In a move being coordinated with the Obama transition team, senior Bush administration officials are preparing to ask lawmakers for the second half of the $700 billion financial rescue package, despite intense opposition in Congress, sources familiar with the matter said.
The initiative, if it goes ahead, could create an unusual political straddle between the Bush and Obama administrations. If Congress were to vote down the measure, either President Bush or Obama might have to exercise a veto in order to get the money. While Obama officials prefer that current administration issue a veto, the White House is declining to address that question.
Democratic Senate aides were notified in a meeting this afternoon that the request could come as soon as this weekend and that a vote could be held as soon as next week, congressional sources said.
Fool me once, shame on you…
Bush never was a program conservative, and all those who bashed him all these years should at least consider admitting it.
Frankly, I am tired of Compassionate Conservatives. I want the old ruthless, heartless Conservatives back!
Katherine,
And that, of course, is the nub of the problem.