As part of the agreement in setting up the negotiations taking place in the Capitol office Speaker of the House Nancy Pelosi, there would be four negotiators present in the room. But by late Saturday afternoon, Democrats had broken that agreement, sending Schumer, Senate Budget Committee Chairman Kent Conrad, Sen. Max Baucus, and Sen. Jack Reed in and out of the negotiations. Reed, especially, was, according to a Treasury aide, a vocal participant in the negotiations, at one point shouting down Blunt.
Overshadowing the negotiations was Sen. John McCain, who had convened an emergency meeting of economic advisers and surrogates at his Arlington, Virginia national headquarters, and from there was making calls to mostly conservative members of the House caucus, measuring their willingness to back a compromise Wall Street bailout proposal.
Oddly — at least from the Bush Administration perspective — Democrats were insistent that Treasury Secretary Paulson remain at the helm of whatever funding/bailout entity was formed by the negotiations and legislation. Meanwhile, Republicans, led by McCain, were said to be proposing an independent chief of the bailout entity.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?