As Negotiators Struck Bailout Deal, McCain Dined At Opulent DC Hotel
BAILOUT BREAKTHROUGH Read The Full Bailout Plan... House Vote Planned For Monday... Will Purchase $700B In Troubled Debt... Strict Oversight By Congress... Pay Limits For Executives... Help For Homeowners McCain Camp Can't Get Story Straight On Bailout... At Posh Hotel During Bailout Deal... Obama, McCain Delicately Embrace Deal
Original post (see update): So lawmakers struck a deal on the bailout last night, but where was John McCain?
Was he part of the negotiations that he rushed back to Washington, DC to rescue? Was he valiantly battling the forces of the status quo to get something done for Main Street?
Well, it turns out that he wasn't. Instead, he indulged in a luxury dining experience at CityZen, an icon of haute cuisine in Washington, DC.
Politico reports (update: Politico has updated the article and removed the reference to McCain's dinner, but as you can see in this Google search, the reference was there in the original article):
As his colleagues worked on the deal at the Capitol Saturday night, McCain and his wife, Cindy, dined with Sen. Joe Lieberman and his wife, Hadassah, at CityZen, one of Washington's best restaurants.
WASHINGTON (AP) — Congressional leaders and the Bush administration agreed Sunday on the main elements of a $700 billion bailout for the financial industry, paving the way for swift enactment of the largest government intervention in markets since the Great Depression.Negotiators sought to iron out the final shape of the legislation and it still had to be reviewed by House Republicans, whose fierce opposition to a federal rescue nearly torpedoed an emerging bipartisan pact late in the week. Officials in both parties said they hoped for a House vote Monday."We've still got more to do to finalize it, but I think we're there," said Treasury Secretary Henry Paulson, who participated in the talks at the Capitol.Read the rest of the story here.
Feinstein said the frantic push for the bill from Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson feels too much like the rush into Iraq, the San Francisco Chronicle reported."There is a great deal of cynicism among those of us who have to live with having voted to go into Iraq based on misinformation and intelligence that later turned out not to be truthful," Feinstein saidA full transcript of Feinstein's floor statement to Congress can be seen here.
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