ABC: Bailout Agreement May Be Dead
By JR Hoeft | Thursday, September 25th, 2008 | PolicyThe report from ABC. Here are some highlights:
Earlier today Paulson walked into the room where Democrats were caucusing, and pleaded with them ‘please don’t blow this up,’ Stephanopoulos reports.
House Financial services Chairman Barney Frank, D-Mass., was livid, saying ‘Don’t say that to us after all we’ve been through!’
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Staff members of the Senate Banking Committee released an “agreement of principles” to reporters at the White House, as the meeting with Bush, Congressional leaders, and the presidential candidates got under way….Republican Sen. Richard Shelby of Alabama, the top Republican on the Senate Banking Committee, emerged from the White House meeting to tell reporters he is unhappy with agreement.
“It’s flawed from the beginning,” Shelby said…”That agreement is obviously no agreement.”
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The Obama campaign issued a schedule with the Mississippi debate on it for Friday.Republican lawmakers have suggested they welcome McCain’s move [to suspend his campaign].
“We need all hands on deck to get this done,” [House Minority Leader John] Boehner told reporters
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Conservative to the core; liberal with his opinion! J.R. has been involved in politics for over a decade and has worked on several campaigns in Hampton Roads. He has served on the Executive Committee of the Republican Party of Chesapeake and the Central Committee of the Republican Party of Virginia. He is also the director of “Blogs United” in Virginia. E-mail J.R.. Follow J.R. on Twitter.
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4 Responses to "ABC: Bailout Agreement May Be Dead"
I don’t know how to feel about that.
Obviously something needs to be done. But handing Paulson $700B with no strings attached and no real explanation as to what he’s going to do with it is unexceptable.
I hate to quote the morons on TV, but Lou Dobbs just outlined my biggest problem with the whole situation.
“The American people have been given no reason to trust one word that we hear from the elected officials in Washington, both democrate and republic.”
My other problem is the jackasses (I mean The Fed, Congressional commitee members, etc…) who should have been monitoring the economy want to turn the whole problem over to the people who caused the problem.
I’m leaning more and more towards letting the whole system crash.
Theres something very liberating about not owning anything you can’t buy with cash.
Did I just hear right?
The Democrates are lining up behind Bush and even after Cheney made the rounds, the Rebublicans are thwarting his efforts.
Is life as we know it over?
I’m thinking maybe we’ve got the wrong folks working on this situation. Maybe instead of Paulson and Bernanke, Bush would do better to bring in Gail Kimball, current head of the US Forest Service.
This adminstration has been a strong promoter of controlled burns to help minimize forest fire threats. Maybe a little less prevention and little more burn is just what we need right now.
And Frenchy, i know what you mean. I keep expecting to hear Rod Serling’s voice in my ear – “That’s the signpost up ahead…”
Is life over? Seems like more of the same to me…
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