Wednesday, September 24, 2008

McCain Holds Key to Bailout Bill

Political Wire -

Congressional leaders tell George Stephanopoulos that if Sen. John McCain doesn't support the Bush administration's $700 billion bank bailout plan, the plan won't pass.

Said one lawmaker: "If McCain doesn't come out for this, it's over."

"A Democratic leadership source says that White House Chief of Staff Josh Bolten has been told that Democratic votes will not be there if McCain votes no -- that there is no deal if McCain doesn't go along."

Jake Tapper: "Senior Democrats on the Hill are worried that Sen. McCain will 'demagogue' the bill, continue to voice opposition to it, use it to run against both Wall Street and Congress, as well as to distance himself from the Bush White House. Democrats worry McCain will not only vote against the bill, he will provide cover for other Republicans to do so, leaving Democrats holding the bag for the Bush administration's deeply unpopular proposal."

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