Word: gop
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...simply didn't have the votes, House Republican leaders forced a renegotiation of the bill, moving it further to the right to make it more palatable to their members. Then, after marathon talks over the weekend, an agreement was struck in the wee hours of Sunday morning, and the GOP House leadership quickly got behind the deal. "We are supporting this bill," House minority leader John Boehner told reporters Sunday night, adding that he was asking members to vote for the measure...
...couldn't be much worse, with just 36 days to go before the elections. House Republicans are particularly exposed, with 29 retiring members, many of them in swing districts. House Republicans are also $50 million behind the Democrats in fund-raising, and the Dems are already running commercials criticizing GOP deregulation of the markets and efforts to privatize Social Security in six vulnerable districts, with many more coming...
...remained unclear, however, how rebellious House Republicans would receive the deal. GOP Presidential candidate John McCain said Sunday morning that he hoped to support the package once he saw the details, and he consulted by telephone with Paulson throughout the Saturday evening negotiations, as did Democrat Barack Obama. Obama released a statement early Sunday calling the deal necessary, but also, "the culmination of a sorry period in our history...
...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...
...players at this point are House Republicans - a group that normally is all but irrelevant on Capitol Hill. Speaker Nancy Pelosi - mindful of the electoral disaster that befell her party after it passed Bill Clinton's controversial budget plan in 1993 without any GOP votes - has said she will not bring any markets stabilization package to the floor without a majority of House Republicans on board. With constituent telephone calls to congressional offices running 100 to 1 against the proposed $700 billion Bush Administration bailout plan, the last thing Pelosi wants to do is force her own members to walk...