Scheiffer: Paulson Pleaded for McCain to Return to Washington
September 25th, 2008 at 06:27pm KMorrison
NewsBusters reports Schieffer: Paulson Pleaded for McCain to Save Bailout (follow link for video).
Here was Schieffer speaking with the Early Show’s Maggie Rodriguez at 7:05 AM EDT today:BOB SCHIEFFER: I am told, Maggie, that the way McCain got involved in this in the first place, the Treasury Secretary was briefing Republicans in the House yesterday, the Republican conference, asked how many were ready to support the bailout plan. Only four of them held up their hands. Paulson then called, according to my sources, Senator Lindsey Graham, who is very close to John McCain, and told him: you’ve got to get the people in the McCain campaign, you’ve got to convince John McCain to give these Republicans some political cover. If you don’t do that, this whole bailout plan is going to fail. So that’s how, McCain, apparently, became involved.
Continued Schieffer . . .
SCHIEFFER: He has gotten what he wants, he’s going to have this meeting, kind of a summit today with the president and Barack Obama. I’m told that the leaders of both parties are getting close to having some kind of a bill. The question, though, is whether rank-and-file Republicans, especially, are going to vote for this.
…And that’s where McCain comes in.
This certainly contradicts the spin that Senator McCain was motivated by politics. The fact remains that no one really knows how this will all play out. No one knows how much of the current events in Washington are influenced by politics. What is known is that there is an economic crisis that needs to be addressed, and the role Senator McCain is playing is significant.
Scheiffer: Paulson Pleaded for McCain to Return to Washington
Entry Filed under: John McCain, Media Bias
4 Comments Add your own
1. Eric T | September 25th, 2008 at 9:28 pm
http://news.yahoo.com/s/ap/20080925/ap_on_bi_ge/financial_meltdown
But conservatives were still in revolt, balking at the astonishing price tag of the proposal and the heavy hand of government that it would place on private markets. Sen. Richard Shelby of Alabama, the top Republican on the Senate Banking Committee, emerged from the White House meeting to say the announced agreement “is obviously no agreement.”
One group of House GOP lawmakers circulated an alternative that would put much less focus on a government takeover of failing institutions’ sour assets. This proposal would have the government provide insurance to companies that agree to hold frozen assets, rather than have the government purchase the assets. Rep Eric Cantor, R-Va., said the idea would be to remove the burden of the bailout from taxpayers and place it, over time, on Wall Street instead
I think-
This puts McCain in a bind, and couldn’t have come at a worse time. To most Republicans
this is a hard sell, This is big government, a big tax increase. It is totally against what most GOP candidates are out there campaigning for. “Lower taxes” “Less Government”. “Free Market” ect… It could be damaging to alot of GOP campaigns,
The stock market did great today, on its own. If they can drag it out and debate about it for a little longer, company earnings should be coming up soon, that could keep the momentum going for the market. There has got to be some companies out there that did good and can rally the market.
2. Joe | September 26th, 2008 at 4:52 pm
McCain offered nothing. McCain backed nothing. McCain mentions a conservative bone to the wealthy by mentioning a plan to suspend the capital gains tax (as if that would do ANYTHING to help this crisis).
The reason people see thru McCain’s political move to “suspend his campaign” was that this would inject Presidential politics where it isn’t necessary. Well… it looks like that is exactly what happened.
By the way… did anyone see the Palin-Couric interview. OMG! I cringed. Her answers were completely painful and just flat out weird. I actually felt bad for her when listening to her answers. Katie Couric looked like she was thinking “Is this lady really serious????”
Check it out…
http://www.cbsnews.com/video/watch/?id=4478156n
3. Joe | September 26th, 2008 at 4:54 pm
Another tortured answer that just makes one cringe.
I’m waiting to hear people’s defense of her answers…
This is awful regarding the bailout…
http://www.youtube.com/watch?v=npUMUASwaec
4. congressive | September 29th, 2008 at 6:24 pm
Ben Shalom Bernanke will “fix” everything himself.
We are being “shocked” into submission. We are being played like de Klerk played Mandela. The neocons are staging a rolling coup. When a “verbal agreement” is announced and four hours later a two hundred page document shows up for a vote, it’s ALL pre-planned.
Frighten the public, then take them for all they’ve got.
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