OH SH**! It sounds like the Republicans have caved!
“....Well, I am not buying it, and neither are many of the nation’s leading economists. If some sort of government intervention is needed to fix the mess created by the government failures I talked about earlier, we need to get it right. Congress owes it to the American people to slow down and think this through. We need to know that whatever we do is going to fix the problem, protect the taxpayers, not reward those who made bad decisions, and make sure this does not happen again. But we can not do that in one week as we are all trying to rush home. Congress needs to take this seriously and stay here until we find the right solution, not just throw 700 billion dollars at Wall Street as we walk out the door.
Now, Mr. President, before I yield the floor, I ask unanimous consent that the two letters I mentioned from economists opposing the bill, along with an article from the New York Times from 1999 about the Clinton Administration pushing Fannie Mae and Freddie Mac into risky loans, be printed in the record following my remarks...”
Doesn’t sound like they caved to me.
Where did you see the pubs caved?
Not necessarily. It sounds like the rats decided it might look better for them to pass this w/o support from the GOP. We'll see. I hope like hell we stick to our guns.
I don’t buy that and I see it as just the opposite.
I called my GOP Congressman’s office (Todd Platts). His aid said that he hadn’t yet decided what to do. I told him that no Republican should vote for any bailout, unless they wanted to give cover to the guilty Democrats.