Posted on 09/25/2008 4:40:18 PM PDT by Zakeet
After days of intense bipartisan negotiations and meetings today at the White House, the deal to bail out staggered investment banks may be dying amid partisan finger-pointing.
Republicans blame Democrats. Democrats blame Republicans, and a key Democrat even pointed a finger at Republican presidential nominee Sen. John McCain.
House Financial Services Chairman Barney Frank, D-Mass., told Democratic colleagues that McCain's sudden heightened involvement in the negotiations has destroyed chance of an agreement, sources told ABC's George Stephanopoulos.
Frank compared McCain's involvement to "Richard Nixon blowing up the Vietnam peace talks in 1968."
(Excerpt) Read more at abcnews.go.com ...
So are they still working or are they done for the night?
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If some deal isn’t reached and the market goes way down, John McCain will lose in Nov.
People will be getting their 401K reports next month, about 2 weeks before the election.
They aren’t going to be happy with McCain is he gets the blame for this.
How do we go nuclear on Frank, Dodd, Obama and the rest of the ones who did so well financially by blocking regulatory guidance of Fannie & Freddie? Regular people need to know the straight of it. That Jamie Gorelick might as well be an Iranian spy plant for all the garbage she has loaded onto this country in so few years.
**Democrats Blaming McCain**
Used to be Bush’s fault.
Not, I guess, it will be McCain’s fault.
LOL!
If the almost blackman becomes president, that is exactly how his term will run, because Nancy and Harry will be running things and will call him when it’s time for him to sign legislation. He’s too lazy to do his job, so the leaders in the despicable DNC will call him when they want him to do something.
If the democrats want this so bad and think it’s so good, they can force it through without Republican votes, can’t they? So what are they complaining about?
Truth is, this plan in hated by all taxpayers, no matter their party affiliation. And the democrats are just using the Republicans for political cover.
And for once, the Republicans are resisting being used, and McCain is leading the resistance. I say let the democrats own this if they want it so bad.
I agree with your statements about senators, especially coming from a state which has some very liberal, female senators. I remember the election when Barbara Boxer won her seat in the senate. We had just inked the deal to buy a home in her fair state after my husband’s company transferred us here. Her acceptance speech made it clear that she considered herself primarily a senator for women. I remember thinking, what about all the other voters and non-voters who don’t happen to be liberal women? Who will represent us? And she has held to her promise there, by the way. States ought to be represented in the senate but I don’t know that such a change will really make that much difference in a state that is dominated, as ours is, by one party so much of the time. What Repubs we have in office tend to be RINOs, like our esteemed governator.
>> You two live in battleground states? You like the idea of Obama working hand-in-hand with the jackass Congress yadda yadda bla bla bla
Dude. Please take a deep breath and a sedative or two, calm down, and tell me WHAT THE F you are talking about.
I already said I am going to vote for McCain/Palin. I said that a month ago.
I even sent them money! I swore I never would.
Plus — and I mean this — I am DEAD SERIOUS about having Sarah’s baby (or at least trying to).
One other point - the DEms can't really get out in front of this one. They are very guilty of starting this mess, and they know it. They are willing to make a deal to keep the truth hidden from the people. And believe me, people are taking notice. Some of it's getting out already, and if they want to retain control in the house and Senate, they'll back off quickly.
Im seeing rumors that Pelosi has enough Dem votes to pass this thing, but is furious because she wants enough Repubs on board to give her cover, and the Repubs are balking.
Nancy wants to cave to Bush, but does not want to take the blame for doing so.
As I thought, there has be some reason why Pelosi is not ramming this bill through, they have the majority.
The Republicans are saying No Way.
If the republicans wont join in, it means the Dems forced it through all by themselves with Bush and it totally contradicts everything they are saying in the Pres campaign. Republicans know this and the Dems would be stuck with a huge unpopular bailout bill they rammed through, they would own it on its own.
Obama sides with Bush.
A milk chocolate Eisenhower?
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
It is, to be sure, a very tough call. I don’t believe McCain subscribes to the “do nothing and let the economy fail” school of thought. That may be perfectly rational in a pure laissez faire sense, but it would be extremely difficult, if not impossible for any politician to run on such a platform. The fact is, people unfortunately want leaders who will make life easier for them, not tell them to suck it up and take their lumps. Plus, total collapse could lead to other, unintended consequences such as the buying up of the financial market at fire-sale prices by the Chinese, for one.
I think something like the insurance plan might be a better move and one that even laissez faire conservatives could stomach. A flat out taxpayer purchase of depressed securities seems to be much more unpalatable than the risk of a deep recession (though it’s easy for some to say that in the abstract and downright terrifying if you are on a low or fixed income with a family). McCain has to do something beyond simply killing the “Son of Paulson” Plan.
Should have mentioned something else. Much of the problem is that the feds are dealing with matters far beyond the scope of what the founding fathers intended, thanks to some creative interpretations of the Commerce Clause, among other provisions. It would take a real housecleaning to get the feds to back off their usurpation of states’ rights and peoples’ rights to really make a difference.
Let's hope the Republicans can keep a cool head on this; victory is almost assured if they do.
Remember polls are showing about 70% of Americans do NOT want the Bush bailout plan. So McCain is right in line with the majority of Americans.
I like that.
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