Word: unpopular
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...that Paulson did not have such foresight. A Secretary of the Treasury who is unable to notice or acknowledge the symptoms of the crash should not be given an enormous sum to attempt to set us on track. It’s not surprising that his bailout solution is unpopular among economists and, according to polls, the American public. In a recent poll, 55 percent of Americans indicated that they do not favor bailing out private companies using taxpayers’ money, which is what this $700 billion purchase of mortgage-backed securities composes. Investors George Soros, Carl Icahn...
...House meeting that his caucus does not support the deal and that alternatives should be considered. House Speaker Nancy Pelosi has demanded that Boehner get at least half of his caucus - or 100 members - to vote for the legislation so that Democrats are not left passing this still very unpopular bill by themselves less than two months before the election. Boehner simply doesn't have the votes and nothing that President Bush, Vice President Cheney, Secretary Paulson or even Boehner has said has swayed the GOP's rank and file...
...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...
Just two days after John McCain dramatically suspended his campaign and vowed to return to Washington and help reach a deal on an unpopular financial-bailout package, his staff announced this morning that he is resuming his campaign and that he will attend the debate tonight in Mississippi...
...this activity came amid several days of Democratic pressure on the White House to do or say something that would force enough Republican House members to support the unpopular Bush bailout plan proposed by Treasury Secretary Henry Paulson over the weekend - pressure that led to President Bush's 15-min. prime-time address last night. Democrats have been unwilling to whip members of their own caucus to support the plan without a full White House push of GOP members. Bush, therefore, turned up the heat. "Our country could experience a long and painful recession," he warned. "Fellow citizens, we must...