House GOP wants changes to rescue bill [Thr/Fri deadline? GOP balk at joining "political dead pool"]

TheHill.com ^ | September 27, 2008

[RochesterFan]

Good for them. Stand strong!

[Paladin2]

The Republicans should only sign on if the deal includes the resignations of Frank, Dodd and Schumer.

[CatOwner]

GOPers also want to eliminate a Democratic provision that would dedicate a portion of any profits from the eventual sale of purchased assets to an affordable housing fund the GOP has said would benefit groups tied to Democrats.

So, the ACORN pork it is still in the bill. Mark my words, this will make it to the President's desk and he will sign it.

[FlingWingFlyer]

Pelosi said she wanted to “save the planet.” This is her big chance. She doesn’t need the GOP. She already has all the votes she needs with the DemocRATS.

[Inyokern]

Why doesn’t McCain go before TV cameras and say, “At this time when our financial system is teetering on the brink of disaster, the Democrats are trying to funnel billions of taxpayer dollars to a leftwing group associated with Senator Obama?”

[misterrob]

The markets won’t like it but as long as there is action towards a resolution then the world won’t end. No action and allowing the financial system to collapse would be negligent though. There are some solutions out there that won’t completely screw the tax payer.

[teletech]

The question I ask is will the markets wait until Thursday? Will the economy wait until Thursday? If this goes until Thursday, how much further will McCain/Palin fall in the polls or doesn’t that matter?

[unspun]

GOPers also want to eliminate a Democratic provision that would dedicate a portion of any profits from the eventual sale of purchased assets to an affordable housing fund the GOP has said would benefit groups tied to Democrats.

Fear and dread of mentioning the acronym, "ACORN!" Gasp!

[org.whodat]

“Well, it needs to happen by Sunday, if it doesn't happen by Sunday, it could be Thursday or Friday of next week,” Blunt said.

The longer it takes the better, might even be able to stretch it into never. Then we need to work on getting back the money paulson has already thrown away to his friends.

[unspun]

GOPers also want to eliminate a Democratic provision that would dedicate a portion of any profits from the eventual sale of purchased assets to an affordable housing fund the GOP has said would benefit groups tied to Democrats.

Fear and dread of mentioning the acronym, "ACORN!" Gasp!

[org.whodat]

“Well, it needs to happen by Sunday, if it doesn't happen by Sunday, it could be Thursday or Friday of next week,” Blunt said.

The longer it takes the better, might even be able to stretch it into never. Then we need to work on getting back the money paulson has already thrown away to his friends.

[B4Ranch]

Schumer was the one who insisted that we not give them the full 700 billion, he wants to dole it out according to results. Right now he appears to be thinking straight.

[FlingWingFlyer]

If the market crashes Monday morning, it’ll be Pelosi’s fault. She had the votes and she failed to pull the trigger.

[CatOwner]

Why doesn’t McCain go before TV cameras and say, “At this time when our financial system is teetering on the brink of disaster, the Democrats are trying to funnel billions of taxpayer dollars to a leftwing group associated with Senator Obama?”

He's being bipartisan. Means about the same as Bush's compassionate conservative.

[Notary Sojac]

Even if the doomsday scenario is true, if the Democrats pass their bill, they will get no significant credit for it (except that contributions to Dem candidates from Goldman and Morgan will probably quintuple).

After all, even the gung-ho bailout boosters will tell you it's not going to cure the patient, the best it can do is stave off a seizure for a few months or years.

So six weeks after the bailout, economic life on Main Street will be no better than today.

Positioning the House GOP (and Senate GOP if they had any nads) to say - "The Dems gave their corporate benefactors $700 billion of your money - notice any improvements in your life?

Given public sentiment, seems like a winning position to me.

[org.whodat]

ROFLOL

[SteveAustin]

The reason the system will “Crash” is because of the runs on the money markets and the weaker banks (like Wachovia).

Why the money runs? Because people are concerned on their monies safety.

We can prevent this by simply raising the FDIC insured deposit amount to $1 million per account. Charge the banks a higher premium.

Most of the “runs” at least by individuals and small businesses is stopped.

Then we can sort this out without tossing $700 billion to Wall Street and foreign banks.

[Mikey_1962]

The GOP House members are impotent, Pelosi could ram this through without them being able to do anything about it.

The just want them on board for political cover.

The are afraid the GOP would use it against them in November. That's why McCain should oppose it and let Bush and the Democrats defend this piece of tripe.

[CatOwner]

We can prevent this by simply raising the FDIC insured deposit amount to $1 million per account. Charge the banks a higher premium.

And those premium costs would be? I talked with someone today who has been in banking for 32 years, and she says increasing the premium costs of the FDIC insurance would likely cause several more banks teetering on the edge to fail. I don't we can afford that many more failures.