BREAKING ON MSNBC: We must have House Republicans help

[AwakeAtLast]

Barney Frank speaking live as of 10:01 EDT.

"I wish Senator McCain was being helpful."

More on MSNBC.

[Thrill]

1. Who said this?

[geekgrrl]

6. Barney Frank speaking now

[geekgrrl]

10. It sounds like repugs walked out on the bailout

And the dems are just flabbergasted that the repugs aren't participating!

[AwakeAtLast]

8. Edited to fix quote

I was typing too fast! :blush:

[nc4bo]

2. dear God - Mccain is fucking up so bad. This is insane! Now what?

The bastard's probably laughing his ass off at all of this.

[Johonny]

11. wow

This is insane. 1 sheet of paper. He needed to stop the debate for a proposal written on the back of a napkin

[Miss Chybil]

37. He'll put on his Mighty Mouse suit tomorrow and save the day! nt

[fishwax]

3. Who is the quote from?

:shrug:

[AwakeAtLast]

14. I edited to credit Barney Frank

They broke in very fast, so I typed as fast as I could!

:hi:

[fishwax]

thanks! Go Barney Frank!

:hi:

[Kurt_and_Hunter]

4. Said house republican behavior appalling

[Kurt_and_Hunter]

9. "McCain should feel free to go to the debate... not doing anything helpful"

[baldguy]

5. The Republicans walked out?

[AwakeAtLast]

13. I'm watching, not clear to me if that is what happened n/t

[baldguy]

"House Republicans declined to participate in tonight's bailout meeting"

sez MSNBC chyron

[adamuu]

35. They sent the Alabama guy who was opposed to this from the beginning

but he wasn't able to represent the House Republican caucus
that's why he left early about about 5pm EDT, if you recall
it wasn't because he stormed out... it wasn't appropriate for him to be in that meeting and everyone agreed
Barney Frank said, "we don't take that kind of thing personally here" (implying that Congressmen are thick-skinned)

[EmperorHasNoClothes]

7. Sounds like Boehner gave them a totally different proposal, then the pubes walked out

[BlooInBloo]

12. So much for ITHASTOBEDONENOWNOWNOW!!!!

:rofl:

[geekgrrl]

15. Wow how can this be anything but BAD for McLame?

[tridim]

16. This is bad for the whole Republican party

WTF are they thinking?

[geekgrrl]

20. what about COUNTRY FIRST ???!!!

[ErinBerin84]

17. the reporter said

that the Mccain camp just released a statement saying that the meeting today was a contentious shouting match, and Frank said that people were just asking McCain for his POSITION on something! haha.

[adamuu]

18. Thank you for the alert.. .i switched to Live because of this post n/t

[AwakeAtLast]

22. You are welcome!

:hi:

[adamuu]

28. House Republicans have thrown a wrench in the wheel late in the game

House Republicans walked out
Frank says he suspects meddling by John McCain esp. wrt Lindsay Graham

[adamuu]

31. Barney Frank said

something to the effect of
"We are not going to pass a purely Democratic bill with no Republican support in response to a request made by the Republican president." He was very firm on this point.

Chris Dodd said
"I'm going home"
*waves* *leaves view of camera*

[sad sally]

36. cnn Anderson Cooper said they broke for the eve and

Republicans would not be coming back in the morning.

[geekgrrl]

19. Pelosi WILL NOT put a partisan bill on the floor!

It has to be non-partisan and republicans have to come to the table!

[orestes]

29. Unfortunately, I still get the sinking feeling that Pelosi is

just waiting for the perfect opportunity to say "1, 2, 3, CAVE!" Like, say, tomorrow just before the debates start, so that the unpopular bail out can be hung around Obama's neck infront of 10s of millions of viewers.

That feeling wont go away until either a non-partisan bill is passed, or congress goes home.

[geekgrrl]

30. well that is exactly what Frank said-- so hopefully that means she won't cave!

[orestes]

34. Im just a pessimist, dont mind me ;)

[Baltoman991]

39. Let her

cave. She won't have the support she wants with this one. Barney Frank was adament about this. There will be no bill without support from the other side. He gets it. He saw the trap and walked right around it with this statement.

If Nancy wants to go down that road then she can accept the backlash for it. No way no how does a partisan bill pass.

[Baltoman991]

21. Sounds like

the Democrats figured the game out.

No partisan bill will be brought to the floor so Democrats can be attacked by House Republicans for trying to pass the Bush bill.

Paraphrasing there but pretty close.

[geekgrrl]

24. Yup, I think they called their bluff.

Now this can not be blamed on democrats, and it makes McLame's whole flight to washington to help look REALLY STUPID and ineffective.

[knowledgeispwr]

26. Good to hear.

Perhaps in this case "Not This Time" refers to Congressional Dems not being punked by GOPers.

[TexasObserver]

23. This is great. Tomorrow the GOP will own a 500 point drop in the DOW.

If not more.

Seriously, with Democrats throwing up their hands and the GOP trying to force Democrats to save Bush with a bailout, Friday's markets are going to drop like crazy. This could be the day they suspend trading, as the DOW drops too far, too fast.

[MadBadger]

27. Im guessin the great part is sarcasm.

[adamuu]

38. Considering it has two big days in anticipation of this deal

i don't think its a bad bet to say it will go down tomorrow, good or bad.

Now, if you want to see the bright side of such a decline, I can help you with that. It will make McCain look very very bad.

[TexasObserver]

41. No, it's not. The DOW is grossly inflated and the air needs to be let out of it.

There is no point in artificially keeping the DOW above 10K. It simply carries forward the problems.

The place for businesses that can't pay their current obligations is bankruptcy court. Let them go there.

Saving the stock market from a 2000 point drop is not worth throwing the entire federal budget at the problem.

If there is to be a bailout, let it only be after the public is demanding it, not before.

[Spider Jerusalem]

25. He's right, unfortunately

now is no time to be playing politics. GOP representatives have to be on board in sufficient numbers that it becomes clear that this is a bipartisan solution for the good of the country and not for the political advantage of either side.

McCain's desperate grandstanding is not helping matters; he has admitted himself he knows little to nothing of economics, he sits on neither the Financial Services Committee nor the Banking Committee; it is therefore obvious that he is NOT there in any useful capacity, and that, indeed, his presence, far from helping to resolve the situation, only complicates it.

[geekgrrl]

32. If there is no deal, does that mean no McLame at the debate?

Or is McLamo going to swoop in tomorrow and convinces the repugs to sign on, and then he looks all hero-like instead of totally ineffectual like he looks now?

[adamuu]

33. *hunts for the must read button* n/t

[AwakeAtLast]

40. LOL! Thanks!

:hi:

[bevoette]

42. i love how he just walked out of there and was like "fuck it - presser here, presser now, baby!"

lol

i just feel like we're all wondering through the twilight zone!