April 18th, 2010
04:28 PM ET
12 years ago

State of the Union: Candy Crowley's Crib Sheet for April 18

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/04/04/art.candycribnew0404.cnn.jpg caption="In her Crib Sheet, CNN's Candy Crowley wraps the news from Sunday's political talk shows."]
Sunday, Random Sunday,

Geithner, McConnell and Warner talk financial reform, McConnell and McCain talk Crist (it’s not good) and Bill Clinton says his wife is too old (it was almost that bad)

Sorry Charlie

Senate Minority Leader Mitch McConnell reluctantly embraced the blatantly obvious Sunday, “…Marco Rubio is running a very effective campaign, he seems to have the lead… ”. Uh, right. As for McConnell’s pick for Florida’s GOP Senate nominee, the beleaguered Governor Charlie Crist, the minority leader says Crist, “would lose all GOP support if he were to run as an independent.”

And I don’t think you’d be wrong to believe that Sen. John McCain sounded wistful when he said of his old friend Crist, “I hope [Crist] stays a republican.” Doesn’t seem like it at the moment. Crist has until the end of the month to decide.

No Retreat Baby, No Surrender

Sen. McConnell refused to back down on his complaint that the financial industry reform bill the Democrats are expected to put on the floor next week is a “taxpayer bailout,” even if what he is referring to is a “liquidation” kitty funded by the industry, not taxpayers.

Treasury Secretary Geithner (who has also argued against the sort of pre-set liquidation pool McConnell opposes) says nonetheless McConnell is wrong calling it a taxpayer bailout. Geithner also predicts the Dems will be able to peel off some Republicans before it’s all over (but not, it should be added, before some changes are made since all 41 Senate Republicans have said they oppose the bill as currently written)

McConnell also refused to commit to a requirement for transparent and public “derivative” transactions (those incomprehensible hedging your bet deals that seem to have imploded the world economy). Following the minority leader into the studio, Sen. Mark Warner (D-Virginia) opined that he wishes McConnell would throw some specific ideas on the table.

And finally, no apologies either for a meeting McConnell and Sen. John Cornyn (in charge of helping raise money for Senate races) had with Wall Street types. Asked why Cornyn, out of all the Republican colleagues he might have taken, McConnell explained that Cornyn was a Sen. from Texas who had every right to talk to people interested in financial reform legislation.

Oh Dear
Former President Bill Clinton, one of the finest political minds around, predicts on ABC there will be Republican gains, but no Republican takeovers in Congress this fall.

So far, so good.

The former president also said (in response to a question) that he would not be a good Supreme Court Justice pick because he’s 63 and his health is unpredictable. Ok, still so far so good.

Now about his wife as a Supreme Court nominee… He basically said she likes doing what she’s doing…and then, “ …I think if she were asked, she would advise the president to appoint someone 10,15, years younger.” All in all, he probably should have let the secretary of state speak for herself.

Florida’s GOP Race

Sen. Mitch McConnell (R-Minority Leader) on CNN’s State of the Union
“I think we're going to elect a Republican Senator in Florida, and the Republican primary voters in Florida are going to determine who that is. We've been looking as you indicate, it looks like Marco Rubio is running a very effective campaign, he seems to have the lead I'm going to be there behind a GOP nominee whoever that is… he would lose all GOP support if he were to run as an independent.”

Financial Reform

Treasury Secretary Tim Geithner on NBC’s Meet the Press
“What we can guarantee is that if Congress joins with the President in passing the reforms we've proposed, reforms that passed the House, now working their way through the Senate, then taxpayers will not be on the hook for bailing out these large institutions from their mistakes in the future.”

Sen. Mitch McConnell (R-KY) on CNN’s State of the Union
“Well, it is my understanding that there is broad bipartisan support for changing the current way derivatives are regulated. …I think this is an area where we're going to have bipartisan agreements that there ought to be change. I'm not a member of the Banking Committee. I can't tell you exactly what the change ought to be. But I think there is a broad agreement that there ought to be change.”
Candy: “Well, as a general principle, shouldn't those derivative transactions be open?”
Sen. McConnell: “Well, as a general rule, I think we ought to improve the current system, which everyone seems to feel is falling short. Exactly how that will be done we will leave to the experts on the Banking Committee who hopefully can work that part of it out on a bipartisan basis.”
Candy: “So you will agree with whatever the Banking Committee comes up with?”
Sen. McConnell: “Yes, we want to - well, that's what we have been trying to achieve here is to resume the discussions that were going on within the committee. Senator Warner has been a big part of that, that were, we thought, going to lead to a bipartisan bill. I'm hopeful that that will still happen. I think the fact that they reported a bill out of committee on a straight party line vote was not helpful.”

