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...President-elect, however, can be a very persuasive politician, and McCaskill emerged from the luncheon singing a different tune. "He made a pretty compelling case," she said. McCaskill still wasn't quite ready to promise her vote, but others apparently were. Enough Democrats left Tuesday's meeting ready to support Obama that Senate majority leader Harry Reid afterward told reporters, "I think we will get the necessary votes" to block the resolution in a vote expected on Thursday. It was a sharp change from earlier in the morning, when his office had expressed doubts that they had the votes, even...
...Senator Claire McCaskill, a Missouri Democrat. "I couldn't even get to the produce section at the front of the store before people started screaming at me about the TARP." McCaskill, on her way to a Senate Democrats' luncheon with Obama, was dubious that she could be convinced to vote against the resolution. "If we can't get transparency for taxpayers on this, it's going to be difficult to get my vote," said McCaskill, one of Obama's top supporters in the Senate. (See the winners and losers of the Wall Street mess...
...both sides of the aisle he promised better transparency of how the funds are disbursed, reflecting the frustration and anger of many members regarding the Treasury Department's handling of the funds. Still, many Democrats said on Monday that Obama's letter was not enough to convince them to vote against the resolution, which was filed by Senator David Vitter, a Louisiana Republican. Most fiscal conservatives, like Vitter, opposed the TARP from its inception, and even those who voted to pass it in September have insisted that something more than Obama's vague promises is needed to win their grudging...
...Michigan Democrat, emerging from the meeting. "In other words, there's a whole host of misuses of the first half which have to be avoided the second time around." The detailed letter, which may come from Obama's economic adviser Larry Summers, is expected to arrive before a potential vote on Thursday. Levin added that such a letter would be enough for him to vote against the resolution...
...other side of the aisle, many Republicans who voted for the first tranche of the TARP were leery about this second vote, because at least $23.4 billion of the initial outlay has been used, over their objections, to bail out the auto industry. Summers, in a separate letter earlier this week, pledged that any additional funds for the automakers would not come from the TARP monies. "There are some folks [on] our side who are open to being against this resolution, and if they can negotiate some language that would be acceptable, I think you can get some votes," said...