Posted by AzBlueMeanie:
The reporting this morning is that Senators Harry Reid and Mitch McConnell on Tuesday
will present their colleagues with a plan that could resolve the
standoff, end the shutdown and lift the threat
of a default.
What happens in the radical Tea-Publican House led by the TanMan, Weeper of the House John Boehner, remains much in doubt. Senate
Leaders Push Debt Deal With House Still in Doubt. With a deal in sight, the question is whether House Republicans are ready to accept it. Will House Republicans allow a retreat?
I am afraid there is what Federal Reserve Board Chairman Alan Greenspan once referred to as "irrational exuberance" among the Beltway media villagers and the banksters of Wall Street that this is a done deal.
Remember this at the height of the financial system meltdown on September 29, 2008? House Rejects Bailout Package, 228-205; Stocks Plunge – NYTimes:
In a moment of historic import in the Capitol and on Wall Street, the House of Representatives voted on Monday to reject a $700 billion rescue of the financial industry. The vote came in stunning defiance of President Bush and Congressional leaders of both parties, who said the bailout was needed to prevent a widespread financial collapse.
Stock markets plunged as it appeared that the measure would go down to
defeat, and kept slumping into the afternoon when that appearance became
a reality. By late afternoon the Dow industrials had fallen more than 5
percent, and other indexes even more sharply.
* * *
The vote was a catastrophic political defeat for President Bush, who
tried to muster national support for a recovery plan in a televised
address last Wednesday, then lobbied wavering Republican legislators in
intensely personal telephone calls on Monday morning.
It was also a catastrophic political defeat for House Minority Leader John Boehner, who gave a floor speech pleading with his members to hold their nose and to vote for the TARP bill. He tearfully pled to do "what's in the best interest of our country."
So does this John Boehner show up today? Will the TanMan waive the so-called "Hastert Rule" and allow a vote on the Senate bill in the House to fund the government and to raise the federal debt ceiling to prevent an economic disaster and to do "what's in the best interest of our country"?
Or will the TanMan continue to side with the Tea Party economic terrorists holding him hostage in a classic case of Stockholm syndrome? Will "Tania" give the Tea Party economic terrorists what they want — the destruction of the federal government and the U.S. and world economy?
I think the answer to that question, sadly, remains seriously in doubt today. It should be a no-brainer.