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MONTHLY ARCHIVES
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House Republicans Still Not On Board
September 25, 2008 2:10 PM
A spokesman for House Minority Leader John Boehner, R-Ohio, cautions that House Republicans have not signed on to anything.
Spokesman Kevin Smith said this includes Rep. Spencer Bachus, the ranking Republican on the House Financial Services Committee, who spoke to the press after this morning's negotiation over the Wall Street bailout bill.
After the meeting, Bachus told reporters, "One thing that I'm encouraged by is something that Sen. (Jack) Reed and I have worked on for taxpayer protection, to see that the taxpayer and the Treasury is reimbursed for their expenditures. And I think that was an important step that we all took. And we're committed to the tax money -- the taxpayer being protected. There was progress today. And I felt like the discussions were very open. And we're all committed to a successful and positive conclusion."
Bachus was the only House Republican at the meeting. Three Senate Republicans were in attendance. Asked if his boss had signed on to the plan, Bachus's spokesman said, "this is above my pay grade," and referred a reporter to the House Financial Service Committee staff.
Boehner issued a statement this afternoon, saying, "I am encouraged by the bipartisan progress being made toward an economic package that protects the interests of families, seniors, small businesses, and all taxpayers. However, House Republicans have not agreed to any plan at this point. We owe it to all those with a stake in this process to continue our discussions until we arrive at an agreement that is acceptable on both sides of the aisle -- and more importantly, one that serves the interests of American taxpayers. With that in mind, I look forward to joining my colleagues, President Bush, Sen. McCain, and Sen. Obama at the White House later today to take the next critical steps on a rescue package."
- jpt
September 25, 2008 | Permalink | Share | User Comments (75)
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Wow imagine that, more political mumbo jumbo!
Posted by: Lisa Wilder | Sep 25, 2008 5:09:17 PM
Leonard: John McCain and Sarah Palin are not on the road in front of crowds, okay? They are the candidates. They are the campaign. They HAVE SUSPENDED. Meantime, Joey Biden is crying in the arms of the Rooneys in Pennsylvania. I love the comparison. Class versus Clowns.
Posted by: beebop | Sep 25, 2008 5:01:40 PM
beebop,
The surrogates haven't stopped making the rounds.
Posted by: Leonard Peltier | Sep 25, 2008 4:59:32 PM
Leonard: To allege that Senator McCain is somehow "campaigning" because his offices are open and that this is "breaking news" is typical 0bama bs .
Posted by: beebop | Sep 25, 2008 4:57:30 PM
Ryan,
Thanks for the update, and surprisingly enough I did not hit Powerball last night. The good news is it's up to $200M for Saturday.
Each side is going to have to swallow some pride on this bill to get it through whether it be pay limits on one side or affordable housing set asides on the other. It's the same stumbling blocks that go all the way back to 2005, er, 2003. Amazing how they can comprimise when the house is on fire but not when the firewall is creeping up the mountain. Just pathetic.
Posted by: Woody | Sep 25, 2008 4:56:58 PM
beebop,
Take a rest bro,
MM's point was regarding the suspension of JSM's campaign and ads. It was a perfectly legitimate comment, if a little enthusiastic.
Posted by: Leonard Peltier | Sep 25, 2008 4:54:14 PM
Debbie: If that were the case, then why was Spencer cut off after fat old Barney went on and on? Apparently we weren't supposed to hear a discouraging word and now that the markets are closed, maybe they weren't either!
Posted by: beebop | Sep 25, 2008 4:53:32 PM
It stands to reason that you are an 0bama supporter since you -- like him -- lack the ability to use deductive thinking. Since this is NOT a done deal, let's hope that 0bama is still getting his debate coaching because he will clearly need it.
Posted by: beebop | Sep 25, 2008 4:51:35 PM
Obama called to get McCain to sign up to a joint statement. If McCain signed up, Obama was going to put on commercials claiming to be the uniter and saving the bill. If McCain didn't sign up, Obama would put out a commercial claiming he tried to save the bill but McCain wouldn't cross the aisle to help.
Obama thought it was a sure thing and then hesitated to announce the agreement because he thought he had McCain where he wanted him. McCain signed then played Obama for the chump at the table. Obama then went on TV to whine about McCain announcing first.
Obama was playing a cheap deuce for a little more poll bounce. McCain trumped him and once again, superior strategy showed what an amateur Obama is in the Big Game.
Posted by: len | Sep 25, 2008 4:51:29 PM
Woody,
There was a preceding and nearly identical bill that Hagel intro'd in 2003. S.1058 for the 108th session.
