John McCain 'undermining' bail-out to lift campaign; Is This TREASON?

[tekisui]

John McCain last night was accused of sabotaging the Wall Street bail-out with theatrics that reduced America's credit crisis to a showcase for his presidential leadership capabilities.

The furious words for the Republican candidate came from Democrats came after a contentious meeting at the White House between George Bush and congressional leaders meant to seal a deal on a $700bn rescue package. Both McCain and Barack Obama also attended the meeting.

The extraordinary session had been called after McCain's stunning announcement on Wednesday that he would suspend his campaign and would seek a delay in tonight's presidential debate to try to personally help steer through a deal on the bail-out. By midday yesterday, congressional leaders said they had reached the outlines of a deal.

But that optimism appeared to have dissipated after the White House meeting.

Democrats and Republicans said that prospects for a deal vanished after McCain had tried to prod his fellow Republicans in another direction. The breakdown cast new uncertainty over Friday night's presidential debate in Mississippi, as well as the future of the bail-out itself.

McCain said he would not attend the debate until a deal is reached. Obama said he would go to the debate, and the University of Mississippi, which is hosting the event, said that it planned to go ahead.

Last night, Democrats were scathing of the Republican's posturing, saying he had jeopardised efforts to unite Congress around the plan put forward by the treasury secretary, Hank Paulson.

"This is the presidential campaign of John McCain undermining what Hank Paulson tells us is essential for the country," said Barney Frank, the Massachusetts congressman who had been leading negotiations for the Democrats. "This is McCain at the last minute getting House Republicans to undermine the Paulson approach."

Obama also chided McCain. "When you start injecting presidential politics into delicate negotiations you actually start creating more problems," he said.

http://www.guardian.co.uk/world/2008/sep/26/uselections2008.johnmccain


IF the crises was/is as severe and immediate as chimpy/paulson/bernanke say, and IF mcPOW is sabotage the emeregeny bailout, how is that not a treasonous act? If mcPOW's sabotage the plan is no big deal, then chimpy and paulson are committing extortion, fraud and treason. They can't all be clean in this.

[Cessna Invesco Palin]

1. It's not treason, it's just abject stupidity. n/t

[tekisui]

2. If intentional derailing the bailout is not treason, then paulson is a fraud.

[Cessna Invesco Palin]

4. Treason has a specific legal definition.

This is no more treason than it is genocide or rape.

[tekisui]

5. OK, not treason.

How about anti-American?

[dipsydoodle]

3. The article makes the mistake

of crediting him , by implication, of actually understanding the issue. IMHO - he doesn't : not even one scrap.

[tekisui]

6. good point.

[fasttense]

7. I still would like to Know Specifics.

What was the tentative agreement btw Dems and Repugs? What New Idea did McInsane dump on everyone? I have my suspicions that it is more tax breaks for corporations and CEOs. I understand that about half the Repugs walked out during questioning of Paulson because Dems took tax breaks off the table.

Repugs, even the insane kind, have very limited economic ideas. Tax breaks, less regulation, privatization, selling off pieces of the nation, open borders to foreign labor and capital, seems to be the limit of their brain capacity.