"If we don't pass it, we shouldn't be a Congress," Mr. Gregg said Sunday afternoon.That's sort of the equivalent of saying, "If you don't like Pavement, you don't like music." Come on, guy. Not everyone's a Malkmus fan.
"This is something that all of us will swallow hard and go forward with," Mr. McCain said in an interview on ABC's "This Week." "The option of doing nothing is simply not an option."Sounds like someone's super cranky after waking up from his weekend-long nap!
Mr. Obama, in a statement, said: "When taxpayers are asked to take such an extraordinary step because of the irresponsibility of a relative few, it is not a cause for celebration. But this step is necessary."What, you mean people didn't throw Greatest Depression parties in the 1920s? They should have! We're all totally stoked about it in the 2008!
Saturday's intense negotiating effort followed a tumultuous week, including a contentious meeting at the White House with President Bush and the two presidential candidates.Weee! It's like Bush is Leonardo DiCaprio, the Titantic is America, and Iraq is Rose. He'll never let go! Awww. Wait, did Mo-Do already write that column?
That meeting had moments of drama, including a blunt warning by President Bush. "If money isn't loosened up, this sucker could go down," he said. It ended with angry recriminations after House Republicans scotched a near-agreement from earlier in the day.
Mr. Paulson scrambled to revive the talks, and they resumed almost immediately.The real question is: did he scramble ON BENDED KNEE? Because that's pretty much how I picture him doing absolutely everything from now on. But get your minds out of the gutter.
They must pass out the B-berrys like M&Ms on the Hill. Those poor, befuddled tourists, just trying to learn a little bit about What Makes America Great.
Representative Barney Frank of Massachusetts, the lead negotiator for the House Democrats, said that there was no expectation of making anyone smile.
Outside, stunned tourists visiting the Capitol watched as camera operators shoved one another to get footage of lawmakers talking outside of the meeting room.
At one point, when too much information was leaking out, staff members' BlackBerrys were confiscated and collected in a trash bin.
Lulz! Yep, definitely not "happy" about this. Cat pictures, anyone?
The money will disbursed in parts, with an initial $250 billion to get the rescue effort under way, followed by another $100 billion upon a report by Mr. Bush to Congress.
The president could then request the balance of $350 billion at any time. If Congress disapproved, it would have to act within 15 days to deny the Treasury the money.
Steal all your office supplies NOW. But...
In a brief speech on the Senate floor, Senator Kent Conrad, Democrat of North Dakota, said: "It's not just going to be Wall Street. The chairman of the Federal Reserve has told us if the credit lockup continues, three million to four million Americans will lose their jobs in the next six months."
Does this mean we all get post-bailout stimulus checks?
The ultimate cost of the rescue plan to taxpayers is virtually impossible to know. Because the government would be buying assets of value — potentially worth much more than the government will pay for them — there is even a chance the rescue effort would eventually return a profit.