Here's what I really think is happening here. Please read...

[Liberal_Stalwart71]

Here's what's really going on:

Barney Frank and Harry Reid reached a deal with the Repukes. The announcement was made to the M$M. The media then went out to report that a deal had been reached.

Meanwhile, Boehner and other Repukes have been saying that NO DEAL has been reached yet. Apparently McCoward came in and stopped the previous bipartisan deal from happening.

It's a set-up.

Bush's meeting with McCoward and Obama is set for 4:00. They'll have the meeting; McCoward will march back to the House and Senate and pose as if he is "saving the day" with his plan.

The Rethugs have McCoward's back. They have enough votes in the Senate to block anything that the Democrats do.

This was all a set-up and McCoward will come out looking like a hero.

I can't believe this is happening.

Then, McCoward can show up at the debate tomorrow evening, looking strong on BOTH the economy and foreign policy.

These people have no soul.

How will Obama and the Dems respond?

[habitual]

1. I have no idea why all you "it's a trap" people don't

realize that the Obama people and Obama know this. I have confidence that Obama will respond and handle this in a way that he avoids playing into McShit's plan.

pleeeease, give team Obama more credit!

[nolabels]

7. And the while that is going on, us joe publics are out $700,000,000,000.00

Yes, i am so glad we are all on our game :banghead:

[Liberal_Stalwart71]

10. It's not really Obama. I have no faith that the Dems will do the right thing

So many of them benefit from corporate donations and some of them are competing in conservative districts. The Dems just caved on the offshore drilling yesterday. I don't have faith that they will stick to their guns and hold the Repukes accountable. The Republicans are so good at walking in lockstep. I don't trust the DLC Democrats.

[curious one]

12. I agree with you. If it is so obvious to us with limited information that this a trap, I am sure

Obama and his team know more about it and will take the appropriate actions. so far they have done very good.

[Speck Tater]

2. Even if that's how it plays out, that's too damn convoluted for the average voter to follow.

To most voters it will just be "mummble, mummble, blah, blah, bailout passed. Now on with the debate."

[vstephane]

6. I just hope Obama is not too distracted by the whole thing

and finishes his debate preparation.

[K Gardner]

3. I tend to agree with this. The whole thing has been a disgustingly DISHONEST sham.

[alcibiades_mystery]

4. Wow...what an original analysis...only the other 400 Worry-Bots

are saying the same thing, which is like, much less than the number of people on this site as a whole, y'know?

Grow a spine.

[Liberal_Stalwart71]

11. Hey, don't insult me. You need to tell the Democrats to grow a spine.

I trust Obama. I don't trust the Repukes and the syncophantic DLC Democrats. Listen, they just caved on the offshore drilling issue just yesterday, but you're telling ME to grow a spine? I think you're talking to the wrong person!

[Brotherjohn]

5. But they've already got his number. Everyone KNOWS he didn't show up until midday today.

Everyone knows he's playing games. That became clear the second he proposed postponing the debate, and suspended his campaign.

That didn't wash. He lost his gambit right then and there.

[Terran]

8. There are 50 Senators

It would be pretty hard to believe that any single one of them is somehow going to 'save the day' on such a huge issue. Especially the one who has stated publicly that he knows nothing about the economy. Any claim that McCain is responsible for saving us all from financial ruin is going to be greeted with jeers from most of the MSM.

[niyad]

14. 50? last I heard, we have 100. unless you meant just one party?

[Terran]

15. Der, I meant 100

(smacks self)

[golddigger]

9. I'm a little confused. Do you want the Dems to cave on this?

[Liberal_Stalwart71]

13. No!! I'm afraid they are going to. How often have they stood up to the Repukes?

Many of them have been Bush everything he's wanted.

I trust Obama. I don't trust the Democrats as a whole.

[Liberal_Stalwart71]

16. Looks like I was right! It was the Rethugs in the House that are playing

games. It's Boehner!!!! :puke::puke:

Dodd: McCain, House GOP Derail Bailout Negotiations
by FleetAdmiralJ
Thu Sep 25, 2008 at 03:05:40 PM PDT
Watching Dodd getting interviewed on CNN and basically said that the meeting with the President was a bust, and that many of the issues that they thought were resolved were suddenly brought up again by the House GOP, apparently with the support of John McCain, with some hints that Secretary Paulson may be interested in their plan.

FleetAdmiralJ's diary :: ::
Dodd was obviously not happy with this, basically insinuating that if they wanted to bring up an alternative plan, they should have done so at the start of the week, not after everyone has spent a week on this one deal.

Dodd also now doesn't think a deal will be done by tomorrow, and if the House GOP plan picks up steam, then it may not be until at least the end of next week until anything gets out.

My own thought on this is this: John McCain knew that the House GOP was reluctant to support the bailout bill, just because they tend to be ideologically opposed to government spending (in theory).

As a result, McCain took this opportunity to come in and show the House GOP a plan he thought they would like, and then came and crashed Bush's party by basically using the House GOP as the messenger to bring his new plan to the table.

In other words, he is literally trying to undue an almost done deal with seemingly everyone agreed on just so that he can come in and "save the day" by trying to force his own bill into the picture.

Of course, this also has other implications as well, including the fact that there is almost no way a deal will be reached by tomorrow night's debate, and there is a possibility that no deal may be reached even by next Thursday's Vice Presidential debate, giving them an excuse to skip out.

If I were Obama and the Democrats, this is what I would do:

Continue working on the current framework, but if it appears by the end of the day tomorrow that you just aren't going to get the House GOP votes you need to give yourself cover, then dump the plan and start working on your own from scratch.

Then next week we can have a battle - in Congress - between Obama's plan and McCain's plan and they can duke it out there.

Update

Commenters are now reporting that Senator Corker (god I still can't believe he won) also said that they had a deal going in, and that it was blown up afterwards. He, of course, tried to do it while being nicer to McCain, but that was the jist of it.

Update 2

Obama on CNN: Deal was done before he and McCain arrived and then "something happened." Obama also notes that the negotiations may be getting bogged down due to the introduction of Presidential politics.

Update 3

McCain on Nightly News: Country First! Town Hall Debates!

That's about it. Obama's tape blew up so they'll try to show his interview later.

[WeDidIt]

17. So the Dems now announce, "The REpublicans, lead by John McCain, have Killed the Bail Out"

then let the fucker die.

[RagAss]

18. That's right...turn out the lights and go home !

[Motown_Johnny]

19. we should bring it to a vote anyways,,, let's get them on the record here

[ContinentalOp]

20. Or maybe it happened this way:

Frank and Reid announced that a deal had been reached even though they know the Republicans aren't all in agreement. They put their announcement out just before McCain arrived in town so that now it looks like he botched the deal even though there were probably Republican objections all along. :tinfoilhat: