Kill the bailout: Call your GOP representative; Update: the deal details trickle out; No deal tonight; Paulson and the Dems bawl
Scroll down for updates…
Make the call: 202-224-3121.
Hope, however slim, lives:
Confident but not yet celebrating, congressional leaders agreed Thursday on a multibillion-dollar bailout plan for Wall Street aimed at staving off a national economic catastrophe. President Bush brought the two men fighting to succeed him to a historic White House huddle on how to sell a deal to lawmakers who were still resisting.
Private talks on Capitol Hill ended at midday with the announcement that an agreement in principle had been reached on a $700 billion financial rescue package that the Bush administration wants. Few details were immediately available.
There were signs that the conservative-leaning House Republican Caucus was not on board. Both of Congress’ Republican leaders, Rep. John Boehner and Sen. Mitch McConnell, issued statements saying there was not yet an agreement.
***
***
Collapsing?
Via ABC News, Paulson and the Democrats are having a snit fit:
ABC News’ George Stephanopoulos Reports: Treasury Secretary Henry Paulson fears the Wall Street bailout deal is falling apart after a chaotic White House meeting, sources say.
Paulson walked into the room where Democrats were caucusing after today’s meeting at the White House and pleaded with them, “Please don’t blow this up.”
Rep. Barney Frank, D-Mass., chair of the House Financial Services Committee was livid saying, “Don’t say that to us after all we’ve been through!”
House Speaker Nancy Pelosi said, “We’re not the ones trying to blow this up; it’s the House Republicans.”
“I know, I know,” Paulson replied.
***
Previous:
An inconvenient truth…and the inevitable lard-up
Kill the bailout: What Bush should tell the nation
Kill the bailout: The Big Lies
Kill the bailout: Go, Shelby, Go!
Kill the bailout: Illegal immigration and the mortgage mess
Kill the bailout: Phones ringing off the hook; student loans, car debt added to proposal
Kill the bailout: Newt Gingrich gets on board
Kill the bailout: The foreign bank angle
Kill the bailout: Will the real fiscal conservatives please stand up?
Why Henry Paulson must be “contained”
The Mother of All Bailouts = The Death of Fiscal Conservatism
See what others have said
Note from Michelle: This section is for comments from michellemalkin.com's community of registered readers. Please don't assume that I agree with or endorse any particular comment just because I let it stand. A reminder: Anyone who fails to comply with my terms of use may lose his or her posting privilege.
Trackbacks
- $700 Billion Bailout: See no evil. Hear no evil. Speak no evil. (UPDATED) « Republican Party of Jefferson County, TN
- Broad agreement reached on bailout bill « The Political Page
- The 21st-Century “New Deal” | shyspeak.net
- What do you Think of the Bailout? | The Daily Conservative
- Economic Crisis: It’s Barney Frank’s Fault « The Dude’s Blog
- Bailout Palooza
- Barack as Student #4 « The Dude’s Blog
- skewred.com » The Bailout, or, The End
- The Obama-Bush bailout plan | The TIW Blog
- Obama Bombs Bailout Meeting–Whitehouse Still Standing–McCain Saved By House Republicans « Pronk Palisades
- Time » Blog Archive » Write Your Rep?
Comments
You must be logged in to post a comment.
Categories: Subprime crisis
Doug Ross @ Journal
» Democrats shocked -- SHOCKED -- that Republicans won't eat the juicy, tender crap sandwich they cooked up all on their own
Green Room
» Miss Me Yet? Bush Billboard Mystery SolvedMudville Gazette
» New Standards in JournalismRedstate
» Michael Steele Plays the Race CardJustOneMinute
» He Played It Left Hand, But Took It Too FarHot Air
» Quotes of the dayEd Driscoll
» The Night Chicago Died
NO. It’s you jackass democrats trying to slide as much of your dream pork through while the Socialism Door is wide open….you stupid ass arrogant skank of a woman.
Sorry.. but this is really p#ssing me off.
^^ What he said.
Well, Washington Mutual just failed. FDIC cut a deal to sell the assets to Morgan/Chase.
Largest bank failure in history at over $300 billion.
Wow, a solution without sticking the taxpayer with the bill. Whouda thunk it.