Administration Considered Bailout Bill For Months / NPR

[Demeter]

http://www.npr.org/blogs/money/2008/09/administration_considered_bail.html

On a conference call today with reporters, White House deputy press secretary Tony Fratto gave a glimpse into the birth of the $700 billion bailout bill. Fratto:

his was not a program that was conceived of or put together hastily. There was an enormous amount of analysis and debate and discussion before we came forward with this program. I think we have anticipated a lot of the questions that members of Congress would naturally have about taking this step, but we have had -- some of the policy staff have had months to think about what a program like this would be like and how it would work. Others have had at least weeks to think about it. Members of Congress have had days to think about it. And it's very, very complex and takes time to think through all of the implications of it and why some alternative ideas might not work as well as this one.
Fratto called the consequences if Congress spikes the bill "unthinkable."

[geckosfeet]

1. OK - so the administration planned a giveaway to wall st - and also planned

to rush it through congress with a bunch of hand waving arguments - first and foremost - the American people will suffer mightily if congress does not approve the giveaway.

This amounts to selling us down the river and setting up congress to take the fall no matter what happens.

Gotta admire the repukes for their brazen disregard for anything decent and complete lack of ethics. The pukes are truly a party with hate and greed at their core.

[indepat]

2. Rape, pillage, plunder and desecrate

:P

[Doctor_J]

3. They were waiting until they could disrupt Obama's stampede to the WH

everything is political to them.

[Demeter]

4. Too Bad It Isn't Working For Them

:sarcasm: