The waiting is over. Republican house representatives initially reluctant to support the newly crafted legislation to fix the markets have been meeting for the last two or three hours. It took a lot longer for these Republicans to go over the bill than it did for the Democrats, owing I assume to their reduced intelligence.
So, after meeting for a few hours, they’ve come out of the meeting and are being rather mealy mouthed about the results. On one hand, they are claiming to support the package, but only if they can blame the failing economy on Obama. Always blame it on the black guy. OK, I’m only kidding about the ‘black guy’ part, but you KNOW this is what they are thinking.
As they describe their position they seem to be suggesting that they will be introducing significant changes in the legislation, which I assume will be brought to the floor of the house at a later time and not forced into the present bill. On the other hand, it appears that they are going
to continue meeting. In the end, we really don’t know what they are going to do.
It is interesting that a major and possibly irreparable rift has developed within the Republican leadership over this issue, which appears to be delicately knit together for the time being. The question now is this: Can this hold through perhaps Wednesday by which time the bill could possibly be passed by both houses and signed into law? Or is the renegade faction going to Balk … tonight, tomorrow, later in the week …. and throw the markets into a dive once again.
Of course, Congressman Boehner did take the opportunity during the brief press conference to lie twice about McCain’s role in negotiating this deal.