Bailout Deal Went Bust in ‘Ugly’ White House Meeting

"We know we've got to get something done as quickly as possible."

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September 26, 2008 at 7:53 am - CNN
Dateline: Washington, DC
Eduardo   September 26th, 2008 - 8:10 am

The deal went bust because democrats tried to add a bunch of pork projects to it. More welfare money, more food stamp money, more free home heating fuel for the welfare recipients…all paid for by the working people that actually pay taxes. Their deal stinks to high heavens. The American people smell the stench coming out of this plan and are wanting and calling for an alternative plan. There is a reason why all these democrats jumped right on the wagon with Bush and Paulson…too good to be true. Lets take our time and get this right. Most households think long and hard before spending $1000 on something, here we are spending $700 billion after 5 days? With just Paulson and Bush telling us we need to?

The Final Solution   September 26th, 2008 - 8:12 am

Barney Frank tried to push his ho mo wan g down the Republicans throat and they told him where to shove it.

Real nasty confrontation. Will either be viewed as Racist or Anti-$emetic by the MSM!

Gus   September 26th, 2008 - 8:55 am

Ending this report with a completely partisan and editorial comment from Democratic part activist and strategist Donna Brazille negates the journalistic integrity of this report. Much could be said regarding that but the following regarding these deliberations are true according to my knowledge:

1. There was no agreement to this bill and this was falsely reported by the news media and is now being used as a irrational argument to blame McCain by the Democrats.

2. Democrats are already attempting to Christmas tree this bill by essentially adding funding for left leaning and organizations benefitting Democratic Party causes.

3. Senator Chris Dodd’s version includes the transfer 20 percent of the profits to be disbursed as 65 percent to the Housing Trust Fund and 35 percent to the Capital Magnet Fund. This would provide further Federal funding to groups such as ACORN and National Council on La Raza. ACORN is already set to receive Federal funding as earmarked by the Democrats in the housing bill from early this year.

The current claim from Democrats that the Republicans are trying to politicize this deal flies in the face of reality. Given that once again the Democratically controlled congress is creating another slush fund for ACORN whose voter registration activities are clearly beneficial to the Democratic Party itself.

As it stands now, this bill is unacceptable.

The Final Solution   September 26th, 2008 - 9:21 am

Well Gus, I agree with everything you say BUT the only bi-partison solution to this is to do away the the Privately Owned Federal Reserve and to let all the jewish bankers who run it skim their money of some other country. We pay them 6% for every dollar they order to be printed.

They regurgitate some of it back to ALL the elected officials and
Build nuclear weapons in Israel with the usury we pay to them to order up our paper money from the U.S. taxpayer owned Federal Printing Office.

That is the only way presently to solve the problem. The next step will be why the 2nd Amendment was written into the Constitution in my opinion!

Eduardo   September 26th, 2008 - 10:16 am

Thanks, Gus. I just knew something was up with that plan. It was too easy for all these dems to jump right in.

The Final Solution   September 26th, 2008 - 10:46 am

FYI~~~~~~~~~

The Federal Reserve has never had anyone but a jew as the Reserve Chairman. ALL the Reserve chairman of the 10 Reserve Banks are jews.

Check out the book “The Creature From Jekyll Island”. You will all see who is doing this to the U.S.

The 1st two Central Banks in the U.S. were thrown out as this one must be!!!!

Ratt   September 26th, 2008 - 10:49 am

Besides,,, if Pelosi is for it, I’m against it.

R.J.   September 26th, 2008 - 10:59 am

McCain chickened out of the debate, like the coward that he is, using the crisis as an excuse. And that’s the kind of POTUS he would be. But look for to Shrub to suspend the election when he doesn’t get his $700 billion fix. As usual, he’ll blame the Dems and say that the crisis is too important for a change at this time, just like McCain did suspending his campaign. Shrub will invoke NSPD51 (national security presidential directive 51) which he signed two years ago, that gives him the authority to declare martial law, suspend the constitution, dissolve the congress and make himself god. Remember, (HE) is the “decider”.

Dave, Tn   September 26th, 2008 - 11:03 am

Oh the Culture of Corruption http://www.youtube.com/watch?v=H5tZc8oH–o
http://hotair.com/archives/2008/09/26/friends-of-angelo-get-new-invitations-to-a-federal-grand-jury/
Friends of Angelo get new invitations — to a federal grand jury

Now sing along.
Fannie Crack Fannie Crack
They’re in a Fannie Crack
Fannie Crack Fannie Crack
They’re in a Fannie Crack
Oh Fa Fa Fa …. Fannie Crack !!!

Dave, Tn   September 26th, 2008 - 11:13 am

By the way if the song doesn’t register click here. LMAO

http://www.youtube.com/watch?v=z8qIMdFYZIs

K.C.   September 26th, 2008 - 11:19 am

RJ, how is McCain chickening out? He asked Barack Hussein Obama to have additional debates (10 total) months ago. Besides, McCain isn’t the one that stutters and stammers without a teleprompter.

CLINGING_to_GUNS_and_RELIGION   September 26th, 2008 - 11:28 am

WOW, Harry Reid (democrat WHIMP and so-called leader) just said that it is the fault of the Republicans only.

UNBELIEVABLE IGNORANCE from this guy! At a time when America is in total financial CRISIS mode, you have this guy blaming others instead of standing and fighting for America and Americans!

Searchlight Nevada is where he is from, and he sure as hell should have never left!

BILl5321   September 26th, 2008 - 11:41 am

Everyone new the deal was in trouble when the Democratics said progress was made and the deal is almost done.

The Democrates are the majority. Cann’t they do anything right!

The Final Solution   September 26th, 2008 - 11:41 am

Now that credit growth is slowing down, the Federal Reserve Board and the Treasury are trying to reignite it,” says Dr.Marc Faber, the Swiss fund manager now based in Thailand.

“But if the Treasury wants to be stupid and buy assets at 50% more than they are worth, every hedge fund will be arbitraging, buying the garbage and dumping it on them.”

“Everyone should own Gold ,” he advises. “Own it in physical form, not as derivatives with banks, because the banks may not be around tomorrow.”

BILl5321   September 26th, 2008 - 11:43 am

Barney Frank is at fault. He is not getting the job done!

John Q   September 26th, 2008 - 11:54 am

Mission Accomplished G.W.

Eduardo   September 26th, 2008 - 12:06 pm

RJ, you’re a moron. Check your facts before posting here. McCain is going to the debates, you idiot, and he is going to clean Hussein’s clock there. Obama said “anytime, anyplace, anyhow” just as long as its not town hall style, as long as there aren’t tape recorders around, as long as the audience isn’t the kind that cling to guns and religion, there are no questions about his ties to Rezko/Ayres/Farakahn/Wright/Pfleger/Raines/Johnson/Dohrn/, no questions concerning $100/K for a garden in Chicago that never got built, no questions about his time spent in Indonesia/Pakistan/Kenya/Hawaii, no questions about his thesis, no questions about fraud at the Texas/Indiana caucuses.

noneya   September 26th, 2008 - 12:13 pm

You know McCain,or should I say McDramaQueen, really has all you Lee Atwater/Karl Rove republicans figured out. My God! could you be anymore brainwashed???

With his ill-timed grins and his disdain for sticking to a script, McCain and his advisers like to portray him as being at a significant disadvantage to Sen. Barack Obama, whose oratorical skills helped vault him to the Democratic nomination.

The McCain ‘bailout’ occured on Wednesday when he said he was suspending his campaign to ‘immediately return to Washington which he did 26 hrs later after he was on the CBS news and attended Bill Clintons global iniative suggest that McCain’s ambivalence toward debating Obama is the only consistency McCain has.

Yet we are just informed that the debate, will in fact occur. Watch very closely folks and do try to be objective because this debate will offer McCain a chance to demonstrate significant strengths which I know he has. My problem with McCain is that he has become desperate and his decisions have not been good. Picking Palin was a huge mistake. Running back to Washington (over a day later) was nothing but an ill conceived stunt.
Do let your fears of a half black man becoming president cloud your judgement. Obama is smarter than McCain, he has surrounded himself with a more capable team. He chose a vice-presidential candidate who actually has foreign policy experience and is able to answer questions intelligently.

PaleRyder   September 26th, 2008 - 12:39 pm

Obama came into this meeting and every other dem deferred to him.From there the meeting went straight into the toilet,as Barry doesn’t have a clue and was relying on false info from emails from insiders in his campaign.McCain sat and listened and barry took the floor and blew it up.The dems are running for cover with their friends in the media to help it along.If this deal is so great for America,then harry and nancy don’t need a single repub. vote to get it done.Makes you wonder what the delay is and why they want repubs on board,doesn’t it?It’s time to run these hacks out of dc and put their criminal friends who fleeced these companies in jail.Watching harry reid,dodd,nancy and others spew this moronic line about McCain is so transparent and pathetic it is laughable.

yo1   September 26th, 2008 - 12:40 pm

Right on Eduardo-
Does anybody else feel like American is quickly becoming a Communist country?

The Socialist / Democrats are blaming the rich for all the problems completely ignoring the socialistic policies that are the real cause, and completely not investigating nor reporting on Obama’s past.

