Friday, September 26, 2008

Will A Bailout Pass?

What's been happening in Washington the last couple of days? Well, first and foremost, these folks are politicians; many up for re-election this November. According to most reports aired so far, members of Congress say that they are receiving phone calls and emails to the tune of about 9 to 1 against passing the $700 billion bailout... I mean "rescue plan." Further, President Bush called a meeting at the White House yesterday, Thursday, and it was then that several Republican lawmakers offered that they did NOT support the plan offered by the Bush Administration. That made Democrats step back and say that without Republican support in a bipartisan effort on the bailout... I mean rescue, that they could not go forward. The Dems aren't stupid. They aren't going to sign on and become totally responsible for the plan, if it doesn't work.

So, you've got a bailout... I mean rescue plan offered by a Republican administration being pummeled by several Republicans in Congress; perhaps the best known being Senator Shelby of Alabama. You've got Democrats offering to support the basic plan, with modifications. Folks, you can't make up this kind of stuff.




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