The McCain Campiagn said there was never a deal:
Interesting that this comes from a man who on Tuesday still had not read the Paulson Proposal, who, by Thursday still had not called or contacted Senator Shelby, who along side Senator Dodd and many others were working to come together, and who had by all accounts worked out a deal that looked a little something like this:

• Two oversight boards would be formed—one with congressional representation, another would have the power to undo decisions by the Treasury Secretary.


• The Treasury Secretary would be prohibited from acting in an arbitrary or capricious manner or any way inconsistent with existing law.


• Regular, detailed reports would be made to Congress disclosing exercise of the Treasury Secretary's authority.


• An independent inspector general would be set up to monitor the use of the Treasury Secretary's authority.


• The Government Accountability Office would be required to perform audits to ensure proper use of funds, appropriate internal controls, and to prevent waste, fraud, and abuse.


• Maximize and coordinate efforts to modify mortgages for homeowners at risk of foreclosure.


• Loan modifications would be required for mortgages owned or controlled by the federal government.


• A percentage of future profits from the bailout fund would be made available to the Affordable Housing Fund and the Capital Magnet Fund to meet America's housing needs.

Source.

That was the major Idea of the deal. Until John McCain came riding in to DC. The meeting was a disaster. According to Chris Dodd: [...]That bipartisan meeting with President Bush at the White House on the mortgage rescue plan was nothing short of a disaster. In an interview on the CNN cable news network, Dodd described a meeting in which Democrats were blindsided by a new core mortgage proposal from House Republicans, with the tacit backing of Republican presidential candidate John McCain. "I am not going to sign on to something I just saw this afternoon," he said. Dodd said Republicans and Treasury Secretary Henry Paulson had to decide what they wanted to support. The whole meeting "looked like a rescue plan for John McCain," Dodd said. He said he was simply going to pretend that the meeting had never happened.

The Only deal that never was, was the one John McCain wanted, which actually includes cutting MORE corporate taxes and further de-regulates the industry. Still no word on what the blank check is supposed to be.

To say that there was never a deal is just a lie. There is no shading the truth here. I wrote a blog the other night about John MCCain being one of those guys who pulls the fire alarm to get out of a test? Well Last night, John McCain called in a bomb threat. He and the fringe right GOP are putting their party first in this very serious economic crisis. People still think he is a maverick? A moderate? A heroic POW?

I think he is a disengenuous politician that puts himself first, party second... and somewhere down the line, his country. And make no mistake, if he is elected, it will be his country, not ours.

Shame on you John McCain.
:peace: and