So neither party’s House leadership was able to deliver the votes to save the bailout. As Erick noted above, John McCain fought valiantly but came up short in trying to find support in his own caucus, while Barack Obama sat on his hands: Mr. Holtz-Eakin said Mr. McCain had made “dozens of calls” on the bill, some to House Republicans who opposed it. Aides to | Read More »
UPDATE: Looks like they are voting anyway and at last check, the House is all but set to vote the deal down. Hold on to your seatbelts, folks. So, the word just came down that the Senate will not vote on the bailout package until Wednesday night. House Republicans should refuse to vote on the deal until the ballots are cast in the Senate. And | Read More »
The question of the day is whether House Republicans are going to support some form of bipartisan bailout deal. The Paulson plan is pretty much the only plan that is on the table with any conceivable chance of passing a Democrat-controlled House and Senate, period. There will undoubtedly be battles over what to add on to the basic bones of the Paulson plan, or whether | Read More »
Gregory: “Is there any other point to which you would wish to draw my attention?” Holmes: “To the curious incident of the dog in the night-time.” Gregory: “The dog did nothing in the night-time.” Holmes: “That was the curious incident.” In politics, actions speak louder than words, and inaction sometimes speaks even louder. With John McCain leaving the campaign trail to go to Washington to | Read More »
I tried over the weekend to do a more serious post with my analysis of the credit crisis and the bailouts, but basically there’s just no way for me to get into this further without running afoul of my day job. At this juncture, given the limits on what I can write, the best I can offer my readers on the whole Wall Street/bailout issue | Read More »
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