Republicans express more skepticism on bailout plan

[sabra]

Source: The Hill

House Republicans expressed skepticism about the administration’s plan for bailing out Wall Street during a closed-door meeting with Vice President Cheney and other administration officials Tuesday.

Lawmakers leaving the hour-and-a-half-long meeting said Cheney was told that the plan lacked the details they needed to grant swift approval for the Treasury to be given $700 billion to purchase failing mortgage-related securities from banks and other financial institutions.

“Just because God created the world in seven days doesn't mean we have to pass this bill in seven days," said Rep. Joe Barton (R-Texas). Barton said he did not appreciate being told he had to vote for legislation with only one week to review complicated terms with which he was not familiar.

In the Senate, some Republicans said they also had doubts about the plan.

Sen. Orrin Hatch (R-Utah) said he has not yet made a decision but is hearing “all negative” feedback from voters in Utah about Treasury Secretary Henry Paulson’s plan.

“Secretary Paulson is a very bright guy with a lot of experience in the financial world, and I always want to listen to whatever he's suggesting. But I'm concerned about it,” Hatch said. He added that his Utah constituents are telling him “not to support that $700 billion bailout. They look at it as a bailout.”

Read more: http://thehill.com/leading-the-news/republicans-express-more-skepticism-on-bailout-plan-2008-09-23.html

[Cronus Protagonist]

1. There's more doubt about THIS than there was about the PATRIOT ACT!!

Both are surely just as bad as each other, but they passed the PATRIOT act without even reading it. Not that they should do the same here, though.... brrrrr.

[Zhade]

9. Simple reason: it's about MONEY.

NT!

[bemildred]

2. Can this be filibustered? nt

[dixiegrrrrl]

3. When you lose Hatch's knee jerk agrrement

you got a problem.

[Dr.Phool]

4. Sure they do.

They want Dems to pass this fiasco, and beat them to death with it, for fiscal irresponsibility, until the election.

Karl Rove at his finest.

[bbgrunt]

6. ...ahhh yes. The bum's rush tails I win, heads you lose.

[David__77]

5. I will be so pissed if Democrats try to ram this crap through!

This is enraging. They will deserve to lose if they do this.

[Ganja Ninja]

7. The Democrats should force every Republican to cast their vote

before any of them vote on this rip off.

[crossroads]

11. Well said! I agree with you! nt

[gristy]

8. good

GOOD!

[Magleetis]

10. If Cheney is trying

to ramrod this through, it must be a scam. We must stop this.