The latest fable being spun by the Democrats and their shills in the dinosaur media is that everything was going swimmingly in DC, Republicans and Democrats were singing kumbayah in the halls of Congress, a deal had been cut for that $700 billion buyout..and then that nasty John McCain had to show up and lead a revolt, a revolt mind you, against President Bush and torpedo the whole damn thing:
This nonsense reminds me of the old Superman comics I used to read as a kid - remember Bizarro World, where people would say the opposite of what had actually occurred? Only is this case,Barney Frank, Harry Reid, and Chris Dodd know they're out and out lying.
Here's what really happened.
The White House meeting was supposed to be a publicity op for Barack Obama. The Democrats all deferred to him and allowed him to be the spokesperson for them, and he spoke first at the meeting.
Originally, as you know,the Chosen One wasn't going to show up in DC, but once McCain was en route and after President Bush personally requested he be present ,Obama decided to attend and his handlers saw it as a golden opportunity to show him off as 'presidential'.
There was in fact at that point no 'deal' as Ohio democrat Senator Sherrod Brown revealed.And it was Secretary of the Treasury Paulson who literally begged for the White House meeting, which was attended by the president, thDemocrat leadership and the Republican leadership.
Here's where the fun starts, according to American Spectator:
When Sen. Barack Obama was given the floor to speak during White House negotiations, according to White House aides, he did so raising concerns about a House Republican alternative to the Paulson/Bernanke $700 billion bailout. But those concerns weren't necessarily his, as he was not aware of the GOP plan before reviewing notes provided him by Paulson loyalists in Treasury prior to entering the meeting.
According to an Obama campaign source, the notes were passed to Obama via senior aides traveling with him, who had been emailed the document via a current Goldman Sachs employee and Wall Street fundraiser for the Obama campaign. "It was made clear that the memo was from ‘friends' and was reliable," says the campaign source.
The memo allowed Obama and his fellow Democrats to box in Republican attendees and essentially took what President Bush had billed as a negotiating meeting off the rails.
"Paulson and his team have not acted in good faith for this President or the administration for which they serve," says a House Republican leader who was not present at the White House meeting, but who instead is part of the team hammering out the House GOP alternative. "We keep hearing about how Secretary Paulson is working with Democrats on this or that, yet he never seems to consider working with the party that essentially hired him. Perhaps he's auditioning for a Democratic administration job. Our proposal didn't just spring forth fully formed; we've been working on this for several days, and Treasury staff has known about it."
Just for the record, Paulson, as you may know came from Goldman-Sachs before joining the cabinet. The dots connect pretty easily.
The Spectator obviously knows what it's talking about, since, as I mentioned, the Democrat leadership all deferred to Obama and gave him the floor so he could speak first...and when he started ripping into the Republican proposals the meeting 'became contentious' according to the dinosaur media.Or, in the language normal people use, turned into a screaming match, and a complete failure in leadership for the Chosen One.
John McCain's only contribution to the meeting was to state that he thought the GOP suggestions had some merit and should be studied, with the idea of coming up with a blended position. And after that,at the end of this debacle McCain and House GOP Minority Leader Bohner strolled off arm in arm.
In other words, McCain understands that the American people are overwhelmingly opposed to a $700 billion dollar Federal gift from the Democrats to their friends in the financial sector with no controls whatsoever, which was what Paulson wanted.
And here another point for you to ponder.The Democrats, should they wish to have the votes in the House to push this through if they so desire.Riddle me this: why are they so insistent on getting the Republicans on board? Is it because they realize how bad their proposal actually is and how deeply the American people oppose it, and they want to ensnare the Republicans in the political fallout? You think?
Talking about ' injecting presidential politics', today's spin was designed solely to protect Obama by demonizing McCain, which is why we had today's parade of Democrats not just spinning but outright lying about what went on.
There's a back story to this, and one Americans should consider when they vote in November. The Democrats feel that a bad economy helps them, and they've been consciously doing their best to achieve exactly that. The first attempt was their opposition to the US actually using its oil resources, which actually worked for awhile, but gave the Republicans an issue they needed to campaign on.
This latest attempt, a government giveaway to the same sort of people the Democrats enabled in causing this mess in the first place is designed to appeal to the Democrat's class war tactics while torpedoing any sensible proposals to deal with an emergency that could have a lasting effect on the country's credit sector if it's not dealt with.
To these people, it's all about power, no matter what the cost. They ought to hang their heads in shame.