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Hill Democrats: Step Up, House Republicans; Go Away, John McCain
September 26, 2008 11:43 AM
"It's time for House Republicans to come to the negotiating table and for presidential politics to leave the negotiating table," Senate Majority Leader Harry Reid, D-Nev., said this morning. "I asked for (Sen. McCain) to take a stand on the issue. But all he has done is stand in front of the cameras. We still don't know where he stands on the issue."
With House Republicans so far not part of the negotiating process in any meaningful way, Democrats are pushing back hard this morning for House Republicans to come to the table and for Sen. John McCain, R-Ariz., to stop, in their view, impeding the process by injecting presidential politics into what were already tough negotiations.
Reid this morning implied that House Republicans seemed on board until McCain returned to town and inserted himself in the process.
The process was on track, Reid said, "and then guess who came to town?"
House Republicans say that's not true, that all week they have been standing in opposition to the bill.
This morning, House Minority Leader John Boehner, R-Ohio, sent a letter to House Speaker Nancy Pelosi, D-Calif., saying that this week, Democrats “announced that a bipartisan deal was at hand, even though the reservations about the underlying proposal I had expressed to you had not been addressed. Each time such announcements were made, or even rumored, I or my staff made it clear to media and to your staff that any such deal did not include House Republicans."
McCain met with the House Republican Caucus this morning and told them, "We need a deal."
The GOP presidential nominee today has also spoken to Treasury Secretary Henry Paulson, Senate GOP leader Mitch McConnell, ranking Republican on the Senate Budget Committee Judd Gregg, R-N.H., Boehner, and Rep. Paul Ryan, R-Wis.
Ryan may ultimately be the most significant of the bunch, since he's a leader of the House GOP contingent that is nearly lockstep against the Paulson proposal.
"Sen. McCain and the president between them need to get the House Republicans to come to the table," Rep. Barney Frank, D-Mass., the chairman of the House Financial Services Committee, said last night to reporters.
Could the Paulson bill pass the House without serious Republican participation?
That's unclear. Pelosi is refusing to bring it up without Republicans committing 100 votes -- she does not want this to become an issue the GOP uses against Democrats in the fall.
Or, as Frank put it late last night, "Ms. Pelosi will not bring a partisan bill to the floor. She will not say that we're going to have a one-sided Democratic bill that is attacked by the House Republicans in response to a request from George Bush. That's not good for the country."
Republicans are faulting Pelosi for not acting like the head of a majority party. Pass the bill, they say, you don't need Republicans, you have the votes.
This means that Republicans -- including those closely allied with the McCain campaign -- are now sending out conflicting messages. They are insisting that this process be bipartisan, while behind the scenes, they are faulting Pelosi for insisting that the plan pass with bipartisan support.
McCain met with House Republicans yesterday and was told that a vast majority opposed the very notion of the U.S. government purchasing bad assets. Many, including Ryan, are rallying behind an idea to, instead, offer insurance to troubled financial firms for the toxic assets. But Paulson and many on Wall Street find the proposal unworkable since it would take far too long to enact and wouldn't provide immediate relief.
One issue that Capitol Hill Republicans gripe about quietly is that Paulson seems to know little about the politics of this at all.
Reid gave voice to this today, noting that the Bush White House and Paulson seemed to have expressed "amazement" that members of Congress have constituencies involving not just Wall Street, but Main Street.
"Secretary Paulson, fine man that he is, has learned a lot about how we deal with our constituents," Reid said, noting that he has received calls and e-mails from constituents in his hometown of Searchlight, Nev., calling on him to oppose the bailout.
He described the bill as "very unpopular," but said that "just because something at first glance seems unpopular ... doesn't mean we don't have an obligation to the country."
After the disastrous White House meeting Thursday afternoon, last night, a group from Congress and Paulson huddled to try to rescue the rescue package.
As was the case at Thursday morning's negotiating session, Rep. Spencer Bachus, R-Ala., the ranking Republican on the House Financial Services Committee, attended the meeting, the only House Republican to be there.
At last night's meeting, Reid asked if Bachus had the power to negotiate on behalf of the House Republicans.
Reid pointed out that he had designated Sen. Chris Dodd, D-Conn., to negotiate for Senate Democrats, McConnell had picked Gregg, Pelosi had picked Frank.
Had Boehner given similar authority to Bachus? Reid asked.
Bachus left the room to find out.
Then he returned.
"He had no authority to do anything," Reid said today. "And last night he left early."
This morning, Boehner wrote to Pelosi to urge her to seriously consider recommendations from House GOP Deputy Whip Eric Cantor, R-Va., and his working group of House Republicans, which includes the proposal to provide insurance instead of a bailout of toxic assets.
