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Mcsame's me first efforts kill agreement

  1. You have chosen to ignore posts from PS911fan. Show PS911fan's posts

    Mcsame's me first efforts kill agreement

    This is no shock to any one that McSame would do anything he could to mess things up.....and boy did he......

    September 26, 2008
    News Analysis

    McCain Leaps Into a Thicket

    Senator John McCain had intended to ride back into Washington on Thursday as a leader who had put aside presidential politics to help broker a solution to the financial crisis. Instead he found himself in the midst of a remarkable partisan showdown, lacking a clear public message for how to bring it to an end.

    At the bipartisan White House meeting that Mr. McCain had called for a day earlier, he sat silently for more than 40 minutes, more observer than leader, and then offered only a vague sense of where he stood, said people in the meeting.

    In subsequent television interviews, Mr. McCain suggested that he saw the bipartisan plan that came apart at the White House meeting as the proper basis for an eventual agreement, but he did not tip his hand as to whether he would give any support to the alternative put on the table by angry House Republicans, with whom he had met before going to the White House.

    He said he was hopeful that a deal could be struck quickly and that he could then show up for his scheduled debate on Friday night against his Democratic rival in the presidential race, Senator Barack Obama. But there was no evidence that he was playing a major role in the frantic efforts on Capitol Hill to put a deal back together again.

    On the second floor of the Capitol on Thursday night, Senator Lindsey Graham, Republican of South Carolina and one of Mr. McCain’s closest confidants, complained to a throng of reporters that Democrats were using Mr. McCain as a scapegoat for the failure of the rescue package. But Mr. Graham was met with a barrage of questions on why Mr. McCain never explicitly said he favored the bailout proposal.

    The situation was evolving so rapidly that it was all but impossible to judge the political implications; with the government under intense pressure to avoid another breach in confidence in the global financial markets, it was possible that a deal could be struck without further reshaping the campaign and that Mr. McCain could still be able to claim a role in a positive outcome.

    Still, as a matter of political appearances, the day’s events succeeded most of all in raising questions about precisely why Mr. McCain had called for postponing the first debate and returned to Washington to focus on the bailout plan, and what his own views were about what should be done. Those political appearances are a key consideration for Mr. McCain less than six weeks from Election Day and at a time when some polls suggest he is losing ground against Mr. Obama, especially on handling the economy.

    The substance of the financial crisis aside, it was already proving a tough stretch for Mr. McCain. Gov. Sarah Palin of Alaska, his running mate, struggled through questions about her foreign policy credentials during an interview with CBS News. Mr. McCain was lampooned on television by David Letterman.

    Mr. Obama might not have fared much better. He had come to Washington only reluctantly, opening himself to criticism by Republicans that he was putting his election bid ahead of the need to resolve the Wall Street crisis, and prompting concern among Democrats that his reaction to the events was simply too measured, considering the stakes.

    Still, by nightfall, the day provided the younger and less experienced Mr. Obama an opportunity to, in effect, shift roles with Mr. McCain. For a moment, at least, it was Mr. Obama presenting himself as the old hand at consensus building, and as the real face of bipartisan politics.

    “What I’ve found, and I think it was confirmed today, is that when you inject presidential politics into delicate negotiations, it’s not necessarily as helpful as it needs to be,” Mr. Obama told reporters Thursday evening. “Just because there is a lot of glare of the spotlight, there’s the potential for posturing or suspicions.”

    “When you’re not worrying about who’s getting credit, or who’s getting blamed, then things tend to move forward a little more constructively,” he said.

    At the very least, Mr. McCain’s actions have shaken up the campaign and the negotiations over the bailout package. It has put him at center stage, permitted him to present himself as putting his country ahead of his campaign — a recurring theme of his candidacy — and put him on deck to, if not help orchestrate a deal, at least be associated with one.

    But Mr. McCain is certainly seeing the risks of making such a direct intervention. He now finds himself in the middle of an ideological war that pits conservative Republicans, loath to spending so much taxpayer money on Wall Street, against the Bush White House, which, with the support of Democrats and a sizable number of Republicans, sees a bailout package as essential to averting a potential economic disaster.

