Senate Republican 'Adults' to Guide House Kids on $700 Billion Bailout?
We're hearing lots of talk this afternoon that with the House unable to quickly come up with an alternative to the $700 billion bank bailout it rejected Monday, the Senate is ready to take the lead. It's being described this way, says a source: "It's time for the adult body to take over." And that's from a Republican. A GOP leadership aide said, however, that the effort isn't meant to snub the House, just suggest that it's the other chamber's turn to act. "I think it's more in the line of: The Senate should do something tomorrow. It's possible we will, but we're saying we should."
It may be for nothing, of course, since we reported earlier today that some House conservatives don't believe anything can be done to make them change their "no" vote to a "yes." And for good measure, former House Majority Leader Dick Armey has just issued a letter to supporters—look below—urging voters angry with the bailout to put pressure on those House members who are being targeted by President Bush's team.
Tags: Republicans | Bush administration | Dick Armey
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Reader Comments
The Big one passed
What the senate passed was a septic bowel blockage as a result of stuffing themselves like gluttons on corrupted donation candy from the wicked which of Wall Street. The ony problem is that if the House delivers it, that odoriferous offal will end up on each of our doorsteps to smell for the next 10 years.
Drowning adult
The Government does not need to step into this by taking action and trying to come up with a bailout to save our economy. Just leave it be, it will sort itself out. The corporations needing the bailout money are drowning idustries, the people need to pull them our of the river by their throats. Those who survive will know not to swim in the river of chance. Thats what the banks and corporations did when they made their own business reliant on Loans. Now its caught up to them. Let them drown for their mistakes and the world will be better off and have learned from it.
The big one
McCain had better be voting in favor of a big bailout, or consider him the most colossal liar you-ve ever seen. Leadership, the man says. Now, what the hell is it?
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