What if the world doesn't end today?
by Jerome Armstrong, Tue Sep 30, 2008 at 03:54:24 AM EDT
There's always tomorrow.
Looks like Congress has the day off:
Stephanopoulos: What's Next? Congress Mulls Four Options, lays out the details, here's the four (he's got more detail) with political considerations:
1. Muscle Bailout Bill Through House-- get 12 unlucky schmucks to cave under pressure. Usually works, but does McCain/Bush have any capital with Republicans in the House? Well, they do know where the votes are.
2. Pass Bailout in Senate First-- could happen, but that just leads back to the House, and how do we know that the Republicans that are endangered (Wicker, McConnell, Smith, Coleman...) are going to back this?
3. Make Small Tweaks to the Bill-- the best 'save your face' way out, but it also takes more time. This depends on which way, Democratic or Republican, for who the tweak caters too.
4. Get More Democrats On Board-- makes it even more of a Democrat-Bush thing and less of a Republican bill. Not great politics, even worse if its Obama that gets involved. And who's to say that if they do get more Democrats on board, that more Republicans go ahead and bail?
What about McCain? Does he continue the ownership of this by twisting arms of a dozen Republicans or wait and see if Democrats want to own it with Bush? Does he get House Republicans on board or could he possibly go native with the Republican ideologues?
What about Obama? Does he leave it at arms length or does he now get involved and pull over members in the CBC or the Hispanic Caucus with phone calls to Democrats that voted no? He's got the capital, but does Obama really want to kick off his policies by owning part of this Bush bill, and doesn't he leave it open to McCain to then vote no?
Update [2008-9-30 9:26:11 by Jerome Armstrong]: The RNC ad starts the Republican running quasi-against the bailout, while attempting to tag it onto Obama:
The RNC ad is going up in WI, OH, MI, PA, VA, and IN.