    While there is no doubt a middle ground, at the moment Mr. McCain finds himself between conservatives that he needs to keep on his side for the election, a group that while long wary of him had rallied to his side after his choice of Ms. Palin as his running mate, or being identified with the failure to complete a plan.

    Mr. McCain’s actions have put into doubt what was shaping up as a critical moment in the campaign: the first presidential debate, scheduled for Friday night in Mississippi. In suspending his campaign, Mr. McCain declared that he would not attend the debate unless a deal was worked out. That threat drew considerable criticism on Thursday, from Mr. Obama’s camp, as well as newspaper editorial boards. And as the day went on, Mr. McCain dropped a hint that the ultimatum was not as ironclad as he once said it was.

    The debate on Friday night would appear to play to Mr. McCain’s strengths: Its subject, by the agreement of the two campaigns and the debate commission, is supposed to be national security and foreign affairs. But the debate’s moderator, Jim Lehrer, said Thursday that he did not feel constrained to stick to those two topics, considering what has been going on in the country the past two weeks.

    “I am not restrained from asking questions about the financial crisis,” Mr. Lehrer said in an e-mail message. “Stay tuned!”

    One way or another, it could be in Mr. McCain’s interest to get this issue behind him. A New York Times/CBS News poll released Thursday found new evidence that the deteriorating economic environment was helping Mr. Obama. Voters who said the economy was the key issue for them were far more likely to support Mr. Obama. And 64 percent of voters expressed confidence in Mr. Obama’s ability to make the right decision on the economy, compared with 55 percent who said they were confident in Mr. McCain’s ability, according to the poll.

    In a finding suggesting the difficult terrain Mr. McCain needs to navigate as Congress considers the Wall Street bailout 52 percent of respondents said Mr. McCain care more about protecting the interests of large corporations, compared with 32 percent who said that he cared most about protecting the interests of ordinary people. By contrast, 16 percent of respondents said that Mr. Obama was more concerned with protecting the interests of large corporations, compared with 70 percent said he was more concerned about ordinary people.

    The survey found that Mr. Obama was supported by 47 percent of registered voters, compared with 42 percent for Mr. McCain; essentially the same as a Times/CBS News poll found last week, when Mr. Obama had 48 percent compared with 43 percent for Mr. McCain. The poll, of 936 adults, of whom 844 are registered voters, was taken from Sunday through Wednesday.

    Mr. McCain and Mr. Obama both left the tense hourlong session at the White House through side doors, to avoid waiting reporters. Mr. McCain did a round of interviews timed on the network evening news, using the opportunity to say again and again that he understood the severity of the crisis and believed it would be resolved.

    “Again, I hate to be so repetitious — I am confident we’ll reach an agreement,” he told ABC News. “We have to.”

    Megan Thee contributed reporting.

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    Mcsame's me first efforts kill agreement

    more on the day

    September 26, 2008

    Talks Implode During Day of Chaos; Fate of Bailout Plan Remains Unresolved

    This article was reported by David M. Herszenhorn, Carl Hulse and Sheryl Gay Stolberg and written by Ms. Stolberg.

    WASHINGTON — The day began with an agreement that Washington hoped would end the financial crisis that has gripped the nation. It dissolved into a verbal brawl in the Cabinet Room of the White House, urgent warnings from the president and pleas from a Treasury secretary who knelt before the House speaker and appealed for her support.

    “If money isn’t loosened up, this sucker could go down,” President Bush declared Thursday as he watched the $700 billion bailout package fall apart before his eyes, according to one person in the room.

    It was an implosion that spilled out from behind closed doors into public view in a way rarely seen in Washington.

    By 10:30 p.m., after another round of talks, Congressional negotiators gave up for the night and said they would try again on Friday. Left uncertain was the fate of the bailout, which the White House says is urgently needed to fix broken financial and credit markets, as well as whether the first presidential debate would go forward as planned Friday night in Mississippi.

    When Congressional leaders and Senators John McCain and Barack Obama, the two major party presidential candidates, trooped to the White House on Thursday afternoon, most signs pointed toward a bipartisan agreement on a grand compromise that could be accepted by all sides and signed into law by the weekend. It was intended to pump billions of dollars into the financial system, restoring liquidity and keeping credit flowing to businesses and consumers.

