so it was a stunt to get conservatives to abandon their principles. No wonder Schieffer is reporting it.


6 posted on 09/25/2008 5:19:21 AM PDT by Gondring (I'll give up my right to die when hell freezes over my dead body!)
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To: Hattie
No doubt McCain was asked to come back.

Who was pleading for Obama to come back? Apparently no one. At least this paints McCain as more of a party leader and more influential.

But I'm still not so sure if the report is accurate.

7 posted on 09/25/2008 5:20:08 AM PDT by randita
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To: governsleastgovernsbest

So McCain rides in to save the day. Small wonder the Dems are flipping out about this.


8 posted on 09/25/2008 5:20:30 AM PDT by Harry Wurzbach
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To: Hattie
No doubt McCain was asked to come back.

Country first!

If this is true, it speaks volumes of the leadership in the democratic controled house and senate. If the dems liked the plan, then, since they have a majority, it makes no difference what the republicans think. There is more to this story since the stated facts don't yet add up.

9 posted on 09/25/2008 5:20:39 AM PDT by mlocher (USA is a sovereign state.)
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To: Harry Wurzbach

What would be better would be if he came back and blew the lid off this whole thing.


10 posted on 09/25/2008 5:21:24 AM PDT by John W (Lord Barry heal the bitter ones)
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To: governsleastgovernsbest; STARWISE; penelopesire; Dog; holdonnow; Miss Didi; Bahbah

WOW!

Amazing! Even though I hate this plan- this is enough to make me smile because it shows DRAMATICALLY what LIARS the liberals and their media cohorts are.


11 posted on 09/25/2008 5:21:46 AM PDT by SE Mom (Proud mom of an Iraq war combat vet)
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To: governsleastgovernsbest
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

---Ludwig Von Mises

Paulson and Bernanke are choosing #2.

The Wisdom of Ludwig Von Mises (a few more pithy on-target quotes.)

12 posted on 09/25/2008 5:24:16 AM PDT by Travis McGee (--- www.EnemiesForeignAndDomestic.com ---)
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To: SE Mom

I agree: this is a huge story, whatever folks think of the bailout itself.


13 posted on 09/25/2008 5:24:22 AM PDT by governsleastgovernsbest (Keeping track of the MSM so you don't have to!)
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To: John W

If he did and the market tanked, then he might as well keep his campaign suspended.


14 posted on 09/25/2008 5:24:42 AM PDT by Harry Wurzbach
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To: Harry Wurzbach

The market is going to tank with or without this plan. Just the timing will be affected-maybe.


15 posted on 09/25/2008 5:25:57 AM PDT by John W (Lord Barry heal the bitter ones)
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To: Travis McGee

We’ve been choosing #2 for quite some time now.


16 posted on 09/25/2008 5:26:02 AM PDT by Harry Wurzbach
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To: All

Schiefer’s reporting was inaccurate - the vote is to be made today - and McCain is going to rally that the people (the government) do not have to use $700 billion of the people’s money to effect the only solution. Gingrich outlined one way, RonPaul has much to say and there are others with more sensible plans (but will not necessarily enrich the guys at the head of this mad scheme in government).

I smell a Soros in all of this. The way to cripple the U.S. government is to have it in the money lending business (a schema Soros knows well) - only to have it fail - while the people in charge make and take millions, and then turn to the people to pay the debt in order to help the poor and disenfranchised of the nation.

Sound like a Soros solution???? Right down Obama and the Democrat’s alley - just a back door to making money off the poor.

Charles Dickens would have a blast writing this one into a Tale of a Nation Interrupted!!!


17 posted on 09/25/2008 5:27:24 AM PDT by imintrouble
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To: frankjr
Yup. Futures headed north as he spoke. CNBC talkers are ecstatic.
18 posted on 09/25/2008 5:27:41 AM PDT by shove_it (and have a nice day)
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To: governsleastgovernsbest

My question is who told who, that McCain must be asked to come and save the plan?

Was it Paulson telling Lindsay Graham, or was it Lindsay telling Paulson?


19 posted on 09/25/2008 5:28:34 AM PDT by Coldwater Creek ("Read my lipstick")
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To: governsleastgovernsbest
Bob Schieffer is an idiot partisan liar. I remember his glee when Dan Rather started reporting the Bush AWOL story Mary Mapes made up.

But the concept that the leader of the Republican party (our presidential nominee) was needed in Washington to lead the Republican party through the next 4 days - is plausible.
Especially since the democrats (whose quarterback has said “Call me if you need me”) punted the ball to the GOP in the first quarter.

20 posted on 09/25/2008 5:29:39 AM PDT by silverleaf (Fasten your seat belts- it's going to be a BUMPY ride.)
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