Legal Commentary

McCain's Plan To Break The Deal: Less Regulation, Accountability and Protection

By Big Tent Democrat

Marc Ambinder reports:

During the White House meeting, it appears that Sen. John McCain had an agenda. He brought up alternative proposals, surprising and angering Democrats. He did not, according to someone briefed on the meeting, provide specifics. One the proposals . . . would relax regulation and temporarily get rid of certain taxes in order to lure private industry into the market for these distressed assets.

That approach has been rejected by Senate Democrats, Senate Republicans and, to this point, the White House. During the meeting, according to someone briefed on it, Sec. Henry Paulson told those assembled that the approach was not workable.

More...

Before the White House meeting, Democrats and Senate Republicans were on track to get legislation to the floor by tomorrow. . . .

(Emphasis supplied.) McCain came to Washington DC determined to blow up the bipartisan consensus on the deal, proposing LESS regulation, LESS accountability, LESS taxpayer protection and help. He is a reckless, feckless, mendacious, craven, political hack willing to say and do anything to try and win. He is truly a disgraceful person, unfit for the Presidency.

By Big Tent Democrat, speaking for me only

Full post as published by TalkLeft on September 25, 2008 (boomark / email).