Reid: McCain to support bailout

By Alexander Bolton




Republican presidential nominee John McCain will support a proposed $700 billion bailout of the financial markets, Senate Majority Leader Harry Reid (D-Nev.) announced Tuesday evening. Sen. McCain’s (Ariz.) support of the package had been uncertain as a growing number of Republicans criticized it harshly. Reid specifically challenged McCain on Tuesday to take a position on the bailout package.  “I got some good news in the last hour or so … it appears that Sen. McCain is going to come out for this,” Reid announced.




Reid Disses McCain’s Plan to Come to DC: ‘Trying to Divert Attention From His Failing Campaign’

September 24, 2008  



Senate Majority Leader Harry Reid, D-Nev., just took some swipes at Sen. John McCain, R-Ariz., at a press availability with Sen. Chris Dodd, D-Conn., chairman of the Senate Banking Committee, after the Democratic Senate Caucus met this evening with Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke.

Reid sneered at McCain’s plans to cancel his campaigning — including his participation in Friday night’s debate — to return to the Capitol to work on the Wall Street bailout bill. “It appears to me John McCain is trying to divert attention to his failing campaign,” said Reid. “He can spare an hour and a half of his time and participate in that debate.”




Reid had said the bailout required McCain’s support, which meant presumably McCain would have to come to the floor of the Senate to vote, then Reid criticizes McCain for coming to D.C. to do his job.




BTW:  McCain contradicted Reid saying he never said he would vote for the proposed $700B bailout.




  1. Allan Erickson says:

    Bailout Shields Reid’s Shale Ban
    Amanda Carpenter
    Friday, September 26, 2008

    Democratic Majority Leader Harry Reid is trying to ban shale oil exploration while most members of Congress are focusing on the $700 billion financial bailout.
    Sen. Jim DeMint (R.-S.C.) posted the text of Reid’s proposed ban on shale on his Senate blog Thursday afternoon. “It would be an insult to all Americans if Senate Democrats worked to bailout Wall Street while damaging our future prosperity by banning development of vast energy reserves in oil shale,” a DeMint staffer wrote.
    Colorado Sen. Wayne Allard’s (R.) staff also sounded the alarm once they got wind of Reid’s plans. Allard’s state would be directly affected by the shale ban, as most of the nation’s shale depositories are in the Western states.
    Approximately 800 billion to 2 trillion barrels of oil are estimated to be located there.

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