CNN: Obama Tried to Rescue Meeting, McCain Was Silent
Thu Sep 25, 2008 at 08:38:41 PM PDT
Fourty years of republican misrule has brought us to this. Financial ruin at every level. But CNN reported on what happened inside the meeting at the White House today. Its failure seems to have caused the failure of this deal, and this meeting would not have occured if McCain hadn't demanded it. He took another huge gamble, and lost. After the cameras left, Boehner started ranting about the right wing "plan" (deregulation, capital gains tax cuts, and an insurance plan that Paulson said won't work). Bush was silent, and McCain said nothing. It seems as though Obama was the only one who tried to lead the meeting to some productive conclusion. CNN said that Obama first tried to reason with Boehner, and ask him to detail what his plan was. After he did this, Obama calmly asked Paulson if it would work, and Paulson said that it definately would not work (which was why house republicans didn't ask him about this at the meeting yesterday). Obama continued with his attempts to salvage the mess that McCain created and refused to correct, but was unable. Again we see how much we need Obama and his leadership, and how disastrous McCain would be.
EmperorHadrian's diary :: ::
Barney Frank just said that Lindsey Graham is now saying that the plan to allocate 20% of profits made to housing assistance for low income home owners is not acceptable, even though Senators Corker and Bennett said it was acceptable this morning. This goes further to the point that McCain is actively trying to kill this deal. You can't reason with a house full of ideologues any more than you can teach a dog calculus.
It is plainly obvious that McCain was principaly responisble for the failure of this bailout deal. And, for everyone here, this is a bailout of main street, not wall street. Without credit, main street cannot function. Plus taxpayers will probably make a profit, or at least lose very little money. Without it, we are possibily looking at Great Depression II, and the sequel is always worse than the original.
Update: The New York Times does mention this incident in a new article.Instead he [McCain] found himself in the midst of a remarkable partisan showdown, lacking a clear public message for how to bring it to an end.
At the bipartisan White House meeting that Mr. McCain had called for a day earlier, he sat silently for more than 40 minutes, more observer than leader, and then offered only a vague sense of where he stood, said people in the meeting.
Still, by nightfall, the day provided the younger and less experienced Mr. Obama an opportunity to, in effect, shift roles with Mr. McCain. For a moment, at least, it was Mr. Obama presenting himself as the old hand at consensus building, and as the real face of bipartisan politics.
Update 2: Remember this Kossacks, what do all great presidents have in common? Think Lincoln or FDR. They all came into office during a time of extreme crisis. Good times don't make great presidents. Bad times make great presidents, or in McCain's case, absolute disasters.
Obama being Presidential. I'm not surprised.
McCain is a joke, a fraud, and a Punk @#%$+~^@%!