Boehner says No Deal on Bail Out....is this a big set up so it looks like McCain saved the day?

[maddezmom]

Deal or No Deal? Boehner Says ‘No Deal’
September 25, 2008 11:11 AM

House Minority Leader Rep. John Boehner, R-Ohio, just issued a statement on the legislation being hammered out by House Financial Services Committee Chairman Rep. Barney Frank, D-Mass., and Senate Banking Committee Chairman Chris Dodd, D-Conn.

“As I told our Conference this morning, there is no bipartisan deal at this time," Boehner said. "There may be a deal among some Democrats, but House Republicans are not a part of it.”

Frank and Dodd are in a room on the first floor of the Capitol Building along with the ranking Republican on the House Financial Services Committee, Rep. Spencer Bachus, R-Ala; the No. 2 Republican on the Senate Banking Committee, Sen. Bob Bennett, R-Utah; Senate Budget Committee Chairman Kent Conrad, D-ND and ranking Republican member Sen. Judd Gregg, R-NH.

more:http://blogs.abcnews.com/politicalpunch/2008/09/deal-or-no-deal.html


The Bush-McCain September Surprise
posted by John Nichols on 09/25/2008 @ 10:57am

Did everyone notice how quickly the Bush White House placed its stamp of approval on John McCain's attempt to freeze a presidential campaign in which Republican poll numbers on Wednesday had gone into a freefall?

Desperate to renew his image as a functional player in an economic debate around which he had stumbled for days -- and frightened that an Obama proposal for the Democratic and Republican candidates to issue a joint statement on resolving the crisis would make his rival appear even more presidential -- McCain tried to postpone not just one debate but a campaign that was going awry.

Instantaneously, Bush gave McCain's move scheme his stamp of approval.

Both the McCain campaign and the White House knew they had to do something Wednesday. The new Washington Post-ABC News poll gave the Democrat a nine-point lead over McCain. According to the Post's Dan Balz and Jon Cohen, Obama's widening lead was attributable in large measure to "turmoil in the financial industry and growing pessimism about the economy."

more:http://www.thenation.com/blogs/campaignmatters/364328/the_bush_mccain_september_surprise

[wtmusic]

1. Or a set up to draw the process out

so debates are avoided completely? :shrug:

[malaise]

4. The Debate Board is about to hold a press conference

Can't wait to see if they cave in as well.

[Mike Daniels]

14. They already stated yesterday that all debates must have both participants

Anyone hoping for an Obama only debate if McCain bails on tomorrow can come back to earth.

At best they'll force the first debate to occur sometime next week prior to the VP debate and not reschedule the VP debate as McCain/Palin want.

[DefenseLawyer]

2. I think Republicans in Congress are looking out for #1

regardless of the merits, they have decided to run against the thing, distance themselves from the President and try to frame the whole thing as Democrats bailing out fat cats. Cynical politics at its republican best.

[snappyturtle]

9. I can see this strateegery of the repukes but I thought I heard that

Nancy won't bring it to the floor without substantial repuke support....which makes sense. Of course, I don't want the bailout as I know it now, if at all.

[lumberjack_jeff]

11. My fear is that democrats can't resist "trying to help"

if a drowning man is holding on to a lead filled duffel bag, grabbing the other handle isn't 'helping'.

We're better off if you don't drown too, democrats. The size of this artificial and pretend secondary market is so huge that even $700 billion (of actual, albeit borrowed money) is like pissing in the ocean. I don't think it'll have any affect, for good or ill on the market. It is simply a mechanism to flush social power into Grover Norquist's bathtub.

It does no good, but allows Democrats to seize half the blame, which they can't seem to resist.

Absent a bailout, if the economy does crater, it will be the fault of deregulation. If it does not, then Democrats will deserve credit for avoiding the unnecessary bums rush (e.g. social security privatization)

Push a bailout, and both outcomes are bad for Democrats, and for the future of governance in general.

Forget a bailout. Push for aggressive reregulation. It stands equally good chance of success, costs one brazillionth of as much and prevents future repeats.

[HeraldSquare212]

12. Agreed. I'd like to see the Dems call their bluff.

[libodem]

3. Boner Schnoaner

what a schmuck.

[Junkdrawer]

5. This is going to be a Bush/Democratic bill....

Republicans will retake Congress on the backlash...

[Myrina]

6. I can't imaging why the McCain camp would WANT Bush's stamp ...

.... of anything! That just further handcuffs him to all of Dimson's failures.


:shrug:

[lumberjack_jeff]

7. "but House Republicans are not a part of it"

You don't have to be. 'Elections have consequences', remember?

[MiniMe]

8. The house repukes are the ones that are most against it

They are all up for re-election. I don't think that McCain has much influence over the house. Nor the Senate either for that matter. This is a pure political tool when it really shouldn't be.

[bigtree]

10. I keep thinking they're expecting McCain to lead them away from any compromise agreement

I can't forget that McCain's initial strategy was to set himself apart from 'Washington' and whatever they decided to spend on this bill. McCain will be more of an obstacle to the changes Democrats want on Bush's bill than he'll be able to influence his republican peers to support them. His insertion into this process could very well give cover to recalcitrant republicans who just want to sit on their hands and do nothing but score political points. Look for McCain and his pals to try and put a wedge between congressional Democrats and WH 'priorities' that come out of the meeting today.

[pansypoo53219]

13. let's make boner cry!

prick.

[radfringe]

15. is this a big set up so it looks like McCain saved the day - yes nt

[K8-EEE]

16. Jesus are people really that dumb???

I guess you really can't over-estimate the Murkin 23% pro-Bush contingent but I really don't think anybody else is buying it.

[Winterblues]

17. This is the best possible scenario for Democrats

Let it be known far and wide Republicans would not bail out their country while Democrats were willing to do what they could to help. We know as long as we have a Republican Administration the economy will falter. They just plain don't understand the fundamentals of our economy. The economy is going to falter some more and after Obama is elected the exact same thing will happen that did once Clinton was elected. The National Mood changed overnight. There was a huge upsurge in economic indicators and the Stock Market surged. It basically occurred overnight and that is why Republicans said it was because of Bush 1 economic policies. They will try and say the same thing again once Obama become President but this time I don't think many will buy it. They had their chance to prove how they would turn our economy into a paradise on earth. We know, and any person that bothers to look at history knows, the economy always, Always falters under Republican rule.