The left is trying to control everything from education, print and television news, plus leftist television and movies and the one area they don’t have yet is talk radio hence the fairness doctrine. The mainstream media has become a propaganda arm for the Obama campaign and the poor are so stupid that they actually believe the talking points and that socialistic policies actually benefit them.

The principals upon which this country was founded and thrived; limited government, personal responsibility and accountability, and individual freedom as the most efficient means for life, liberty and the pursue of happiness are gone, just gone.

I just don’t get it. Socialism has failed in every instance and yet many Americans are stupid enough to believe that it will benefit them.

We know why the politicians are for socialism it pays them personally very well. Just remember Franklin Raines commits 10.8 Billion of accounting fraud at Fannie Mae, receives 100 Million in compensation, is a freeman and advising Obama –

That could only happen in a country in which the government no longer represents the will of the people. Just think about for a moment. That fraud by Raines via a GSE was the catalyst for the cybernetic loop that has caused trillions of dollars of losses. Not only is this guy free man he is advising the Marxist.

yo1   September 26th, 2008 - 12:42 pm

Noneya confirms my point. Noneya the federal government will not save you.

yeah right!   September 26th, 2008 - 1:12 pm

what?! how could this be?!? I thought Johny “On The Spot” McCain had parachuted into save the day?!

cognitive dissident   September 26th, 2008 - 1:13 pm

this just in from the McCain camp:

“M I S S I O N A C C O M P L I S H E D !”

yeah right!   September 26th, 2008 - 1:14 pm

pale rider-

you sure are shoving a lot of s–t with your shovel & pale there buddy. PURE SPIN.

Angela   September 26th, 2008 - 1:16 pm

So, how is that working with the Dems and singing KUME-BY-YA going for you McCain ol’buddy? Your old buddies in the press and dem party are throwing your ass under the bus. This is how it will be if you have sliver of chance in winning this November. A little glimpse of how being “bipartisan” will be on the Hill. There IS NO SUCH THING! The Dems are Dems first before they are Americans. It’s all about their leftist ideology. Learn that yet?

Oh, and if the $700 BILLION BILL is so great the Dems need to pass it…they control the congress. Don’t look for Republicans for cover on this one if it ends up not working.

8 YEARS NOW THIS   September 26th, 2008 - 1:21 pm

Beginning in 2000, for the first time in history, Republicans controlled the White House, Senate and House. Look what we have to show for it now.

Ed Schultz   September 26th, 2008 - 1:30 pm

The real reason McCain wanted to postpone the debates: To be time for his not so “quick study” veep!

“Capitol Hill sources are telling me that senior McCain people are more than concerned about Palin. The campaign has held a mock debate and a mock press conference; both are being described as ‘disastrous.’ One senior McCain aide was quoted as saying, “What are we going to do?” The McCain people want to move this first debate to some later, undetermined date, possibly never. People on the inside are saying the Alaska Governor is ‘clueless.’”

demdicks   September 26th, 2008 - 2:09 pm

Have your half day of fun while it lasts, libs, the truth is beginning to leak out of DC about this sham of a bailout and donation to ACORN. Thank GOD for House Republicans standing up to this outright fraud, obama’s bump in the polls over the lies are already starting to fade. Obama destroyed the meeting that was put on a platter for him, he couldn’t even unite a room!!.

Kathleen Parker, National Review   September 26th, 2008 - 2:10 pm

http://article.nationalreview.com/?q=MDZiMDhjYTU1NmI5Y2MwZjg2MWNiMWMyYTUxZDkwNTE=

Palin Problem
She’s out of her league.

By Kathleen Parker

If at one time women were considered heretical for swimming upstream against feminist orthodoxy, they now face condemnation for swimming downstream — away from Sarah Palin.

To express reservations about her qualifications to be vice president — and possibly president — is to risk being labeled anti-woman.

Or, as I am guilty of charging her early critics, supporting only a certain kind of woman.

Some of the passionately feminist critics of Palin who attacked her personally deserved some of the backlash they received. But circumstances have changed since Palin was introduced as just a hockey mom with lipstick — what a difference a financial crisis makes — and a more complicated picture has emerged.

As we’ve seen and heard more from John McCain’s running mate, it is increasingly clear that Palin is a problem. Quick study or not, she doesn’t know enough about economics and foreign policy to make Americans comfortable with a President Palin should conditions warrant her promotion.

Yes, she recently met and turned several heads of state as the United Nations General Assembly convened in New York. She was gracious, charming and disarming. Men swooned. Pakistan’s president wanted to hug her. (Perhaps Osama bin Laden is dying to meet her?)

And, yes, she has common sense, something we value. And she’s had executive experience as a mayor and a governor, though of relatively small constituencies (about 6,000 and 680,000, respectively).

