[IWE] Bailout Meeting ends in conflict and chaos

Jay Mehaffey iwe@warhead.org.uk
Thu, 25 Sep 2008 18:59:27 -0700 (PDT)


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http://money.cnn.com/2008/09/25/news/economy/deal_reached/index.htm?postversion=2008092513
http://www.marketwatch.com/news/story/dodd-says-white-house-meeting/story.aspx?guid={F849F192-D0CD-4456-BC50-751A5259D7F4}&dist=hpmp

>Chaos erupted on Thursday in the negotiations over the proposed
>financial bailout as lawmakers bickered over competing
>counterproposals
to the Bush administration's $700 billion rescue plan.

I would appear that after having come to some sort of basic
agreement with the White House, Congressional Democrats
where blindsided by a radically different proposal by
Republicans.

It is not clear if this is Congressional Republicans and the
White House playing games or if Republicans in Congress
are acting on their own. But either way it will slow down
the process. The whole thing was having trouble getting
support anyway, radically conflicting plans and unclear sides
mean returning to step one.

Jay


      
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<html><head><style type="text/css"><!-- DIV {margin:0px;} --></style></head><body><div style="font-family:times new roman,new york,times,serif;font-size:12pt"><div>http://money.cnn.com/2008/09/25/news/economy/deal_reached/index.htm?postversion=2008092513<br>http://www.marketwatch.com/news/story/dodd-says-white-house-meeting/story.aspx?guid={F849F192-D0CD-4456-BC50-751A5259D7F4}&amp;dist=hpmp<br><br>&gt;Chaos erupted on Thursday in the negotiations over the proposed<br>&gt;financial bailout as lawmakers bickered over competing<br>&gt;counterproposals
to the Bush administration's $700 billion rescue plan.<br><br>I would appear that after having come to some sort of basic<br>agreement with the White House, Congressional Democrats<br>where blindsided by a radically different proposal by<br>Republicans.<br><br>It is not clear if this is Congressional Republicans and the<br>White House playing games or if Republicans in Congress<br>are acting on their own. But either way it will slow down<br>the process. The whole thing was having trouble getting<br>support anyway, radically conflicting plans and unclear sides<br>mean returning to step one.<br><br>Jay<br><br></div></div><br>



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