John McCain plays politics with Bailout plan, derails negotiations

Interesting that people who were in the meeting have said he didn't say anything at all.

 

Where's Obama, on the beach in Florida? Oh that's right, Bush summoned the junior senator from IL to Washington.

 

what's up is patriotism trumping politics, and panic chez faux-bama...ain't never gonna do it without the fez on...

 

It does look like McCain did not want the deal to go through at least till tommorw afternoon. He wants the drama of delaying saying whether he will go to the debate. Pat Buchanan bets McCain will and will try to make it seem like he saved the day.

According to the News, it seems possible that radical Repubs came in and wanted more tax breaks and deregulation for the financials under the guise that then you would not have to spend little if any tax payer's money.

Ideology is very resistant to facts on the ground.

 

WHAT? How can anyone be intellectually honest about deregulation on a 700,000,000,000 bailout plan for the mother****ing banks?

This better not be true.

 

Really shameful.

 

http://www.huffingtonpost.com/2008/09/25/at-white-house-mccain-pla_n_129438.html

McCain's reluctance to jump on board the bailout agreement could throw the entire week-long negotiation into a tailspin. Sen. Chris Dodd, after leaving the White House, suggested on CNN that the tenuous process could be derailed by what he viewed as McCain's political motives.

"What happened here, basically, if you want an honest appraisal of the thing, we have been spending a lot of time and I am tired. I have spent almost seven straight days at this in trying to come out with a workout plan for our economy a rescue plan," said Dodd. "What this looked like to me was a rescue plan for John McCain for two hours and took us away from the work we are trying to do today. Serious people trying to do serious work to come up with an answer."

According to the source with knowledge of the White House gathering -- which featured both presidential candidates, congressional leaders and the President -- virtually ever key figure in the room, save McCain and GOP Sen. Richard Shelby, were in agreement over a revised version of Treasury Secretary Hank Paulson's plan.

Towards the end, McCain finally spoke up, mentioning a counter-proposal that had been offered by some conservative House Republicans, which would suspend the capital gains tax for two years and provide tax incentives to encourage firms that buy up bad debt. McCain did not discuss specifics of the plan, though, and was non-committal about supporting it. McCain's reluctance to jump on board the bailout agreement could throw the entire week-long negotiation into a tailspin. Sen. Chris Dodd, after leaving the White House, suggested on CNN that the tenuous process could be derailed by what he viewed as McCain's political motives.

"What happened here, basically, if you want an honest appraisal of the thing, we have been spending a lot of time and I am tired. I have spent almost seven straight days at this in trying to come out with a workout plan for our economy a rescue plan," said Dodd. "What this looked like to me was a rescue plan for John McCain for two hours and took us away from the work we are trying to do today. Serious people trying to do serious work to come up with an answer."

According to the source with knowledge of the White House gathering -- which featured both presidential candidates, congressional leaders and the President -- virtually ever key figure in the room, save McCain and GOP Sen. Richard Shelby, were in agreement over a revised version of Treasury Secretary Hank Paulson's plan.

Towards the end, McCain finally spoke up, mentioning a counter-proposal that had been offered by some conservative House Republicans, which would suspend the capital gains tax for two years and provide tax incentives to encourage firms that buy up bad debt.

McCain did not discuss specifics of the plan, though, and was non-committal about supporting it.

 

This is a disgrace and incredibly unpatriotic.

Any American who puts America first can see that John McCain only puts himself first.

Who the heck cares about the American economy as long as I get a better shot at presidency??!

 

Does this man have no shame whatsoever?

 

So true, but it could work for McCain. It all depends on the media.

Anyone know if Fox is playing up McCain as the unmitigated heroe with no political agenda?

As Obama said about the bail-out it is the choice between a bad choice and a worse choice just like in Iraq. (not quite a direct quote).

 

well what else is McCain suppose to do? When you are deep in a political mud pit, the best thing you could accomplish is to drag the other party into the fray. The economy may dissolve into disarray, but we all know some people care little about collateral damage.

1. McCain announced he will go to DC to "help" "solve" the crisis
2. People who actually work on the bill said GTFO, we are closed to a solution and we don't need presidential politics here
3. McCain go there anyways
4. Solution dissolved

Oh the irony

Lying on a biliteral solution to the economic crisis, suspending the campaign and debate, and non-commital support for his vague ecnomic agenda. This dude literally march right up to capital hill and announce "I will blame Obama for what happen next, what ya going to do? Oh, Sarah ain't debating. Not because her seasoned talker record, but look at the economy, stupid"

As if everyone is that stupid and ignorant to fall for McCain's dillusional political bailout plan.

 

While I wouldn't put these antics past McCain, I wish we could get some hard core details on how it went down today. Too bad we can't watch what happens behind closed door, it would be a great time for more transparency considering it's our tax dollars up for grabs.

 

I'm glad something good finally came of this Presidential campaign season. McCain might have just accidentally saved the taxpayer.

 

There is so much group think and capitulation to the criminals in this bailout that it is bound to be a nightmare. Watching the government print up $700 Billion and then piss it away is a nightmare for the economy. The best thing that can happen is to stop this trainwreck give Congress a little cooling off time, and maybe a ten-fold scaled-back "float the economy along" bill to keep the holes plugged until someone comes up with a solution that won't utterly destroy the dollar.

 

I presume he doesn't like bailout plan, as originally drafted.

edit:

^ yep

 

Are you ready to roll the dice again?

All luck, all the time?

Somewhere in the backroom, Morey is shaking his head.