Word: bailouts
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Frank, Barney •effrontery of Paulson's original bailout proposal is mocked by •Republican spin that tone of Pelosi's speech caused insulted members to vote against bailout bill is mocked...
Boehner, John • bailout bill is called a "crap sandwich...
Watching the House of Representatives vote on the Wall Street bailout plan Monday from the press balcony, I happened to be standing next to a House employee - one of the wizened guys who's been there for years working the lights and audio for the chamber. As the vote stretched out and looked increasingly doomed, he nudged me, "Look at the center aisle, those Blue Dogs, when they need votes that's who they go courting...
...surprisingly, the Blue Dogs aren't too happy about being put in such an awkward position. "I am so thoroughly disgusted with the Senate this morning," said Rep. John Tanner, chairman of the Blue Dogs, who originally voted for the bailout but now is undecided on the package. "It is just breathtakingly hypocritical for them, particularly the minority leader in the Senate, to claim that this is their finest hour and they're sending us the bill here and we've got to make some tough decisions...
...that has shaken the financial markets, it's that it has highlighted problems they have been warning about for several years; their gripe is that the supposed solution now includes the same out-of-control pork barrel spending that they have been decrying. "The way I see it, the bailout forced us to go into the flooded basement and pump out the water," says Rep. Jim Cooper, a Tennessee Blue Dog, "and while we're down there we see there's termites everywhere...