[lbo-talk] McCain "suspends" campaign, wants to delay debate, because of bailout

Michael Pollak mpollak at panix.com
Wed Sep 24 23:04:24 PDT 2008


On Wed, 24 Sep 2008, shag wrote:


> I think he'll look like an ass, especially if BHO plays it right. He
> looks like a chicken shit who can't walk and chew gum at the same time.

It's looks like McCain's totally fucked -- they've reached a deal. Barney Frank was at his sarcastic best. I love him expressing fear that McCain will slow them down:

http://www.reuters.com/article/marketsNews/idUSN2448444820080925?sp=true

Wed Sep 24, 2008 10:50pm EDT

Reuters

UPDATE 2-US Democrats claim Wall St. bailout breakthrough

By Richard Cowan and Thomas Ferraro

WASHINGTON, Sept 24 (Reuters) - Democratic Rep. Barney Frank said on

Wednesday Democrats had reached an agreement to stem one of the worst

U.S. financial disasters in decades, and that there would be enough

votes to pass the measure and send it to President George W. Bush to

sign into law.

<snip>

Frank took a dig at Republican presidential nominee John McCain, who

interrupted his campaign to return to Washington on Thursday to help

work on a Wall Street bailout.

"All of sudden, now that we are on the verge of making a deal, John

McCain here drops himself in to help us make a deal, Frank said.

He expressed fear that McCain, a U.S. senator from Arizona who has

spent much of the year away from the Capitol campaigning, could end up

slowing down work on the bill.

The Massachusetts Democrat noted that a meeting on Capitol Hill on

Thursday will be interrupted for a "photo op" at the White House with

congressional Democrats and Republicans as well as Bush.

"We're trying to rescue the economy, not the McCain campaign," Frank

said.

<snip>

"We know very well what Treasury and the Federal Reserve think would

make this unworkable. I do not think we will have anything in here that

they think would make it unworkable," Frank said.

The issue of government controls on compensation for executives of

corporations that participate in the bailout had ignited a firestorm,

with Americans complaining to their representatives in Congress that

these corporate chiefs shouldn't be rewarded for failure.

"On the executive compensation thing, it went to the core of their (the

Bush administration's) being," said Frank. "It was like asking the

chief rabbi of Jerusalem to eat bacon on Yom Kippur. It was the most

unthinkable thing they could think of." (Reporting by Richard Cowan and

Thomas Ferraro; Editing by Doina Chiacu)



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