I always thought it was a 2005 intro too but someone yesterday brought up that it was in 2003 that Hagel originally intro'd the bill.
But otherwise I would agree wit your assessment.
Hope you got that powerball ticket ;-)
Posted by: Ryan C | Sep 25, 2008 4:47:36 PM
BREAKING NEWS!
This just in, McCain offices are open across the country. McCain lied to he people when he said he would suspend his campaign on this morning. All he did was pull ads.
Posted by: MM | Sep 25, 2008 4:13:24 PM
colorado I agree,
I am proposing a 'bottle cap economy' from this point forward.
Why wait? This way the tycoons will have to collect bottle caps along with the rest of us.
Bottle cap parity I say. NO BAILOUT.
Posted by: Leonard Peltier | Sep 25, 2008 4:13:12 PM
Their on board Jake LOL BUT they have to wait to make it look like Mighty Mouse McCain flew in and saved the day LOL Only problem is that in ALL public opinion polls the majority see the last 24 hours as a political stunt! A deseperate maverick that has been gelded!
Posted by: Debbie | Sep 25, 2008 4:12:43 PM
A teacher in Elmira , New York , who is a McCain supporter, asked her 4th grade class, How many of you are McCain fans? Not really knowing what a McCain fan is, but wanting to be liked by the teacher, all the kids raised their hands, except for Little Johnny.
The teacher asked Little Johnny why he has decided to be different. Little Johnny said, Because I'm not a McCain fan. The teacher asked, Why aren't you a McCain fan? Johnny said, Because I'm a Democrat.
The teacher asked him why he's a Democrat. Little Johnny answered, Well, my Mom's a Democrat and my Dad's a Democrat, so I'm a Democrat.
Annoyed by this answer, the teacher asked, "If your mom was a moron and your dad was an idiot, what would that make you?"
With a big smile, Little Johnny replied, "That would make me a McCain fan."
Posted by: Johnny knows best | Sep 25, 2008 4:11:30 PM
"It's not based on any particular data point. We just wanted to choose a really large number."
-- A Treasury spokeswoman, quoted by Forbes, on why the bank bailout will need $700 billion.
Posted by: Leonard Peltier | Sep 25, 2008 4:10:18 PM
"Republicans have controlled Congress and the White House for 3 of the last 5 years and still control the White House.
McCain cosponsored a bill (written by Hagel in 2003) in May of 2006."
Sorta true. The Republicans had a majority in the House and Senate in 2005 when Chuck Hagel introduced Senate Bill S.190 but evidently they didn't control anything. This bill cleared the Senate Banking Committee on a strict 11-9 party line vote, signalling it would meet much resistance on the Senate floor. As I'm sure you know the minority party has options like filibustering when they want to play the obstructionist role. The Republicans knew it would be a losing battle and the bill never made it to the Senate floor for a vote.
BTW, McCain tagged along as a cosponsor in 2006 when the bill had no life left in it. Since then new bills have been introduced in the House and Senate but they've been too busy passing National Watermelon Month and National Funeral Director and Mortician Recognition Day legislation.
Posted by: Woody | Sep 25, 2008 4:03:54 PM
Nellie
So McCain is going to duck debates instead, right... Last time I check Obama gave 2 months of town hall meetings - no rallies until after the convention. I guess McCain has a bridge in Alaska to sell ya.
Posted by: MM | Sep 25, 2008 3:56:30 PM
whatever gets decided or agreed to with the bailout any action will only soften the economic blow for the landing. this will only buy a little more time. no deal. what we are basically doing is privatizing gains while socializing losses on our backs for generations to come.
it is true the economy will grind to a stop without cash infused into the banks that loan and finance our way of life.
the solutions proposed are bandaid solutions while the infection festers unabated only to surface after we remove the bandaid.
Posted by: colorado | Sep 25, 2008 3:42:33 PM
This whole thing is 3 dimensional chess,
but somehow I know the result is that I lose.
Posted by: Leonard Peltier | Sep 25, 2008 3:32:22 PM
"Through the last 5 years Republicans (including John McCain specifically) have warned of this happening and tried to initiate reform repeatedly"
Republicans have controlled Congress and the White House for 3 of the last 5 years and still control the White House.
McCain cosponsored a bill (written by Hagel in 2003) in May of 2006.
McCain said last week that the fundamentals of our economy were good.
This week he warns of a Great Depression.
He is a fraud.
Posted by: Ryan C | Sep 25, 2008 3:27:40 PM
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