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)

    A new McCain-Palin ad says that "McCain and his congressional allies led" on the financial crisis while Obama was "mum." That's simply not true:

    Obama has in fact made several statements about the crisis on Wall Street in recent days, delivering his most specific remarks on how government regulations should be changed on Sept. 22, a day before this ad was released.

    McCain gave his most detailed speech on a response to the crisis on Sept. 19, a few days before Obama did. Obama, however, had been pushing for what he called a “21st century regulatory system” back in March.

    The "mum" quote is from a Sept. 20 Washington Times story, which went on to say Obama did "not to divulge details of his recovery plan ... fearing it would stir Wall Street jitters." The ad falsely says that Obama stayed quiet because "no one knows what to do."

    The ad ends by saying: "More taxes. No leadership. A risk your family can’t afford." Actually, most "families" would pay less taxes under Obama's tax plan. An independent analysis shows 95.5 percent of households with children would get a tax cut under his tax proposals.

    September 24, 2008 08:06 pm at 8:06 pm |
  2. DCMata

    McCain isn't on the committee that's working on the economic bailout?

    We want to see these men debate- why should we wait?

    Believe this is another gimmick of McCain's and a way to lower an already low expectation of his VP.

    Presidents should be able to attend to more than one thing- especially, after the mess left by bush and his co harts.

    McCain is so important to this bailout- he is unable to take off the one and half hours to debate- we don't buy it!

    September 24, 2008 08:06 pm at 8:06 pm |
  3. Scott L


    If congress goes into recess this Friday WITHOUT a solution in place, you betcha there will be bigger problems ahead...

    At least John McCain will be there to vote on it and Obama will be waiting for a foreign policy debate where he can say uuuuhhhh uhhhh ummmm uhhhhh uhhhh uuuuu hhhhuuuu ummmmmm ummmm uhhhh

    September 24, 2008 08:06 pm at 8:06 pm |
  4. John in DC

    Now...doesn't that joint statement tell us where they both stand? doesn't it let you know what the principles of the changes will include? Doesn't it let us know taht both sides are talking together?

    I wonder if someone needs to take a picture of them on the Capitol steps to convince us.

    September 24, 2008 08:06 pm at 8:06 pm |
  5. maynard hopkins wi

    You have got Nancy Pelosi and John Boehner for most of this problem..

    Folks these two people put together the adgenda for the congress and the senate. They allow what bills will be heard and which ones are tabled..... Pelosi is behind the slow process of drilling for oil.

    Dont blame McCain or Bush for this one folks Ask your elected officials and find out if I'm right.

    Just goes to show how much you people know about politics

    September 24, 2008 08:08 pm at 8:08 pm |
  6. Chris from STL

    Everyone .... wait ..... wait .... the mavericks are coming to DC to shake things up!

    September 24, 2008 08:09 pm at 8:09 pm |
  7. John in DC

    Let's get this straight. The Senator who said that the economy was not his strong suit is going to come in and add his voice to work of the banking and finance committees that he isn't even a part of.

    It's like me standing outside NASa and saying that I'm going to go help them work out the issues with the O-rings. While I may be able to say that they should fix it and something should be done, that doesn't neccessarily mean that I'm adding anyting new into the solution.

    At least I can get a good picture out of it.

    September 24, 2008 08:10 pm at 8:10 pm |
  8. Scott L

    Kind of makes you wonder if the Democrats had not taken a break a few weeks back to address the gas prices issue if this could not have been solved sooner...methinks yes!

    September 24, 2008 08:10 pm at 8:10 pm |
  9. Minnesotan for Dems

    I wonder, has anyone asked Sarah how she feels about postponing the VP debate?? Bet not... I actually feel bad for Sarah for being used so blantatly, Why not give her the benefit of doubt and attempt to try to prove she is capable of the VP position. Being a woman, I would be ticked off at not being allowed to show what I am capable of...

    Isn't having this debate considered putting Country first??? I mean it's supposed to give the people facts about what the next President will bring for the next 4 years.

    Obama/Biden 08

    September 24, 2008 08:11 pm at 8:11 pm |
  10. Sean then they don't urgently need McCain's economic wisdom to get this done? But someone needs to tell them that the economy is still "fundamentally strong".....especially if it's someone who freely admits that they don't know much about the economy. Obviously, McCain is their man!

    September 24, 2008 08:11 pm at 8:11 pm |
  11. Walt, Belton,TX

    For all you self proclaimed economic whizzes, Greenspan was one of the big causes of this present problem. So, if you want to quote or cite someone with any credibility, how about going for a winner, not a loser.

