Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Obama Transition Team Sees Administration "Looking To Be Rescued From Its Own Miscues"

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
Amerigo Vespucci Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 09:28 AM
Original message
Obama Transition Team Sees Administration "Looking To Be Rescued From Its Own Miscues"


By JONATHAN WEISMAN and DEBORAH SOLOMON

WASHINGTON -- Barack Obama's transition team is resisting Bush administration overtures to coordinate more on the financial-sector rescue, convinced that neither the lame-duck President George W. Bush nor the president-elect has the clout to win a smooth congressional release of more bailout funds.

With the first $350 billion of the bailout money nearly allocated, transition aides are pressing Treasury officials to convene a bipartisan meeting on Capitol Hill this week. Obama aides say the Treasury needs to sound out congressional leaders and rank-and-file lawmakers on what information they need to release the second, $350 billion tranche from the government's Troubled Asset Relief Program, or TARP.

"If the Administration believes the second half of the TARP needs to be triggered, we've made it clear to them that we would do everything possible to ensure Congress gives it full consideration," said Obama transition spokeswoman Stephanie Cutter. "But until they make that decision, all parties involved are in a holding pattern."

But tension is growing: Treasury officials believe Obama aides are being short-sighted in their refusal to offer more policy and lobbying assistance, while the transition team sees an administration looking to be rescued from its own miscues.

http://online.wsj.com/article/SB122866009874385877.html
Printer Friendly | Permalink |  | Top

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC