Breakdown

"Now, Barney Frank is channeling Paulson as the go to guy ... but he's one of the guys who let the country slide into this without any warning or preparation."
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Frank and Paulson are TWO of the guys, no?

Speaker Nancy Pelosi has the plenary power to bring a bill to the floor of the House, and no parliamentary procedure can help a minority to block a majority will to pass it. That’s one fact that has to be remembered while Pelosi and Barney Frank blame the House GOP over the collapse of the bailout bill:

If Pelosi has her entire caucus in line to support the Paulson plan, then she has the vote to pass it. Some estimates have as many as 50 Republicans ready to support the plan in defiance of Boehner. If that’s true, Pelosi could lose all of her Blue-Dog Democrats and still pass the bill.

So why not just call a vote? Pelosi doesn’t want to get married to George Bush, that’s why. She wants to spread the political risk and get consensus on a bailout plan so that the responsibility for any failure doesn’t rest solely on her shoulders, at least in the House. Both Pelosi and Harry Reid wanted John McCain to deliver both GOP caucuses to cover their own butts on the bailout bill, and McCain — at least thus far — hasn’t convinced Boehner to do so.

It appears that Reid has enough Republicans on board to survive a filibuster. George Bush will happily sign the bill as soon as he gets it from Capitol Hill. Pelosi could deliver that bill with plenty of votes to spare simply by scheduling a vote. She lacks the courage to do so. That’s not the fault of the House GOP.

Update (AP): All of this is true but it’s also why McCain’s going to take the blame if they can’t pass it. Pelosi doesn’t need votes, she needs political cover; Maverick can’t give her the former but, as the GOP’s nominee, he can singlehandedly give her the latter by endorsing the deal. If he doesn’t, the consequences will be laid at his feet.

Bailout is at least $2000 for every man woman and child in this country at the CURRENT price. Now, 40% dont pay any taxes, so that leaves 60% to pay the bill. Obviously, the rich pay more taxes already. So, Obamas tax increase is already being implemented as soon as this passes.

Dems add pork to bailout and then wonder why reps say no.

Bob Scheiffer reports that Paulson put out an urgent call for McCain to step into the process when he found he only had 4 Republican votes in the House. This is America and while the Senate may pass this deal - it still has to go through the House. Those Republicans were not about to let this White Elephant go through with all its add-ons and giveaways. Paulson called Lindsey Graham; Graham called McCain; McCain called Bush to graciously include Obama in the process.

Pelosi and Reid rushed to say that a deal was done when a simple inquiry would have told them they were nowhere near. They want to run this country as a dictatorship. And if Obama is elected, they just might be able to. Think about it.

Thank God for the Republicans; they're the only ones looking out for the interests of the taxpayers.

The Dems want 750 billion carte blanche for Paulson. And the 750 is a farce - they've piled on credit card debt, money market account insurance, capital for low income housing and on and on and on.

The Reps want to open up less money (250 billion immediately; 100 billion to follow) for LOANS to struggling entities; if more money is needed they'll have to get a vote from Congress.

Reps (and McCain) are winning this one hands down! Reid (who said just the other day "no one knows what to do") and Pelosi think they can run the entire Congress like they run Obama.

Has everybody gone insane? All along the House Republicans have indicated they didn't like the proposals coming out of Paulson or the Committees. All along there's been a question of whether there were enough Republican votes - not because the votes are needed in a Dem-majority Congress but because the Dems don't want to be "exposed" as supporting the plan on their own. So:

1) who's really playing politics with our financial futures? The Dems who have the votes, but won't use them.

2) who's been ignoring the obvious discontent on the Republican side? Well, Senate and House leadership (prim Democratic) for start. Readers here as well, apparently. How can you look at 2 facts (Repub members don't like the program, Committee members say there's a deal) and not see that they're both true. Repubs don't like the program, and the largely Democratic members of the Committees had a deal they could live with.To say the "deal collapsed" is ingenuous - it was never there.

3) Try to see through the "brilliant or bonehead" level of reporting, and understand that finding a way to get the Republicans behind a bill is why Bush went on tv and why McCain went back. Maybe it does mean includng something new in the "faux deal" and maybe it doesn't (I have to admit I like the insurance program just as much as the deal terms).

4) There's this incredible suspension of disbelief going on. Now, Barney Frank is channeling Paulson as the go to guy ... but he's one of the guys who let the country slide into this without any warning or preparation. Now the MSM is surprised that the conservative Republicans are not supporting a plan they said they didn't support ... were they not reading their own reporting? Now McCain's trying to work out a plan with conservative Republicans ... but he's getting heat for that? Now, Obama is saying he can walk and chew gum at the same time ... but he can't get the Democratic members of Congress to pass a vote they say they support because it could hurt them politically. Nice all around.

Phoney,Phoney,Phoney,Phoney,Phoney! OK, I am deprogrammed now! My President called our attention to a grave problem. Everybody responded in a more united than disunited way.In fact, I was feeling proud of the manner in which everybody, even in the election year climate, seemed to rise to action. Then Mr. Bush ushers in the combatants and suddenly sphincters either slammed shut or went completely slack. Either way there is a mess and I fear the situation is hopelessly distorted. Thank you George W. Bush ! And also I want to than Senator McCain for once again showing us how badly he wants to be our leader, although his methods seem to always show the obvious lack of sincerity, talent, temperment and judgement for the job.

Free Market Terrorists, can afford to hide Tainted milk. Terrorists LOVE Deregulations. Remember 9/11. And now Capitol Terrorists, will take advantage of Deregulations. McTerror, Shelby, and Bush act as if 'Oh Well'. Our Constuction companies can rebuild. Just like Iraq. Nothing gets done. But they can raise energy and gas prices. I bet we will be offering some other country help, for Black Gold. At least they gave us a boost on Wall Street.

hear what Palin says about Russian planes, on CNN and MSNBC. Its funny.
We Trade with them. Because Alaska is closer. Hee Hee. Rick Davis paid for her Silence.

Be reminded that McCain initially said that the economy was sound before doing an about face. He is not putting this country first and his reckless behavior is putting us all at risk.

Both parties had nearly succeeded in hammering out a deal and then McCain showed up. He had said that he would work as long as necessary to make sure a deal was made; however, he left the Hill around 5:35. He was not around when the meeting was convened at 8 p.m. It is time for McCain to put country first and stop trying to use this bill to improve his polling numbers.

I thought the Republicans brought bad karma to McCain, now I know it is the other way around. They deserve each other.

let it all fall down.....
chips fall where they may...
maybe the next country called America will end up a more just place than this one

we had 1 revolution over 200 years ago, maybe it's time for another, and give the people back the country the way it was originally intended

Reid Seeks McCain Pledge
Senate majority leader tells White House it must serve up support from the Republican nominee if it hopes to win bipartisan bailout backing.
Roll Call Staff - Roll Call

September 24, 2008
Fearing a political backlash against Democrats, Senate Majority Leader Harry Reid (D-Nev.) has told the White House that it must serve up support from Republican presidential nominee Sen. John McCain (Ariz.) if it hopes to ensure bipartisan backing for a massive economic bailout package by week's end.
Reid made his position clear to Treasury Secretary Henry Paulson on Monday night, as well as to his Democratic caucus, which shares many of the GOP's concerns that the $700 billion bailout has been drafted too hastily and is a risky remedy for an economy on the brink of crisis. Reid, according to Democratic Senate sources, also wants assurances from Senate Republican leaders that an evenly divided, bipartisan group of Senators will pass any legislative fix so his party isn't left with the burden of doing an unpopular White House's bidding — again.
McCain holds the key to such a bipartisan vote, according to Reid, because Republicans are likely to defer to his position on a bill that holds political peril.
As the current leaders of their respective parties I don't think it unreasonable to expect them to both be there and take the lead in reaching a bipartisan deal. Obama should have looked at it as an opportunity but all he thought about was staying the course after he is the one that said it was the greatest crisis since the Depression.

President Bush made a convincing case and successfully outlined reasons why this bill is necessary. We are in dire straits, and it is clear that something has to be done. What will happen to small business owners, college students and consumers in general when this country's financial system go bust? This is not a game, and Congressional Republicans need to understand this.

It sounded like they had the deal wrapped before McCain stepped in it. I wonder how much ordinary people, known as "Main Street" Americans now (anybody have a main street anymore? I do) are going to lose tomorrow because of McCain's posturing and hubris? Did he actually try to hitch a capital gains cut to this bill?

I hate this bailout - and I hate it that my kids are gonna have to pay for some idiots with trash bonds for years - but there is no other way out. At least both parties have worked together to remove some of the really scary measures in the original bill. Maybe there is hope yet - if somebody can keep McCain out of it.

And how many more millions did McCain and RNC raise that could have bailed things out??
Please, pointing fingers only shows that you can, but not that you will do anything.

Obama/Biden '08

The Democrats tried to put forward a bill without accounting for the views of the House Republicans.

Then, Pelosi realized that her party would be exposed and sought at least 100 House Republicans for cover.

The House Republicans put forth their concerns and principles for passage and the deal fell apart.

Keep in mind, the House Republicans represent a significant portion of Americans who are extremely distressed with the state of affairs. They deserve to be hear and factored into the solution.

Lindsey Graham (R-Fla.) is reporting on Fox that this bill had a huge earmark for ACORN, the oft-maligned community group with a history of both corruption and Obama support. Jake, can you verify or disprove this story? What other earmarks are the Dems trying to push through in their rush to ostensibly bail out Wall Street. I heard the figure was $140 million. Is that true? The American people should be outraged if it is true.

We should have known better that anything good would have come out of a meeting behind closed doors with Bush.

We would have been better off if everyone politely declined his invitation and just kept hammering it out until they had a vote today on the Hill! A moderate, middle of the road plan needs to be reached that everyone can begrudgingly get behind...if everyone's a little unhappy with it, it'll probably be the best piece of work Congress has done in ages!

"If any of you would listen to what Joe Average Citizen is saying, they are saying they DO NOT want this bail-out bill."
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That Frank and Dodd, who are more responsible than others in Congress, are making common cause with the neo-cons, to enact corporate fascism, is kind of strange for "Democrats".