Did America Just Get Screwed Again?

25 Sep, 2008 by John Hawkins

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When I wrote this post initially, it was based on two premises that may not turn out to be correct: that the bailout plan is going to pass and that John McCain would support it. Despite the headlines that are out there, it’s not a sure thing on either count yet. So, with that in mind, I removed the post for the moment and will just leave this poll in place.

Update #1: From House Republican Leader John Boehner (R-OH),

“I am encouraged by the bipartisan progress being made toward an economic package that protects the interests of families, seniors, small businesses, and all taxpayers. However, House Republicans have not agreed to any plan at this point. We owe it to all those with a stake in this process to continue our discussions until we arrive at an agreement that is acceptable on both sides of the aisle – and more importantly, one that serves the interests of American taxpayers. With that in mind, I look forward to joining my colleagues, President Bush, Sen. McCain, and Sen. Obama at the White House later today to take the next critical steps on a rescue package.”

Update #2: From Rich Lowry at the Corner, here’s the lowdown on what’s happening,

A friend following it closely says Pelosi wants 110 Republican votes as cover. But the House GOP isn’t close to having that kind of support. It’s more like 50. If Republicans aren’t going along with it, Pelosi will be even more swayed by her most liberal members pulling the package to the left. And the whole thing might end up on the “continuing resolution”–what a mess. Meanwhile, apparently Senate Republicans are relatively passive. The whole game is the House Republicans.