    “We’re in a serious economic crisis,” Mr. Bush told reporters as the meeting began shortly before 4 p.m. in the Cabinet Room, adding, “My hope is we can reach an agreement very shortly.”

    But once the doors closed, the smooth-talking House Republican leader, John A. Boehner of Ohio, surprised many in the room by declaring that his caucus could not support the plan to allow the government to buy distressed mortgage assets from ailing financial companies.

    Mr. Boehner pressed an alternative that involved a smaller role for the government, and Mr. McCain, whose support of the deal is critical if fellow Republicans are to sign on, declined to take a stand.

    The talks broke up in angry recriminations, according to accounts provided by a participant and others who were briefed on the session, and were followed by dueling news conferences and interviews rife with partisan finger-pointing.

    In the Roosevelt Room after the session, the Treasury secretary, Henry M. Paulson Jr., literally bent down on one knee as he pleaded with Nancy Pelosi, the House Speaker, not to “blow it up” by withdrawing her party’s support for the package over what Ms. Pelosi derided as a Republican betrayal.

    “I didn’t know you were Catholic,” Ms. Pelosi said, a wry reference to Mr. Paulson’s kneeling, according to someone who observed the exchange. She went on: “It’s not me blowing this up, it’s the Republicans.”

    Mr. Paulson sighed. “I know. I know.”

    It was the very outcome the White House had said it intended to avoid, with partisan presidential politics appearing to trample what had been exceedingly delicate Congressional negotiations.

    Senator Christopher J. Dodd, Democrat of Connecticut and chairman of the Senate banking committee, denounced the session as “a rescue plan for John McCain,” and proclaimed it a waste of precious hours that could have been spent negotiating.

    But a top aide to Mr. Boehner said it was Democrats who had done the political posturing. The aide, Kevin Smith, said Republicans revolted, in part, because they were chafing at what they saw as an attempt by Democrats to jam through an agreement on the bailout early Thursday and deny Mr. McCain an opportunity to participate in the agreement.

    The day seemed to hold promise as it began. On Wednesday night, Mr. Bush had delivered a prime-time televised address to the nation, warning that “our country could experience a long and painful recession” if lawmakers did not act quickly to pass a huge Wall Street bailout plan.

    After spending Thursday morning behind closed doors, senior lawmakers from both parties emerged shortly before 1 p.m. in the ornate painted corridors on the first floor of the Capitol to herald their agreement on the broad outlines of a deal.

    They said the legislation, which would authorize unprecedented government intervention to buy distressed debt from private firms, would include limits on pay packages for executives of some firms that seek assistance and a mechanism for the government to take an equity stake in some of the firms, so taxpayers have a chance to profit if the bailout plan works.

    “I now expect we will indeed have a plan that can pass the House, pass the Senate, be signed by the president, and bring a sense of certainty to this crisis that is still roiling in the markets,” said Robert F. Bennett, Republican of Utah, a member of the banking committee.

    He made a point of describing that meeting as free of political maneuvering. “It was one of the most productive sessions in that regard that I have participated in since I have been in the Senate,” Mr. Bennett said.

    But a few blocks away, a senior House Republican lawmaker was at a luncheon with reporters, saying his caucus would never go along with the deal. This Republican said Representative Eric Cantor of Virginia, the chief deputy whip, was circulating an alternative course that would rely on government-backed insurance, not taxpayer-financed purchase of mortgage assets.

    He said the recalcitrant Republicans were calculating that Ms. Pelosi, Democrat of California, would not want to leave her caucus politically exposed in an election season by passing a bailout bill without rank-and-file Republican support.

    “You can have all the meetings you want,” this Republican said, referring to the White House session with Mr. Bush, the presidential candidates and Congressional leaders, still hours away. “It comes to the floor and the votes aren’t there. It won’t pass.”

    House Republicans have spent days expressing their unease about a huge government intervention, which they regard as a step down the path to socialism.

    Mr. Smith, the aide to Mr. Boehner, said the leader had directed a group of Republicans a few days ago to see whether they could come up with alternatives that relied less on tax funds in providing the rescue package; that led to Mr. Cantor’s mortgage-insurance approach. He said Mr. Boehner thought Mr. Cantor’s idea should be taken into consideration in the talks.

