Democrat Delay Game - The American Spectator | USA News and Politics
Democrat Delay Game
by

Democrats in the Senate and House believe that if they can string out negotiations on the federal financial markets bailout through Tuesday, “we can get everything we want and more, including solidifying the Obama campaign,” says a Senate Banking Committee staffer working for the majority.

“Let’s see what the White House has to say when the market is cratering again.”

The aide said that that opinion, while shocking, reflected a belief among many Democrats that Wall Street “isn’t our friend, and we really don’t gain much from bailing them all out.”

On the other hand, senior Democrats, including Senate Majority Leader Harry Reid, believe they can still gain all concessions on the bill, plus gain long-term political points this election cycle by “stringing this thing out to Thursday, or just letting the whole deal collapse.”

“This is a Bush and McCain problem, not an Obama problem no matter how much they try to pin it on him and us,” says a House Democrat leadership aide.

But he disputed that the leadership was trying to tank markets for political gain. “I don’t believe it. But I will say this, the Republicans are more than willing to scare the American people about Osama and use the terrorism card against us. So why should we hold off and not use a more immediate national threat to our advantage?”

Sign up to receive our latest updates! Register


By submitting this form, you are consenting to receive marketing emails from: The American Spectator, 122 S Royal Street, Alexandria, VA, 22314, http://spectator.org. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Be a Free Market Loving Patriot. Subscribe Today!