Posted on 09/26/2008 11:59:42 AM PDT by dlt
President Bush and Republican presidential hopeful Sen. John McCain pleaded with GOP members of the House to end their party rebellion and quickly approve a Wall Street bailout plan.
(Excerpt) Read more at abcnews.go.com ...
Look at the article. Its ABC news, folks. Of course they are going to spin it. I just saw the Senator from Virginia who said they are still working on it. It is going to be a compromise. The Senator said the dems can pass their bill anytime they want to. It is not going to be the free money for all bill that the dems wanted. But it won’t be the let them get out of their own mess bill that we want. It will be somewhere in between. FRiends, the alphabet news networks want to turn us against John McCain. Please don’t let them depress you.
TY xcamel for seeing the same as I.... this thread needs to be pulled or retitled under ORIGINAL title.
1. Cut the Paulsen money bailout by half of the current amount.
2. Enact most if not all of the Republicans bailout alternative.
McCain has a great opportunity to hear House Republicans and realize a “work-out” approach is more than American way than a “bail-out” approach.
I can only hope this is a lying attempt by ABC to link up Bush/McCain as four more years of the same.
If McCain sides with Obama and the Democrats after postponing his campaign, then its going to really threaten a case of losing the election and losing the country...rather than lose the election to save the country.
Check the final bill to see if it conforms with McCain's "five principles".
Pay special attention to the words in boldface!!
First, there must be greater accountability included in the bill. I have suggested a bipartisan board to provide oversight for the rescue.
Second, as a part of that oversight, there must be a path for taxpayers to recover the money that is put into this fund. One trillion dollars is an unprecedented sum. We are talking about ten thousand dollars per household, and that money cannot simply go into a black hole of bad debt with no means of recovering any of the funds.
Third, there must be complete transparency in the review of this legislation and in the implementation of any legislation. This cannot be cobbled together behind closed doors. The American people have the right to know which businesses will be helped, what that selection will be based on and how much that help will cost. All the details should all be made available online and elsewhere for open public scrutiny.
Fourth, no Wall Street executives should profit from taxpayer dollars. It is wrong to ask teachers and farmers and small business owners to fill the gas tanks of the helicopters of Wall Street tycoons. The senior leaders of any firm that is bailed out should not be making more than the highest paid government official.
Fifth and finally, it is completely unacceptable for any kind of earmarks to be included in this bill. It would be outrageous for legislators and lobbyists to pack this rescue plan with taxpayer money for favored companies. This simply cannot happen.
Do not watch! We will tell you want you need to know!
Makes it really interesting as to what McCain slaps 0bama with tonight.
CNN just reported that the negoiations have just now begun....with the rep for the House Republicans..Roy Blunt.
Nothing has been decided yet.
I have not seen or heard anything to support the article. In fact just the opposite. At this point in time I will have to call the article BS.
Besides being marginally more honest, I don't see much difference between the two.
McCain said, clearly, he didn't support the plan as it ws and said it wouldn't pass as is. Thus, it's entirely possible that certain elemnts have changed - but I don't trust ABC.
Exactly, Jakey and ABC is trying to BREAK the REP support for McCain by Peddling LIES.
Just look at the misquotes and trashing of Palin !
quote from abcnews.
“There are disagreements over aspects of the rescue plan, but there is no disagreement that something substantial must be done,” he said.
That sounds to me like they are spinning his statement to suit themselvs.
Mr. President, and Mr. McCain are spinning the media like a $2 whore today.
Other than McCain saying “we need a deal,” (which can be construed anyway you want & isn’t new news) this looks like
Tapper is just recapping events.
This is a lie.
McCain has said repeatedly that the current plan is not good for taxpayers.
It seems like FR spends half their time bemoaning the MSM lies and bias and then treat their every utterance as gospel.
Now here’s why headlines are absurd.
The comments from McCain and Bush are about two sentences long. The first are the ones Bush made publicly at the White House this morning- it’s hard- big plan- lots of ideas- we’ll get it done.
McCain’s? “We need a deal”
That is enough for an hysterical headline?
That’s they way the media sucks us in- a headline. how often do we READ the article before pouncing in equal hysteria?
Breathe in.......breathe out...
My gut tells me McCain is working on a compromise plan. Something that addresses the Republicans’ concerns, but doesn’t totally throw out the Bush/Democrat plan.
McCain has a history of being willing to compromise to get things done. To us on the right it can sound like fingernails on a chalkboard, but to swing voters it just seems like a reasonable response.
Before anyone goes ballistic about this approach, remember one of Ronald Reagan’s great quotes: “Half a loaf is better than no loaf at all”.
Original title should be used.
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