    At 4 p.m., Mr. Bush convened his meeting at the White House; Mr. McCain had already met with House Republicans to hear their concerns. He later said on ABC that he had known going into the White House that “there never was a deal,” but he kept that sentiment to himself.

    The meeting opened with Mr. Paulson, the chief architect of the bailout plan, “giving a status report on the condition of the market,” Tony Fratto, Mr. Bush’s deputy press secretary, said. Mr. Fratto said Mr. Paulson warned in particular of the tightening of credit markets overnight, adding, “that is something very much on his mind.”

    Mr. McCain was at one end of the long conference table, Mr. Obama at the other, with the president and senior Congressional leaders between them. Participants said Mr. Obama peppered Mr. Paulson with questions, while Mr. McCain said little. Outside the West Wing, a huge crowd of reporters gathered in the driveway, anxiously awaiting an appearance by either presidential candidate, with expectations running high.

    Instead, the first politician to emerge was Senator Richard C. Shelby of Alabama, the senior Republican on the banking committee, waving a sheet of paper that he said detailed his own concerns. “The agreement,” Mr. Shelby declared, “is obviously no agreement.”

    The House Republicans’ revolt shocked Democrats; the Senate majority leader, Harry Reid of Nevada, said later that he was under the impression that Mr. Boehner had been a strong advocate for moving forward with the Paulson plan.

    Representative Barney Frank, the Massachusetts Democrat, who attended the White House meeting, was shocked as well. “We were ready to make a deal,” Mr. Frank said later.

    At 8 p.m., an exasperated Mr. Frank, the lead Democratic negotiator, walked back to the Rules Committee room on the second floor of the Senate side of the Capitol, with a pack of reporters on his heels. He was headed for another late-night meeting with Mr. Paulson and many other lawmakers to see whether they could restart the negotiations — and ward off a Friday morning bloodbath in the markets.

    Ms. Pelosi told reporters that she was open to considering ideas proposed by the House Republicans. And Mr. McCain and Mr. Obama both said they held out hope that a deal could be reached soon.

    At the White House, Mr. Bush was holding fast to the approach that Mr. Paulson has championed.

    “In case there’s any confusion,” Mr. Fratto, the deputy press secretary, wrote in an e-mail message. “The president supports the core of Secretary Paulson’s plan.”

    Elisabeth Bumiller contributed reporting.

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  4. You have chosen to ignore posts from PS911fan. Show PS911fan's posts

    Mcsame's me first efforts kill agreement

    Your sarcasm is correct....McSame is the problem

    [Quote]McSame talking points exposed! Rushes to Washington to bail out his rich friends in political stunt!!!

    McSame stunt scuttles bailout agreement! We are doomed because of McSame.[/Quote]
  5. You have chosen to ignore posts from Pymus. Show Pymus's posts

    Mcsame's me first efforts kill agreement

    Meanwhile - Obama will be there if you really need him. Just give him a call. He may be able to squeeze the country in after checking his schedule. After all he's rehearsed his lines for the debate. Now John McCain is screwing up his timing.
  6. You have chosen to ignore posts from brat13. Show brat13's posts

    Mcsame's me first efforts kill agreement

    [Quote]A cheap political gimmick from a fading campaign. Pathetic.[/Quote]
  7. You have chosen to ignore posts from easydoesit2. Show easydoesit2's posts

    Mcsame's me first efforts kill agreement

    McCain blew it. He just might have been able to lay claim to the unquestionable mantle of "Leadership". People would have forgotten the charge that he's weak on economics if he could point to a megadeal he led to completion. Instead, by all accounts, he sat there like a mute, along for the ride, when even our idiot President saw, and said, the morning's agreement in principle was disintegrating before his eyes.
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  9. You have chosen to ignore posts from ps2man. Show ps2man's posts

    Mcsame's me first efforts kill agreement

    I CAN'T TAKE ANYTHING YOU WRITE SERIOUSLY when you refer to McCain as McSame.

    so I will from now now rename Obama, Borat YoBama