bailout deal stalled
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| Thu, 09-25-2008 - 10:22pm |
U.S. bailout deal stalled
WASHINGTON (Reuters) - A deal to rescue the faltering U.S. financial system stalled on Thursday amid bickering between Democrats and Republicans and accusations of political posturing by Republican presidential candidate John McCain.
U.S. lawmakers had appeared close to a final agreement on Thursday on a massive $700 billion (377 billion pound) bailout to save the financial system, lifting world stock markets and sending the dollar higher. But things spun off course during an emergency White House meeting between Congressional leaders with U.S. President George W. Bush, according to lawmakers.
In advance of that meeting, which included the two men battling to succeed him, Democrat Barack Obama and McCain, a compromise bipartisan deal seemed imminent.
After the session, Congressional leaders said an agreement could take until the weekend, sending U.S. stock futures down, paring earlier gains.
Republican U.S. Sen. Richard Shelby bluntly told reporters, "I don't believe we have an agreement.
A group of conservative Republican lawmakers proposed an alternative mortgage insurance plan, eschewing the Bush administration's Wall Street bailout just weeks before the November

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But how do you KNOW that McCain is thinking about us? Were you in the room while they were discussing the bailout? I'm not saying you're wrong b/c I wasn't there either so I don't think it's my place to say whether McCain is helping matters or making things worse. All I can do is listen to the opinions of those in that were actually in the room.
Chrissy
mom to Aidan 8/21/03
Grayson Blaine 12/30/07
It all depends on what view each politician sees for our future.
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Yes, but McCain is ALSO the man that was saying just days ago that if we didn't "get this done NOW" and get it "taken care of" that our country would spiral into another great depression. HE was the saying that this NEEDED to be done and that we HAD to bail out these companies to save the American economy!!!
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The problem with that is that the only opinions that the liberal media will tell you about are the angry democrat opinions.
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The problem with that is that the only opinions that the liberal media will tell you about are the angry democrat opinions.
Chrissy
mom to Aidan 8/21/03
Grayson Blaine 12/30/07
>>As for your family finances....at the risk of sounding politically incorrect...part of the problem with Americans is that they have more children than they can afford and then blame the government for their predicament.
How did the $700 billion bailout become the Democrats idea?
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