The Alternative


While Democrats are trying to make it look like John McCain somehow killed the administration’s Wall Street bailout proposal, it is House Republicans who are unhappy with the proposal.

A group of conservative Republicans in the U.S. House of Representatives offered a mortgage insurance plan on Thursday as an alternative to the Bush administration Wall Street bailout.

As Congress struggled to find agreement on modifying the massive Bush proposal to attack the housing market crisis, three members of the Republican Study Committee criticized the administration’s proposal and presented their own ideas.

“We think this insurance model works… This is an alternative,” Wisconsin Republican Rep. Paul Ryan said at a press briefing where he distributed a one-page proposal.

He said dozens of House Republicans are involved in the group developing the alternative insurance approach.

Texas Republican Rep. Jeb Hensarling, chairman of the study committee, said its more than 100 members “remain skeptical, fearful and unconvinced” about the administration’s plan.

“The insurance model is one that appeals to us,” he said.

2 Responses to “The Alternative”

  1. 1 Anonymous

    Bill Clinton agrees that the Democrats are to blame for this crisis.

    “Fox News Blames Democrats for Financial Crisis, Bill Clinton Agrees”

    “Going very much against the media meme that the current financial crisis is all George W. Bush and the Republicans’ fault, Bill Clinton on Thursday told ABC’s Chris Cuomo that Democrats for years have been “resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac”

  2. 2 shirtsbyeric

    Now he tells us!

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