    September 24, 2008 08:11 pm at 8:11 pm |
  12. Straight Truth

    Mc Cain forgot this is 2008... not 1908.
    You dont have to physically travel someplace to communicate with the folks in that someplace.
    We nowdays have Video Conferences via Webcams.. 😛
    Ohh.. and telephones and Blackberies.. Lets not forget e:mail. 🙂

    September 24, 2008 08:13 pm at 8:13 pm |
  13. TRUTH

    What exactly is McCain going to do, was going to vote for McCain because of obama's arrogance, but the REPLICANS have messed up too much. OBAMA-Biden

    September 24, 2008 08:14 pm at 8:14 pm |
  14. Kate in NC

    So the leaders in the House and Senate say they are making headway. What is up? McCain looks like a deer in the headlights – no idea which way to go.

    Stop the madness – vote OBAMA!

    September 24, 2008 08:14 pm at 8:14 pm |
  15. Peter (CA)

    Looks like there is no reason to delay the debate-

    Foaming at the mouth right wingers-use facts or at least make up some credible ones.

    September 24, 2008 08:14 pm at 8:14 pm |
  16. nick mentis

    AMERICANS,this is what is happenning to your country!!! The republicans,decided to have one LAST HURAH with taxpayers money,all masterminded by non other than G.W.Bush they plan a huge bail-out for wall street, leave AMERICA in debt it will never recover from and have huge CALIFORNIA style SPLIT when the dust settles!!! Tey know they are on their way out of the WhiteHouse so why not!!! Than they can sit back and blame the new president for the mess AMERICA is in!! How brilliant !!! BUT YOU HAVE TO BE THE PRESIDENT OF THE USA IN ORDER TO GET AWAY WITH IT !!! A JOB WELL DONE GEORGE!!!!!! GOD BLESS AMERICA!!!!

    September 24, 2008 08:15 pm at 8:15 pm |
  17. maya

    The American people need to give Sarah Palin a couple more days to cram for the VP exam that will take place next Thursday. I have an idea...Let's reschedule the Presidential debates from this coming Friday to next Thursday. Let's pretend that J Mac is really trying to help this "fundamentally sound economy." –Then please American people - please don't ask Mrs. Palin to answer any questions about ANYTHING.

    She's trying to concentrate!

    September 24, 2008 08:16 pm at 8:16 pm |
  18. Shannon

    what a joke, where were they when all of this was happening! She was speaker, she didn't notice the country was in a meltdown.

    September 24, 2008 08:19 pm at 8:19 pm |
  19. christina

    It's sad to see McCain in this light .You would think he is a newcomer like Shara.He didn't even take questions after.Like Shara.But I do hear she has some experience now.

    September 24, 2008 08:20 pm at 8:20 pm |
  20. dustin

    so mccain will not help, and congress is working together to try and do what the democrats have wanted for years, basically this goes to show us that we might as well just vote for the big D all the way down the board.

    September 24, 2008 08:22 pm at 8:22 pm |
  21. Janice Il

    We needed Bo to tell us that the president must multi task? Say something that we don't know, at this point anything would be great! If my name was going to be on one of the biggest decisions that the US is going to make in this century, you can bet that I'd want to be there for it. If anybody on this blog is going to buy a new house , just phone in your info and let someone else sign the mortgage papers it will be ok. You don't need to be there ?

    September 24, 2008 08:26 pm at 8:26 pm |
  22. Amy-TX

    Pathetic Democrats wow, I have never seen a bigger bunch of babies in my life. John McCain see's the US is in economic danger and you morons (democrats) criticize the man for wanting to go back and help out because HE IS A U.S. SENATOR. DUH! Did you morons forget that. The democrats are trying to tear this country apart with all their lies. IT'S TIME TO TAKE A STAND AND SEND A MESSAGE LOUD AND CLEAR. DEMOCRATS WE'VE HAD ENOUGH. I have never seen such a pathetic group of losers grasping at anything to take someone down.

    September 24, 2008 08:26 pm at 8:26 pm |
  23. karen in ok

    I thought the country was fundamentaly sound?
    Sara says there going to be a depression,, only one way out, we need another war. Is that what all you mcCain sheep want?
    WAKE UP!!!!!!!!!!!

    September 24, 2008 08:26 pm at 8:26 pm |
  24. Mike in MN

    This is just a ONE TRILLION dollar stop gap until the elections are over (if they actually happen) at which point the next? president will hve to deal with what adding ONE TRILLION dollars of DEBT has done to the dollar, the price of oil, inflation........ They're just punting at this point. To top it off their PLAN included NO OPPORTUNITY FOR CONGRESSIONAL OR JUDICIAL REVIEW OF THE ACTIONS OF

    September 24, 2008 08:27 pm at 8:27 pm |
  25. James Stanley Ind TX

    I want every taxpayer to be issued shares in proportion to the amount of taxes they pay. Otherwise the taxpayers will never benefit if and when these companies ever turn around.
    NO WAIT...Bottom line.... why do these private entities deserve a bailout and not the US public. Divide the 700 billion by the number of Taxpayers and give me my BAILOUT. I'm living paycheck to paycheck.

    September 24, 2008 08:29 pm at 8:29 pm |
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