Posted on 01/09/2009 2:53:17 PM PST by MaestroLC
Senior Bush administration officials are preparing to ask lawmakers for the second half of the $700 billion financial rescue package despite intense opposition in Congress and then have President Bush use his veto if the request is voted down, three sources familiar with the matter said.
The initiative, which is being coordinated with the Obama transition team, may be taken within days, the sources said, speaking on condition of anonymity because no announcement has been made.
Democratic Senate aides were notified in a meeting this afternoon that the request could come as soon as this weekend and that a vote could be held as soon as next week, congressional sources said.
Under the emergency rescue legislation approved by Congress in October, the administration must inform lawmakers that it wants access to the second installment of $350 billion. Congress would have 15 days to reject the request before Treasury can begin to tap the funds.
The plan now being crafted by the Bush administration is not finalized. By unsheathing the veto threat, the Bush administration could make it more likely that the Obama administration would get the rest of the rescue funds. Only if Congress overrides the veto would the money be blocked. A congressional source said advocates of the plan are now exploring whether there are enough votes in the Senate to override a veto.
(Excerpt) Read more at washingtonpost.com ...
WTF is wrong with him? He is really pissing me off. He’s a RINO and we never knew it until the last couple of years. I bet the Dems love him now. He’s on of them.
Yes it’s too late to impeach this incredible simpleton. Sheesh, what a maroon.
There is really almost no way this next jerk cannot look better, even if he sleeps for the next four years. Hey, not a bad idea.
Bush is a seriously stupid individual.
Keep printing that money, George.
If I were a member of Congerss, I would tell Bush to shove it.
Handing over a multi-billion dollar education bill to Ted Kennedy didn’t do it for you?
Maybe the idiot should find out what happened to the first half of the money that hasn’t fixed anything, before asking for more.
>>How are Republicans ever going to stand up and argue for fiscal restraint and smaller government
The mouth is not the only orifice.
They cannot. They do on TV and one just has to marvel at the way politicians lie and prevaricate.
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