Republican Leaders Split On Geithner Plan

[jefferson_dem]

Republican Leaders Split On Geithner Plan
March 23, 2009 05:42 PM

Republican leaders in Congress offered a range of reactions on Monday to Treasury Secretary Tim Geithner's plan to partner with private investors to buy toxic assets from troubled banks.

The divided sentiments -- with some GOP leaders speaking positively about the proposal, others negatively, and others avoiding judgment altogether -- suggest that party leaders are still trying to determine the political dynamics of Geithner's proposal.

Senate Republican leader Mitch McConnell McConnell, for instance, said he was willing to "give the Secretary of the Treasury credit for finally turning to the real issue here." But he wouldn't offer an opinion on the substance of the plan. "I'm not prepared to react to that yet," he said.

The Senate Budget Committee's senior Republican, Judd Gregg (N.H.), reacted more warmly. "t's a genuine and sincere effort to try to free up the credit markets and especially to get balance into the real estate markets, which is at the core of the financial problems," said Gregg, a leading voice within his party on economic issues. "I don't know if it's going to work. Clearly the markets today reacted in a positive way to it. Whether it will work will depend on how much buy-in there is from the private sector."

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http://www.huffingtonpost.com/2009/03/23/republican-leaders-divide_n_178225.html

[Thrill]

1. They have no answers. They were going to base their opinions on the market reaction

500 points has them speechless. They have no ideas

[asphalt.jungle]

2. they are never prepared to react, but always want their opponents

to lay their cards out on the table immediately. they have to get their marching orders from oxyrush before deciding if it's good or bad.

[Cant trust em]

3. "Clearly the markets today reacted in a positive way to it. "

They would have jumped for joy if Bush had been at the helm.

[TheCowsCameHome]

4. "A split GOP" - into little pieces would be just fine.