September 24th, 2008
07:00 PM ET
10 years ago

Pelosi and Boehner: We are making progress

(CNN) - House Speaker Nancy Pelosi and House Minority Leader John Boehner are releasing the following statement on the progress of the economic bailout deal:

"We continue to work closely with Secretary Henry Paulson, Chairman Ben Bernanke, and with Democratic and Republican members of the House and Senate to improve the Administration’s initial proposal to stabilize the financial markets. Our shared goal is to make the proposal more accountable to taxpayers.

Working in a bipartisan manner, we have made progress. We agree that key changes should be made to the Administration’s initial proposal. It must include basic good-government principles, including rigorous and independent oversight, strong executive compensation standards, and protection for taxpayers.

We are committed to continuing to work cooperatively, and on a bipartisan basis to safeguard the interests of American taxpayers."

Filed under: John Boehner • John McCain • Nancy Pelosi
soundoff (221 Responses)

    Do not hurry take your time, obviously McCrypt cannot focus on more than one issue at a time.

    I am also looking forward to the "empty seat" debate with Obama.

    And ditto heads call Obama an "empty suit"?

    September 24, 2008 07:23 pm at 7:23 pm |
  2. joe m

    it is completely cynical to believe that this is just a stunt. it is also completely naive to believe that there is not political motive involved in this. still, this move is not unusual for mccain. remember that this is the same candidate who was willing to loose a day of his convention to do what he could to respond to gustav. mccain's annoucnement reinforce the perception that he is a doer rather than a talker. does he really need to sit down and help write whatever bill appears? no. but he can work the halls, phones, and all other avenues to put pressure on his side to work responsibly towards arrving a bill that will help everyone.

    September 24, 2008 07:23 pm at 7:23 pm |
  3. Reza Khezrian

    Obama would rather see American economy sink in torturous slow-motion and to see millions lose their life savings and their homes, rather than losing a few points in the polls by aiding to reach a quick comprehensive non-partisan solution!

    Reza Khezrian

    September 24, 2008 07:24 pm at 7:24 pm |
  4. Mary for Illinois

    Now I get it, they want to give Sarah Palin more time to prepare or maybe cancel it all together.

    Of course they risk slowing down the progress by adding a new person into the negotiations, he knows that but wants to grandstand.
    I certainly hope everyone sees through it.

    September 24, 2008 07:24 pm at 7:24 pm |
  5. tulsa

    So how is the presence of either McCain or Obama going to speed this up? Having even MORE press on Capital Hill?
    McCain, stop putting yourself ahead of this country and DEBATE your opponent!
    Last I heard, we already have a POTUS in place (like him or not) and the "leadership" you speak of is all there already. You have no input on this until asked to vote. Stop your lying and stalling and DEBATE.

    September 24, 2008 07:25 pm at 7:25 pm |
  6. Michael

    Hummm, this is very very interesting.... Boehner and Pelosi are as close to "Hating" one another as anyone in Congress, but they have come together in a bipartisan manner, party aside for the supposed good of the American people.

    What did John McCain do, after agreeing principle to a joint statement between his camp and Obamas camp, he jumps the gun, for, what could only be considered, political advantage and suspends his campaign.

    "Country First" my ARSE!!!!!!!!!!!!!!!!!!!

    September 24, 2008 07:25 pm at 7:25 pm |
  7. Sue in MI

    If he was so concerned, why didn't he get back to Washington right away? This is a ploy to avoid the first two debates altogether. Let's just hide Palin and not have her talk to anyone for the next 8 weeks. America is gullible enough to believe she is ready. Not this American. The Republicans have blown any hope of getting voted back in, from president on down to dogcatcher. I'm voting out everyone (and I hope Sheehan beats Pelosi in CA.)

    September 24, 2008 07:25 pm at 7:25 pm |
  8. spend 700B on PEOPLE on main street!

    or else.

    September 24, 2008 07:25 pm at 7:25 pm |
  9. S


    September 24, 2008 07:25 pm at 7:25 pm |
  10. Adrienne

    McCain looks like an overcompensating loose cannon. He looks desperate. Calm leadership in a wallstreet crises needs normalcy so the public does not panic. McCain looks weak. Like a rabbit running home scared. Obama has the dems behind him. They will follow his lead. McCain can't get his team behind him. That is sad. Now Mccain can't even make it to a debate. The poor old thing is not up to par. If Mccain were a real leader he would be able to get the republicans behind him in Washington and make it to the debate with out breaking a sweat. McCain is freaking like a puppy wizzing all over himself and yelping with fear. That is the last thing we need at this time. We need a cool hand like Obama. Not a trigger jumping spazz like Mccain.

