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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»

By Ben Pershing  |  January 13, 2009; 8:20 AM ET
Categories:  The Rundown  
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Comments

Finally, some fiscal conservatism.

Posted by: JakeD

are they not the ones who voted for funds to bail out AIG,Banks, Freddie & Fannie with no oversight or accouintabilty?
So very conservative.
And now they will scrutinize every dime that will have oversight and limits on where, when, how funds will be spent. ROFLMAO

Posted by: katerinaDeligiannis | January 13, 2009 7:54 PM | Report abuse

Better late than never.

Posted by: JakeD | January 13, 2009 5:09 PM | Report abuse

Though I agree with Boehner (ugghh swallow, hard) on this one it is not entirely their idea, in fact, Obama has been pushing for more oversight on this issue.

But here's a question: Where were these guys while Bush was running up a larger deficit than ALL the previous Presidents COMBINED?

Oh, I see, they want to jump on board one week before their messiah leaves office.

Posted by: JRM2 | January 13, 2009 2:43 PM | Report abuse

Finally, some fiscal conservatism.

Posted by: JakeD | January 13, 2009 8:56 AM | Report abuse

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