Friday, September 26, 2008

There's progress, and then there's John McCain progress

From the McCain campaign:

Senator McCain has spent the morning talking to members of the Administration, members of the Senate, and members of the House. He is optimistic that there has been significant progress toward a bipartisan agreement now that there is a framework for all parties to be represented in negotiations, including Representative Blunt as a designated negotiator for House Republicans. The McCain campaign is resuming all activities and the Senator will travel to the debate this afternoon.

All the news this morning was about how there was a major breakdown in discussions, that there are two competing plans (the Dodd variant on the Paulson one, or something like that, and the House GOP insurance scam) that have nothing in common and where the House GOP members have dug their heels in and are posturing like they're the defenders of the holy land or something and how W is impotent and how the meeting yesterday was beyond bad and how Paulson got down on a knee to beg Democrats to not tattle on him, and that the GOP might not even send reps from the House to discussions today, etc.

That's "significant progress toward a bipartisan agreement"? This from the guy who only spoke at the White House meeting when prodded by his opponent?

Go jump in a woodchipper, Senator McCain.

1 comment:

I'm Not Ned said...

Senator Harry Reid commented to the press that progress was being made "until McCain showed up."

I am having a hard time understanding how the House Repubes can claim a capital gains tax cut will inspire investors to save the banking industry by investing private capital into the failing system. Seems a cap gains tax cut is just another break for those profiting from this (those on covered side of the credit default swaps).

We need to keep a close eye on the repubes proposals. I wouldn't put it past them to use this opertunity to undo the fair housing act of '77 claiming to unburden the system of excess regulation.

As a fiscal conservative I'd prefer there be no cash infusion and just let the failed institutions go away. There are enough banks in sound financial shape that will be more that happy to pick up the slack.

What we really need is to repeal everything Phil Gramm was involved in.

Barring that the Dems plan is the lesser of all the evils I've heard.