"If such consideration is not given, a large majority of Republicans cannot –- and will not –- support Sec. Paulson’s plan," Boehner wrote.
Boehner also announced that his No. 2 -- GOP Whip Roy Blunt, R-Mo. -- will represent House Republicans in ongoing negotiations over the bailout bill, replacing Bachus.
This could be seen as a positive development, given that the respect that House GOP leaders have for Bachus knows bounds.
-- Jake Tapper and Z. Byron Wolf
September 26, 2008 | Permalink | Share | User Comments (139)
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Does anyone wonder why the Democrats are saying they need the Republicans to pass this? Last time I checked, they have a majority in the House and Bush will sign this. Maybe they are looking for an actionable defense for all of the calls, mine included, (90% negative by some accounts) against this sham of a bailout for the upcoming election.
By the way, I am an Independent that would not vote for either of these idiots.
Posted by: Gusamongus | Sep 26, 2008 2:00:38 PM
This bill is a stinker. Due to the mess created by greedy fatcats and BushGOPer hands-off business policies, the GOP president and his team developed a plan that while still horrible, has been revised by Congress, and is necessary. If Bush's own Party will not buy into it, the Dems should walk away. Let the economy collapse -- it's the fault of Bush and the GOP. This package is also a bailout for Bush and the GOP, in that it hopefully staves off the economic collapse they've brought down on the nation. If they're not interested, then f 'em.
Posted by: hopesprings52 | Sep 26, 2008 1:55:50 PM
yawn..wasted words.
the republicans are not seen ( by the majority of the country ) as "getting it" , that is all. talk all you want ,post all you want ,but after 11/04/08 youll be singing a different (democratically controlled ) tune.
republicans ,pack your bags ,youre going on a LOOOOOOOOOOOOOOOONG vacation...
Posted by: bah | Sep 26, 2008 1:52:07 PM
"The audacity of the Dems to stick Dodd out there as the point man on a bailout is laughable!!!!"
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AND fellow banking-weasel Barney Frank.
Posted by: Belle Starr | Sep 26, 2008 1:50:59 PM
The audacity of the Dems to stick Dodd out there as the point man on a bailout is laughable!!!!
Posted by: NYrwr | Sep 26, 2008 1:46:32 PM
Another distinction between Dems and Repubs. Dems will swallow a bitter pill, after making it as palatable as they can, to try to solve a problem not of their own making to save the country. Repubs., who caused the mess, will scuttle such a deal, purely for political gain. I know not a single Republican from coast-to-coast who deserves reelection. The GOP has not only bankrupted the nation, it is bankrupt. Voters would do the GOP a favor by turning them all out and forcing them to rebuild.
Posted by: hopesprings52 | Sep 26, 2008 1:42:55 PM
"belle star my thoughts; the democrats can pass this they have enough votes. what the dems are doing is they don't want this to be seen as a democratic bill. that way if the dems and obama win they can announce that due to the republican bailout bill their is no money for social programs. because of the bush/republican bailout bill."
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If there's a God in heaven, Obama will be defeated SOUNDLY, and Pelosi will lose her seat to Cindy Sheehan. Getting the mobsters out of the "Democratic leadership" would be a welcome change.
It's Pelosi, not Palin, who's the disgrace to women.
Posted by: Belle Starr | Sep 26, 2008 1:42:01 PM
Maybe there's a different reason why the Democrats want the Republicans to "STEP UP" and McCAIN to "GO AWAY"
The economy is going sour, because Wall St. AND Main St. with the support of Washington have been living a life of speculation and greed, based on economic fraud and illusion. The Democrats have the votes to pass their cosmetically modified version of the Bush Administration's bailout proposal. The Republicans (including McCain) should vote against it, because it's simply a bad deal for the American people. Both sides will be praised and vilified, depending on whose side you're on. SO WHAT!.. like that isn't happening already.
As for bipartisanship, until we see a frank (no pun intended, Barney) and honest admission of responsibility on all sides of the political spectrum, all bipartisanship means is that the politicians in Washington have agreed to pull the wool over the eyes of the American people.
This mess has Democratic Party DNA and fingerprints all over it... and the Bush Administration failed to take charge, in spite of the fact that they predicted this was going to happen (as the NYT 9/11/2003 article attests). The Democrats have the majority, so they should act like a majority… but of course they recognize that this bailout is widely unpopular, and need to have the Republicans in Congress on board to avoid political liability. Bipartisanship in this case is about using you to cover my butt. Republicans in Congress should JUST SAY NO!
Posted by: Andrew O. | Sep 26, 2008 1:35:18 PM
I love Obama's "this is the worst financial mess since the great depression" "call me if you need me" He's thinks this is a crisis but he's too busy campaigning to bother with his Senate job he's only held for 2 yrs. Meanwhile, the Dems are telling McCain, a 26 yr Senator, to stay away. The reason is, the Dems are trying to prop up Obama, their little man child because they know he's a fish out water with the crisis we're in.
