Word: mccain
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...minds of Democrats, what changed was the dramatic decision by McCain, who does not serve on the Senate Banking Committee and has rarely exhibited much interest in crafting financial legislation, to come to Washington. "This notion that somehow John McCain is going to ride to the rescue, I think, is a notion in his own mind, not in the reality of what we're facing here," said Illinois Senator Dick Durbin, the No. 2 Senate Democrat. "Bringing the presidential political campaigns to the halls of Congress is not going to make this any easier...
...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...
...give the illusion of an agreement and force it down the throats of unwilling House Republicans. Some point to Senate Majority Leader Harry Reid's comments Thursday morning that the deal represented what he liked to call "the Obama principles," thus handing the credit to the Illinois senator. And McCain campaign staffers point out that only a couple of days ago Democratic leaders were insisting that McCain had to get involved and help bring his party on board if the plan was going to pass...
...Thursday were talking up an alternative proposal for the government to help insure the bad mortgage-backed assets rather than buy them up, but that less-expensive option has little support from either Democrats or the Bush Administration. "Members are aware of the crisis situation that we're in," McCain told ABC News Thursday. "They do have concerns, which I think when you're talking about $700 billion or a trillion dollars, that need to be addressed so that this is a genuine bipartisan, bicameral agreement...
...measure of political cover. In the end such an approach may be the only viable way out of a fine mess that has left markets reeling, the economy on the brink of collapse and Washington looking once again like the dysfunctional place that both Barack Obama and John McCain have pledged to change...