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 5/10 Good --- www.charlotte.com http://www.charlotte.com/559/index.rss
| News, sports and entertainment from Charlotte.com ... |
Friday, July 25, 2008 --- 26 days ago http://www.charlotteobserver.com/559/story/727691.html
| President Bush pulled the rug out from under Republicans this week when he abruptly dropped his opposition to a massive housing rescue. Their reaction? Good riddance. Three-quarters of House Republicans defied Bush and voted against the package, designed to help 400,000 homeowners stave off foreclosure and inject a dose of stability into jittery housing and financial markets. The split reflected an every-man-for-himself mentality that has taken hold in GOP circles in a challenging political environment in which Bush, with record-low approval ratings, is seen as an albatross around the necks of vulnerable Republicans. "For these members - particularly those on the bubble - there's no percentage in being seen as a Bush lackey," said Rep. Tom Davis, R-Va. The president's decision to drop this threat to veto the bill "probably made it easier to vote against it, because then you don't get beat up for siding with Bush." Only 45 House Republicans - most from areas ravaged by foreclosures and some facing tough re-election fights - backed the bill. Many of them did so holding their noses. "There were a lot of things I didn't like about the bill, but this was the last train leaving the station. ... This was take it or leave it," said Rep. Pat Tiberi, R-Ohio, one of 21 Republicans who originally opposed the housing measure when it was approved in May, but backed the final version on Wednesday. Tiberi, whose district has experienced high rate ... |
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