What a shock. Queen Bee Nancy is demanding that she have Republicans jump over the cliff with her on the Wall Street bailout:
House Speaker Nancy Pelosi is telling Democrats that she will not support President Bush’s $700 billion bailout of the financial sector unless there is significant Republican support for the controversial plan.
The politics of the bailout are tricky and dangerous for both political parties, particularly since it comes weeks before the presidential and congressional elections.
As a result, Pelosi (D-Calif.) has effectively sent the message that if she is going to jump off a cliff to rescue Wall Street, she wants House Minority Leader John Boehner (R-Ohio) and George W. Bush holding her hands when she leaps.
Pelosi made this scenario clear at a lengthy closed-door meeting of House Democrats on Tuesday. Many of those present said they took Pelosi’s message to mean that a “majority of the minority” needs to support the bill before she will bring it to the floor.
To get that kind of support, President Bush needs to go on television to speak directly to the public, and get on the phone to rally his fellow Republicans, said House Majority Whip James Clyburn (D-S.C.).
“If it’s a crisis,” Clyburn said in a statement, “and we all need to come together, then as leader of this nation, the president needs to take the lead and bring the country together.”
Reason Number 1 why the Republicans should stand back and tell the Democrats that if they feel there is a solution they should propose one.
And Reason Number 2:
In the Senate, Republicans have also lined up to oppose their president’s bill, which led Senate Majority Leader Harry Reid (D-Nev.) to worry that he may not have enough Republican votes to pass the package.
“We need Republican votes to help us,” he said. “This is a Republican package and we need Republican votes.”
There are plenty of good conservative market-based ideas about dealing with the situation that Republicans should support. This bottomless pit of a turkey which the Democrats are just salivating to put around the necks of Republicans running for reelection should be dropped like the turkey it is.