[Guest post by DRJ]
“A spokesman for House Minority Leader John Boehner, R-Ohio, cautions that House Republicans have not signed on to anything.
Spokesman Kevin Smith said this includes Rep. Spencer Bachus, the ranking Republican on the House Financial Services Committee, who spoke to the press after this morning’s negotiation over the Wall Street bailout bill.
After the meeting, Bachus told reporters, “One thing that I’m encouraged by is something that Senator (Jack) Reed and I have worked on for taxpayer protection, [t]o see that the taxpayer and the Treasury is reimbursed for their expenditures. And I think that was an important step that we all took. And we’re committed to the tax money — the taxpayer being protected. There was progress today. And I felt like the discussions were very open. And we’re all committed to a successful and positive conclusion.”
Boehner issued a statement that he was encouraged by the progress and I agree. It’s refreshing to see legislators negotiating compromises that benefit taxpayers.
I only wish Congress would show the same concern and fortitude after the vote is over. Once the deal is done, I fear many of the politicians who approved this bailout will criticize it as a bad decision. It’s part of the new political landscape where politicians try to have their cake and eat it, too.