Finally, Palin’s narrative is fun, inspiring and all-American in that frontier way we seem to admire. When Palin first emerged as John McCain’s running mate, I confess I was delighted. She was the antithesis and nemesis of the hirsute, Birkenstock-wearing sisterhood — a refreshing feminist of a different order who personified the modern successful working mother.

Palin didn’t make a mess cracking the glass ceiling. She simply glided through it.

It was fun while it lasted.

Palin’s recent interviews with Charles Gibson, Sean Hannity, and now Katie Couric have all revealed an attractive, earnest, confident candidate. Who Is Clearly Out Of Her League.

No one hates saying that more than I do. Like so many women, I’ve been pulling for Palin, wishing her the best, hoping she will perform brilliantly. I’ve also noticed that I watch her interviews with the held breath of an anxious parent, my finger poised over the mute button in case it gets too painful. Unfortunately, it often does. My cringe reflex is exhausted.

Palin filibusters. She repeats words, filling space with deadwood. Cut the verbiage and there’s not much content there. Here’s but one example of many from her interview with Hannity: “Well, there is a danger in allowing some obsessive partisanship to get into the issue that we’re talking about today. And that’s something that John McCain, too, his track record, proving that he can work both sides of the aisle, he can surpass the partisanship that must be surpassed to deal with an issue like this.”

When Couric pointed to polls showing that the financial crisis had boosted Obama’s numbers, Palin blustered wordily: “I’m not looking at poll numbers. What I think Americans at the end of the day are going to be able to go back and look at track records and see who’s more apt to be talking about solutions and wishing for and hoping for solutions for some opportunity to change, and who’s actually done it?”

If BS were currency, Palin could bail out Wall Street herself.

If Palin were a man, we’d all be guffawing, just as we do every time Joe Biden tickles the back of his throat with his toes. But because she’s a woman — and the first ever on a Republican presidential ticket — we are reluctant to say what is painfully true.

What to do?

McCain can’t repudiate his choice for running mate. He not only risks the wrath of the GOP’s unforgiving base, but he invites others to second-guess his executive decision-making ability. Barack Obama faces the same problem with Biden.

Only Palin can save McCain, her party, and the country she loves. She can bow out for personal reasons, perhaps because she wants to spend more time with her newborn. No one would criticize a mother who puts her family first.

Do it for your country.

— Kathleen Parker is a nationally syndicated columnist.

demdicks   September 26th, 2008 - 2:20 pm

Kathleen Parker is a nationally syndicated columnist.

And a big time, scared liberal.

Steve F   September 26th, 2008 - 2:24 pm

Once again (since the Dems took control of Congress) things have gone to H*LL in a handbasket. The truth is slowing coming out, W/O the MSM’s spin! It looks REAL BAD for the Dems thier lies will not “fix” the problem. Finally Dems policy with Fannie& Freddie are coming to light and folks DO NOT like what they see. Then in the “rescue” package the Dems try to slip in millions for the CORRUPT ACORN & LA LAZA thugs. Barney Franks boyfriens/husband had a real cushy job at FANNIE MAE..how did that happen Mr./Mrs. Frank?

R.J.   September 26th, 2008 - 2:44 pm

“McCain is going to the debates, you idiot”
First he isn’t, then he is. Flip, flop. Guess that makes him the candidate of change.

Butch   September 26th, 2008 - 3:11 pm

McCain just barged in there and ruined everything! Even Bush hates his guts now!!

Eileen   September 26th, 2008 - 6:54 pm

Things went bust because President Elect McCain forced your hand! You invited him, thinking he wouldn’t show! Said it couldn’t be done without him! He came…you lied and said you had a deal…don’t come. He came anyway…discovered there was no deal…only partisan politics as usual at the expense of the American taxpayers.

You Democrats are disgusting…I mean disgusting…I have no respect for any of you. I think you are all commmitted to self-preservation not preserving our economy and our way of life.

You were right to choose as your candidate the Flim Flam Obamaman…he is just as devious and evil as all of you. He will not be President of these United States…ever! There are too many honest, upstanding citizens who still believe in truth and will vote for truth. We do not buy your lies!

I am so grateful to have President Elect McCain sitting at that table on my behalf making sure you and your cronies don’t try to pass something over on us like you have done time and time again!

The next President of the United States will be President Elect McCain and Vice President Elect Palin. They have my vote in November and I am voting straight Republican to get as many of you and your Democratic cronies out of office and out of leadership!

VOTER REVOLUTION…HERE AND NOW!

“FLIM FLAM”: DECEPTION, FRAUD, DOUBLE DEALING.

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