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StumblePublished Thursday, Sept. 25, 2008 | 4:38 p.m.
Updated Tuesday, Oct. 28, 2008 | 10:15 a.m.
WASHINGTON -- When asked what he expected to happen at this afternoon’s highly unusual meeting of presidential candidates, congressional leaders and President Bush on the $700 billion bailout, Senate Majority Leader Harry Reid had a one word answer: Nothing.
But apparently sources are reporting the deal that congressional leaders had essentially struck after a nearly all-night negotiating session that stretched into today was falling apart at the contentious meeting.
An update is expected in a matter of minutes.
The majority leader faces a quandary as large swaths of Republicans – including Nevada’s lawmakers – have yet to agree to come on board. That leaves Reid trying to build a coalition to support, in record speed, a Bush administration proposal that Democrats have agreed needs to be passed – so long as there are concessions for Main Street.
To further prop up Main Street, Reid unveiled a $56 billion bill this afternoon to stimulate the economy by getting cash in the hands of middle America. The bill includes an extension of unemployment benefits, an increase in food stamps, home heating assistance and a jobs program by getting money to the states to build roads and renewable energy projects.
Harry Reid is going to shutdown the U.S.Senate in the middle of a crisis.
Harry Reid and Nancy Pelosi admitted they cannot do their job. Congressional leaders had struck a failed deal because they did not feel they had to consult with House REPs.
So much for the Unity party.
Harry Reid called out for McCain to come to Washington to support the Bailout.
Everybody said it had to be done ASAP
Of course, after Obama has missed ten joint town hall meetings, that this one debate is more important then a Pearl Harbor event in the economy. Then we are in trouble.
Apparently Obama is just mad because he cannot spend his three day of learning and practicing foreign affairs.
For Reid to call McCain a chicken to debate, is just an extension of current left blogs.
THIS IS THE CHANGE that the DemocRATS promised voters in the last election.
Remember that when you go to the polls in November to vote for a President!
Harry "nepotism" Reid proclaims a few days before the bailout discussion that McCain is to blame for it's failure, even before talks have even begun. Harry Reid,,,psychic or psychotic?
Madame Speaker, Nancy "let em eat cake" Pelosi, shuts down Congress and refuses to allow a vote on a viable Energy Bill to lower gas and grocery prices (which also accounts for the cancellation of construction of many casinos and resorts)
so she can go on her ALL IMPORTANT book tour and sells less than 3,000 copies of her book, while the rest of the country's citizens struggle to pay their way just to go to work! The people have spoken, Nancy, and they'd like to wipe that overly botoxed smile right off your haggly mug!
Get a clue, people!
Obama/Osama(as Teddy Kennedy calls him)/Oprama is MORE OF THIS KIND OF CHANGE!
http://katysconservativecorner.typepad.c...
"No Bailout for Foreign-Based Banks" by James Andrew Dunn
"As many of you have already heard, a last-minute revision to the Treasury Dept's buyout plan INCLUDES FOREIGN BASED BANKS WITH U.S. OPERATIONS.
This buyout plan is being presented to Congress and is under intense pressure from the White House for passage.
As President Bush said today, "the world is watching."
They certainly are: they're watching to see how generous we'll be to the so-called "world economy" with our tax dollars. I wonder if the taxpayers of Dubai, the European Union and Communist China will also be expected to pitch in?
The American people have NO LEGAL OR MORAL RESPONSIBILITY TO BAILOUT FOREIGN BASED BANKS!
We are citizens of the United States, not "citizens of the world."
Please contact your congressmen and urge them to oppose any provision that includes a taxpayer-funded buyout for foreign-based banks."
Lets wise up and get rid of this bum.
Of course harry expects little in negotiations. Reid and Pelosi have both submarined this work. They announced a deal without the Republican leaders acceptance so they wouldn't be in danger of McCain helping. harry then "blows a gasket" according to one press release. Then he cancells the votes and wont negotiate. Harry Reid needs to be thrown out of office. Tell harry what you think, especially about adding Billions in pork to this deal and then proposing another $50 billion in stimulus for us to borrow.
email link
http://reid.senate.gov/contact/index.cfm...
Las Vegas
Lloyd D. George Building
333 Las Vegas Boulevard South, Suite 8016
Las Vegas, NV 89101
Phone: 702-388-5020 / Fax: 702-388-5030
With an approval rating of less than 10% and no leadership ability with Searchlight Harry and Madame Marie Antoinette Pelosi what else would you expect???????? Time for beheadings to begin.
Stop it. Right now. Both parties have betrayed our trust. Both parties are at fault, equally. It's time to sink or swim. Government has caused EVERY PROBLEM we have today or made it worse by their actions. We can no longer depend on government. Do not allow them to enrich their friends on Wall St. anymore. If they want to give $700 billion away, give it to the taxpayers. We'll cure the financial woes of this country if every one of the 200 million citizens gets approximately $300,000. Do it now or do nothing. I'm SICK of politicians of all stripes.
Democrats passed the elimination of Glass-Stiegal, which Bill Clinton signed. Democrats passed the Community Reinvestment Act which forced banks to loan to high risk low income borrowers, forced or lose their charter to be a bank. Democrats refused in 2002, 2003 and the McCain bill in 2006 to reign in Fannie Mae and Freddie Mac and now want equal blame for their socialist plans.
Harry Reid and Nancy Pelosi have failed again.
By ignoring Republican ideas and issue, and still expecting them to vote YEA is classic Harry Reid and Nancy Pelosi unity happy talk.
Without McCain to force Harry Reid and Nancy Pelosi hands there would not be action today.