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...Democrats are having none of this tale of woe. As far as they're concerned the GOP's platform of deregulation is what caused this problem, and it's a GOP President - however unpopular - who is demanding this fix. They view Boehner's stance with deep suspicion. If enough Republicans did not support the bill, why, they ask, did Republican Senator Bob Bennett and Representative Spencer Bachus, the top Republican on the House Banking Committee, stand at the press conference on Thursday announcing the agreement and voice their support? Why wait until a meeting at the White House to throw...

Author: /time Magazine | Title: Who's to Blame for the Bailout Deal's Stumble? | 9/26/2008 | See Source »

...Perhaps, the Democrats now wonder, the point was actually to make it harder. Some party members think Boehner created a problem for the Republican nominee to fix; if the House Republicans can be brought around from their initial intransigence, McCain would be seen as the savior of the bill. Even some of the McCain campaign's statements Thursday afternoon seemed to suggest as much. "We're optimistic that Senator McCain will bring House Republicans on board without driving other parties away, resulting in a successful deal for the American taxpayer," said McCain spokeswoman Kimmie Lipscomb...

Author: /time Magazine | Title: Who's to Blame for the Bailout Deal's Stumble? | 9/26/2008 | See Source »

...ranking negotiator to the talks Friday: Minority Whip Roy Blunt. As the Republicans' chief vote-counter in the House, Blunt comes to the table with a keen sense of what will and what won't pass muster with Republican members. Shortly before the talks resumed, House Minority Leader John Boehner sent Pelosi a letter making it clear that his members will not back down from their insistence that the proposal undergo a major redesign. "If such consideration is not given, a large majority of Republicans cannot - and will not - support Sec. Paulson's plan," Boehner wrote. "In the interest...

Author: /time Magazine | Title: Can Congress Build a Better Bailout? | 9/26/2008 | See Source »

...Boehner's resistance had been blamed as the reason that Thursday's high-profile White House meeting had broken up in disarray. And Boehner on Friday wasn't apologizing for his refusal to go along. "If they thought they were rolling me," he said, "they were kidding themselves...

Author: /time Magazine | Title: Can Congress Build a Better Bailout? | 9/26/2008 | See Source »

...Democrats, by contrast, have made no secret of their belief that McCain's involvement in the bailout talks has made a resolution that much harder. Many of them believe that House Majority Leader John Boehner, who got a standing ovation from his caucus Friday morning, wanted to slow down the process so that McCain could take credit for bringing all sides together. Such suspicions were further fueled by the fact that McCain's campaign manager Rick Davis had been actively meeting with House Republican leaders on Thursday, even as McCain had claimed to have suspended his campaign to help work...

Author: /time Magazine | Title: Can Congress Build a Better Bailout? | 9/26/2008 | See Source »

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