Top Republicans Say Dem's Bailout Bill Will Fizzle on Monday
Posted by Jim Hoft on Sunday, April 25, 2010, 8:58 AM
Top Republicans predicted on Sunday that the Democrat’s bailout bill will not reach the senate floor on Monday.
FOX News reported:
Top Senate Republicans predicted Sunday that their coalition will hold together to prevent a sweeping financial overhaul from reaching the Senate floor Monday, saying more needs to be done to make the package acceptable to their colleagues.
Senate Minority Leader Mitch McConnell told “Fox News Sunday” that key improvements need to be made to what he called a “partisan bill,” warning that if those fixes are not achieved the package could have unintended consequences.
“It’s my expectation that we will not go forward with this partisan bill tomorrow,” McConnell said. “It’s not ready yet. … It is important to pass a good bill.”
McConnell said that a $50 billion “bailout” fund in the bill has to be removed, creditors need to be treated more fairly and “enhanced capital requirements” need to be included to ensure the solvency of banks.Alabama Sen. Richard Shelby, in an interview with NBC’s “Meet the Press,” also predicted that all 41 GOP senators will vote to delay the start of debate on the bill unless talks lead to an agreement.
He said he’s not optimistic that will happen by Monday.
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Published February 22, 2012 at 4:19 pm - 32 Comments
JAY commented:
The best bill is no bill at all.
Texmom commented:
It’s hard to believe they even had the nerve to put the bailout part in.
This bill should never pass without very careful scrutiny.
Jack commented:
Yeah sure…just like the o-care bill was supposed to be dead. I’m sick of republicans using the term “dead on arrival”. Don’t underestimate the dems or even try to “get along”. They (the dems) are at war with the reps and I don’t think they get it.
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Deanna commented:
Watch out for Snowe on this one. She and Lincoln have both been making possible go-along comments.
Chisum commented:
THE DREADFUL EQUATION
It is possible to ration subsistence, but not prosperity. Americans are slowly, painfully beginning to appreciate the difference between those two levels of existence. We’ve been so prosperous, for so long, that we lost sight of how far our economy would collapse when value was traded for power. The arithmetic of poverty and unemployment is simple, and merciless. Free people multiply. The all-powerful State is only good at division.
http://hotair.com/archives/2010/04/25/the-dreadful-equation/
aprilnovember811 commented:
How about making sure this one passes the Constitutional test. Really being in Congress is pretty simple if you think about it. If they bring you a bill that isn’t Constitutional, tell them not to waste your time.
trust but verify commented:
EVERYTHING proposed by the demonrats should be DOA and not because they hurt senator sissy boy feewings.
bg commented:
++
more HOPE spelled Bulls hit, gah!!
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JaneLovesJesus commented:
how about a “No More 1000 page Bills” bill?