Posted by: S Adams | Sep 26, 2008 1:33:28 PM
The democrats will not let McCain have anything to do with their little bill, they fear Obama will lose if he is able to get one grain of credit. Where is Obama's input on the bill? I'm sure the media followed him to the gym this morning... what? no teleprompters at the gym?
Posted by: Thomas | Sep 26, 2008 1:32:42 PM
Pelosi is big troblemaker here.
Posted by: Tim | Sep 26, 2008 1:32:02 PM
McCain got this one right ... Gallup Poll today: Obama down 2 ... McCain up 1
.... the House DEMS are as ridiculous as their presidential nominee ... give away, give away, give away!!!!!!!!
Posted by: Francisco Cardenas | Sep 26, 2008 1:27:15 PM
response to john precisely that is my take as well.
the dems wanted exclusive rights to hammering out a bi partisan bill. as written the bill would have saddled the tax payer for generations to come.
as they were shamelessly trying to pass this under the radar, mccain showing up stopped the raid on our tax dollars dead on its track.
Posted by: colorado | Sep 26, 2008 1:24:20 PM
beck--the Dems have a majority in the House and Senate. They could push this threw if they wanted. Obviously there are Democrat hold outs because Pelosi, Reid, Dodd, are adding $ for stupid organizations that have no bearing on the financial bailout. They added a part of the $700 billion to go to ACORN--Obama's org that has been investigated for Voter fraud. The Dems are pandering to the lobbyists instead if staying focused on getting us out of the mess we are in. And yes, I know what is at stake here.
Posted by: S Adams | Sep 26, 2008 1:23:38 PM
I wonder if McCain hurt the situation more than he helped. I heard he lossed his temper some on the hill.
Posted by: Luke | Sep 26, 2008 1:20:47 PM
I can't beleive a brilliant economic mind like McCain's could not fix this problem. He came riding into town only to not say anything. He should have stayed home and done some gardening or what ever old men do. Why is it that rep talk radio and all of their pundents were saying this is not a time to think, it is a time to act. I guess because they back McCain. Also, why do the republicans insist on everything being a life or death crisis and we need a decission yesterday. We need to get away from the alarmist mentality of the last eight years and start thinking before we act. If it were up to bush we would have passed a two page bill written in two days with no oversight. McCain talks about being a gambler and having to make spur of the moment decissions. Help us all if McCain has to do anything spur of the moment. We need a thinker and a negotiator, not another "decider." Help save America from McCain. And when was the last time the Gov of Alaska met with foreign officials. Who asked her to represent America, We did not vote for her and there is nothing anyone can say to convence me she is qualified to do anything. Alaska voted her Gov. Baltimore has more people and I don't want them representing America. We have larger school districts in the U.S. than Alaska has people.
Posted by: andy | Sep 26, 2008 1:19:19 PM
Adams: Yes, I have seen McCain in a debt.... lets just say it will be interesting to see if he remembers his name.
Posted by: beck | Sep 26, 2008 1:12:11 PM
Democrats warned they would play politics if McCain returned to work. What they did not want was scrutiny over the biggest welfare handout in history to cover past left-wing errors in judgment. The original bill could never be passed with the so-called bipartisan architects of Paulson-Reid-Pelosi-Frank. Democrats threw everything into the bill including the kitchen sink and then demanded Republicans get on board for their political cover. The band-aid bill would get us past the elections, where Democrats could claim they fixed the world, but even if the pork was stripped off, the bill would not work as written. To Democrats it's their way or the highway (and yes even highway funds were tacked on) The Democrats have all the votes they need to pass the welfare bill in both houses so if it's such a good idea, pass it and live with the results. Only there won't be a political life for those who pass it after it fails in December. We need real action, not a money grab.
Posted by: John | Sep 26, 2008 1:10:41 PM
belle star my thoughts; the democrats can pass this they have enough votes. what the dems are doing is they don't want this to be seen as a democratic bill. that way if the dems and obama win they can announce that due to the republican bailout bill their is no money for social programs. because of the bush/republican bailout bill.
Posted by: colorado | Sep 26, 2008 1:09:32 PM
"are rallying behind an idea to instead offer insurance to troubled financial firms for the toxic assets. But Paulson and many on Wall Street find the proposal unworkable since it would take far too long to enact and wouldn't provide immediate relief." What was Paulson was doing all these months? Same question to SEC chairman Cox? Is it possible Paulson & other old wall streeters want to help their old buddies. This tells us one thing: "not to hire wall street hands in the next administration.
Posted by: madayil Nair | Sep 26, 2008 1:06:30 PM
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