The allies of John McCain who torpedoed the Wall Street dealBy Andrew Pierce
Last Updated: 4:49PM BST 26 Sep 2008
The ambush on the White House, which threatened the $700 million bail out, was orchestrated by five Republicans with close links to John McCain. Two of the rebels were seriously considered as potential vice presidential candidates by Mr McCain before he chose the unknown Sarah Palin from Alaska. ..... The rebels' connections to Mr McCain have fuelled fears that they are plotting a scenario in which the Republican presidential candidate emerges as the only one politician with the stature to broker a deal.
The ring leader of the rebellion is John Boehner, 58, from Ohio, the leader of the Republican minority. He is a doughty fighter. Only days ago he secured an unexpected victory over the Democrats when they agreed to overturn a 25-year-old ban on drilling off the Atlantic and Pacific coasts, waters which were once considered sacrosanct by the conservationists.
Mr Boehner turned an issue feared as a political liability by many Republicans in Congress into political gold as anger over high fuel prices made voters more receptive to calls for more domestic energy production. He met with Mr McCain before blocking the deal in the White House meeting.
He was backed by Richard Shelby, 74, of Alabama, the son of a steel worker, who has made millions as a property developer. The most senior Republican on the senate banking committee his opposition to the Wall Street deal has particularly infuriated Democrats.
An opponent of gun control and abortion he was elected in 1978 as a Democrat. But in 1994 he switched sides to become a Republican, when they gained the majority in Congress. He said his defection was in protest at President Clinton's liberal tax-and-spend policies.
On Thursday afternoon, unknown to the White House and senior Democrats, a series of Conservative principles were drawn-up. They were drafted by the Republicans, Eric Cantor, Jeb Hensarling and Paul Ryan which they wanted incorporated in any rescue plan.
Mr Boehner then, to the consternation of President Bush and Democratic leaders, introduced the principles as a conservative alternative to the Paulson bailout plan halfway through the White House meeting. The meeting then descended into acrimony culminating in Mr Paulson's extraordinary theatrical genuflection.
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The opposition of Jeb Hensarling, 52, a congressman from Texas since 2003, would have come as no surprise to the Democrats. He is known at Congress as the "budget nanny" because he is a vocal supporter of protecting the "family budget from the federal budget". He is an ultra-conservative opposing abortion rights, stem cell research, same-sex marriage, legislation against hate crimes, and supported a Constitutional amendment against flag burning.].
Mr Ryan, 38, from Wisconsin, who was elected in 1998, is one of the authors of the conservative alternative. He met with Mr McCain before the deal was torpedoed.
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These are the guys to VOTE OUT in November. Shelby has a couple more years in the Senate, but the other 4 named here are in the House, and they need to go in November. Especially the one named Jeb. I hope they are not unopposed in their races, because it would be opportunity forfeited.
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