    September 24, 2008 07:25 pm at 7:25 pm |
  11. KC

    Thanks Billy, one commenter that understand how our GOvernment works, this is a sad ploy by the McCain camp, I to think I used to have some respect for McCain.

    September 24, 2008 07:26 pm at 7:26 pm |
  12. PD Thomas

    Exactly...he adds no value. He is grand standing and trying to take credit. He is not ready for the debates and is trying to buy Sarah Pailin more time to do the VP debates. You want to talk about irony! In his not doing the debates and cancelling...he is going to bring economic ruin to a small town in a swing state if they pull out. men and women etc. all who have pulled this thing together.


    September 24, 2008 07:26 pm at 7:26 pm |



    September 24, 2008 07:26 pm at 7:26 pm |
  14. Kate Fergus

    John McCain can go back to campaigning. It is shameful that he is trying to use this catastrophe for some kind of political leverage. It just demonstrates that he has no integrity.

    September 24, 2008 07:28 pm at 7:28 pm |
  15. themanwhosawtomorrow

    So what the heck was mccain talking about as his reason for wanting to postpone the debate? He gave the impression that no progress was being made on the bail out.

    Mccain/palin campaign was built on lies, and it's being sustained on lies. And just like a house built on weak sands, it has started to crumble!

    September 24, 2008 07:29 pm at 7:29 pm |
  16. April Garlow

    McCain a hands on, in the trenches, LEADER,
    Obama just PHONING it in.

    September 24, 2008 07:29 pm at 7:29 pm |
  17. tennisguypitt

    Sorry, until Bush is out of power, the democrats won't be making much progress.

    Obama/Biden '08

    September 24, 2008 07:29 pm at 7:29 pm |
  18. Allen

    If we include jail time for those responsible, both in the companies and congress, then I'd be more apt to accept this bill. Whatever, do not let the "Decider" dictate any more to this government!

    September 24, 2008 07:30 pm at 7:30 pm |
  19. Brad

    They used to teach comparative political studies (CPS) in school. It was required to graduate. It was basically Capitalism vs. Communism. How far will we slide down the slippery slope of socialism. $ 700,000,000,000 for a bailout to poor business managers is crazy. Is it just a money grab for the congressmans wife's or campaign manager's consulting firm now? God help us!

    September 24, 2008 07:30 pm at 7:30 pm |
  20. Deb, Allentown,PA

    Billy, you're absolutely right. McCain is not on the committee working out the details of this bailout and he can get to where he needs to go on his Straight Talk Jet within hours. This is an incredibly transparent, ridiculous ploy to buy McCain and Palin time to get their acts together. We're not buying it!

    September 24, 2008 07:30 pm at 7:30 pm |
  21. Charlotte

    Senate debates are an important part of any issue. Why not just let them all show up, just for the vote? All Senators should be required to be on the Senate floor, for any and all debates. Pelosi, and this do nothing Congress, are what got us into this mess, they were all asleep at the wheel. There are issues that must be addressed and made perfectly clear to the voters exactly what this bailout entails.

    September 24, 2008 07:31 pm at 7:31 pm |
  22. GOP in pickle!

    1) the simplistic ideologues argue, "no more govenment meddling in private sector" as "too much government" was the root of the current economic crisis (can one get it wronger than they do about the problem?, LOL)

    2) the sly money grabbing loan-sharking war-profiteering neo-cons argue, "do not promise or try to change anything fundamental, as the fundamentals are strong. just steal trillions and rationalize it as "normal cycle of boom and bust." (can one be more anti-moral than they are?)

    kick back and see what kind of spin Mcshameless comes up with, LOLOL

    September 24, 2008 07:31 pm at 7:31 pm |
  23. Janel, St. Paul, MN

    We're counting on you, but your inaction is making most Americans very nervous. Get on with it!!!

    September 24, 2008 07:31 pm at 7:31 pm |

    IF GOD FORBID, McCrypt should become President, is he going to shut down one area of the economy while he works on another "impactful aspect"?

    We currently have a moron in the WH that cannot multitask, because his IQ is just north of his shoe size, we cannot afford 4 more years of the same!

    September 24, 2008 07:31 pm at 7:31 pm |
  25. MikeH

    McCain wouldn't understand the bill anyway, he is way too ignorant of economics. I'll even bet had the Congress still been under control by the Neocons, McCain would have approved the original Paulson document, or, even more likely, not been there to vote at all.

    September 24, 2008 07:32 pm at 7:32 pm |
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