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Kill the Bailout: Call Your GOP Representative; Update: the Deal Details Trickle Out; No Deal Tonight; Paulson and the Dems Bawl
No deal yet.
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Scroll down for updates…

Make the call: 202-224-3121.

Hope, however slim, lives:

Confident but not yet celebrating, congressional leaders agreed Thursday on a multibillion-dollar bailout plan for Wall Street aimed at staving off a national economic catastrophe. President Bush brought the two men fighting to succeed him to a historic White House huddle on how to sell a deal to lawmakers who were still resisting.

Private talks on Capitol Hill ended at midday with the announcement that an agreement in principle had been reached on a $700 billion financial rescue package that the Bush administration wants. Few details were immediately available.

There were signs that the conservative-leaning House Republican Caucus was not on board. Both of Congress’ Republican leaders, Rep. John Boehner and Sen. Mitch McConnell, issued statements saying there was not yet an agreement.

***

Deal details.

***

Collapsing?

Via ABC News, Paulson and the Democrats are having a snit fit:

ABC News’ George Stephanopoulos Reports: Treasury Secretary Henry Paulson fears the Wall Street bailout deal is falling apart after a chaotic White House meeting, sources say.

Paulson walked into the room where Democrats were caucusing after today’s meeting at the White House and pleaded with them, “Please don’t blow this up.”

Rep. Barney Frank, D-Mass., chair of the House Financial Services Committee was livid saying, “Don’t say that to us after all we’ve been through!”

House Speaker Nancy Pelosi said, “We’re not the ones trying to blow this up; it’s the House Republicans.”

“I know, I know,” Paulson replied.

***

Previous:

An inconvenient truth…and the inevitable lard-up

Kill the bailout: What Bush should tell the nation

Kill the bailout: The Big Lies

Kill the bailout: Go, Shelby, Go!

Kill the bailout: Illegal immigration and the mortgage mess

Kill the bailout: Phones ringing off the hook; student loans, car debt added to proposal

Kill the bailout: Newt Gingrich gets on board

Kill the bailout: The foreign bank angle

Kill the bailout: Will the real fiscal conservatives please stand up?

Why Henry Paulson must be “contained”

The Mother of All Bailouts = The Death of Fiscal Conservatism

(Republished from MichelleMalkin.com by permission of author or representative)
 
• Category: Ideology • Tags: Subprime crisis