GOP Sees Opportunity in Bailout Bill
By Ben Pershing
Ten weeks after suffering the loss of the White House and their second consecutive demoralizing congressional election, Republicans are starting to get their voice back. The party has no chairman, no favorite for 2012 and only the barest claim to a seat at the Senate negotiating table. But at least they have found, in the financial bailout and the upcoming stimulus package, a pair of issues around which they can rally.
In a fitting end to his administration, given how much he has frustrated his fellow Republicans the last few years, President Bush yesterday asked Congress for the remaining $350 billion in bailout money on behalf of Barack Obama. In September, the initial financial rescue vote split the GOP (and sent John McCain into a tailspin from which he never recovered). But Republicans' reaction to Monday's request appeared far more unified; John Boehner and Mitch McConnell both came out opposed to spending the remaining money without tight restrictions and far more transparency than there has been so far. They have no responsibility to govern and are under no obligation to help Democrats continue a bailout that has grown increasingly unpopular with the public, so why not watch from the sidelines as the majority party struggles to cope with an economic mess?
Continue reading at Political Browser»
January 13, 2009; 8:20 AM ET
Categories: The Rundown
Save & Share: Previous: Daschle Taps Former Aide for HHS Deputy Secretary
Next: White House and Transition Officials Conduct Joint Disaster Exercise
Posted by: katerinaDeligiannis | January 13, 2009 7:54 PM | Report abuse
Posted by: JakeD | January 13, 2009 5:09 PM | Report abuse
Posted by: JRM2 | January 13, 2009 2:43 PM | Report abuse
Posted by: JakeD | January 13, 2009 8:56 AM | Report abuse
The comments to this entry are closed.