Sen. Mark Warner (D-VA) on CNN’s State of the Union
“What I'd love to hear from the Republican leader, is not these broad brush critiques, we're going to go back into session tomorrow, let's have those 3 or 4 suggestions, put them out there, let's talk about them...”

Sen. Mitch McConnell (R-KY) on CNN’s State of the Union
Candy: “Let me try one more time, why was Sen. Cornyn in that meeting, of all the Senators you could have taken with you?”
Sen. McConnell: “Sen. Cornyn is a United States Senator from Texas, he's going to be voting on this issue like all the rest of us our, simply because we are all involved in politics as is the President, it doesn't mean we can't discuss issues with people that we meet around the country who are deeply involved and concerned about what we're doing.”

A Clinton on the High Court?

Bill Clinton on ABC’s This Week
“I think I would enjoy it, but I don't think it would be a good idea ...I'm already 63 years old.  I hope I live to be 90.  I hope I'm just as healthy as Justice Stevens is.  But it's not predictable.  I'd like to see him put someone in their late 40s or early 50s on the court and someone, you know, with a lot of energy for the job. And I don't think that'd be a good choice.  I also - I love what I'm doing now, and what I'm doing now is something that I'm uniquely qualified to do, whereas there are many people who could be good on the court.”

Bill Clinton on ABC’s This Week
“Oh, she would be great at it, but - and I think at one point in her life she have might have been interested in it.  But she's like me.  You know, we're kind of doers.  We like being out there and doing things, rowing our own boat, and making changes we can see happen.  And again, I think if she were asked, she would advise the president to appoint someone 10, 15 years younger.”

Filed under: 2010 • Mitch McConnell • Popular Posts • State of the Union • Wall Street
soundoff (9 Responses)

    The problem i have with Candy Crowley is that she never can seem to leave her liberal partisan clothes at the door when doing any interview.That is what seperated Walter Cronkite from the so called news journilist that we have today.And they don't see their own bias because most attended universities where liberal professors pass along their ideas to the students without presenting both sides of any particular issue.

    April 18, 2010 04:59 pm at 4:59 pm |
  2. Marie MD

    Somebody, anybody VOTE mcconnel OUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Talk about an old fart!

    April 18, 2010 05:06 pm at 5:06 pm |
  3. Perry

    I guess I should be more specific.

    How long America will you let politicians in the pocket of Wall Street mislead you into voting against your own interests.

    It is not your rights that are being impaired. It is the rights of Wall Street to do harmful and dirty deals that lays in the balance.

    April 18, 2010 05:11 pm at 5:11 pm |
  4. A Southern Lady in North Carolina

    The leaderless, once-proud Republican party has indeed become the party of half-truths, lies and down-right lies. They will oppose, and attempt to block, anything that President Obama does to try to make the country better. They have no shame.

    April 18, 2010 06:02 pm at 6:02 pm |
  5. Jim Damron

    I don't believe a word that comes from Geithner's mouth. We do however need a bill that forces financial institutions to be transparent and controlled enough to assure us that billions of tax payer dollars won't be wasted on them again.

    April 18, 2010 06:31 pm at 6:31 pm |
  6. Anonymous

    I do notice a slant with Ms. Crawley's interviewing techniques. She grills her GOP guest ALOT HARDER Than she does her democratic guest. It is very noticeable.

    At least John King tried to grill all guest equally.

    April 18, 2010 07:07 pm at 7:07 pm |
  7. Michael from Ventura

    Republicans=Hypocrites. I'm so glad I switched parties years ago.

    April 18, 2010 07:19 pm at 7:19 pm |
  8. K in CA

    Great job sticking to the "just give me an answer" routine with McConnell, Candy. That's straight unbiased journalism at work. Just keep it up regardless of whether it's an R or D in the hot seat. The journalist's only job is to simply hold both sides equally accountable for answers. It's the viewers'/readers' job to decide what they think of the answers, or lack there-of.

    April 18, 2010 07:27 pm at 7:27 pm |
  9. Greg in Denver

    Republicans are just not willing to put the interests of the country ahead of the interests of their party (or the special interests that financially support their party). This is NOT 'Country First' but rather 'Party First'.

    And what's even a greater shame is that there are so many Americans willing to send more of these 'Party First' people to Congress. Republicans put their party first because there are enough voters who let them. Period. It's time for America to wake up!

    April 18, 2010 07:35 pm at 7:35 pm |