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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Frank, Pelosi Hammer McCain -- Again

In a press conference just concluded on Capitol Hill, House Speaker Nancy Pelosi (D-Calif.) called Sen. John McCain (R-Ariz.) an "intervening event" without even naming him, saying that progress was being made on Friday until McCain showed up.

The tart-tongued Rep. Barney Frank (D-Mass.), chairman of the House Financial Services committee, actually named the Republican presidential candidate, saying, "Now that Sen. McCain is safely in Mississippi, we can get back to serious work."

McCain decided that he would, in fact, debate his opponent, Sen. Barack Obama (D-Ill.) in Oxford, Miss., tonight now that his work in Washington was done.

To Democrats, McCain has been like a guy who signed up for World War II just in time to parachute onto the deck of the U.S.S. Missouri as the peace treaty with Japan was about to be signed, and then caused a fight that started the war back up.

A number of fiscal conservatives in Congress, however, were happy that McCain was at the bargaining table.

Frank stuck to his earlier optimism that a deal could be worked out before Monday's opening bell on Wall Street.

"I am convinced that by Sunday, we will have an agreement that people will understand on this bill," Frank said.

-- Frank Ahrens

By Frank Ahrens  |  September 26, 2008; 5:09 PM ET
Categories:  The Ticker  
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Next: Capitol Hill Talks Continue

Comments

McCain stopped this horrible package from getting passed, and Frank and Pelosi want us to be upset with him? Seems to me that McCain is the rare voice of reason - Pelosi, Frank, Reid, and Bush all seem to be together on this, while the majority of the American public sits back and wonders what in the world they are doing. If McCain slowed down this HORRIBLE $700 billion package, then we owe him a round of applause.

Posted by: Kevin | September 26, 1908 9:03 PM | Report abuse

this sounds like a conspiracy by the NANCY'S GANG OF FOUR 'she and the rest of the dem senators openly don't want McCain to be there while the Prez invited him to participate in the meeting. It's when the cat away the mice will play(have more cheese) PELOSI STEP ASIDE YOU SCREW UP SO TAKE A NEW FACE LIFT

Posted by: RIGHTS4ALL | September 26, 1908 9:05 PM | Report abuse

THe dem invented the CORPORATE RAIDERS AND NOW they are such powerful money monsters they dem. need to win to appease these demons other wise they party will fall apart. They have now installed this puppet candidate who they can control and do all their biddings.

Posted by: roseann | September 26, 1908 9:11 PM | Report abuse

I am really glad enough Republicans are against the bailout bill. I would rather have a depression than continue allowing Wall Street to get fatter on us. Dr. Ron Paul is our man when it comes to watch out for commoners' benefits. But I thank Senator McCain's courage to keep an eye on the process of bailing out Wall Street at our expenses. Haven't they made enough money out of us? Who will help Main Street? Wall Street doesn't care about our Main Street. They care more about outsourced jobs and keep profits overseas from taxes than us on Main Street. Why do we have to bail them out? We should bite the bullet and correct our economic and tax policies for good.

If we allow Wall Street to be bailed out, they will do it again. Why do we need this free market of supply and demand if mismanagement can be bailed out? What we need is market corrections and a better education for consumers so they won't be lured by Wall Street into another financial turmoil. I doubt it was mismanagement. I suspect it was designed to be bailed out by us, because the lobbyists have full access to our politicians but we don't.

Posted by: Anonymous | September 26, 1908 9:33 PM | Report abuse

Wait a minute - the boston madam and the sanfran madam hammer McCain?

Give us a break. Franks has been sitting back watching all of this unravel. He opposed regulation of FM/FM constantly. Franks is one of the major players responsible for this mess.

Where was Franks when Dodd was soaking up the contributions? Where was Franks while Obama was soaking up contributions?

Obama, who hasn't even got his feet wet in the senat is number two in contributions?

What a circus of corrupt, spinelss, feckless POS.

All led by the madam of the most "ethical" congress in history.

May God help us all.

--------

Posted by: Anonymous | September 26, 1908 11:25 PM | Report abuse

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