By GottaLaff
Democrats claimed they would stand up to P.E. Obama (as opposed to what they did for the past 8 years with the Moron in Chief). Turnabout's fair play:
President-elect Barack Obama made his first veto threat Tuesday in a closed-door meeting with Senate Democrats. Obama told his former colleagues that if Congress passes a resolution blocking release of the second half of the financial bailout funds he will veto it, said Sen. Joseph Lieberman after leaving the caucus meeting. [...]H/t: Ellen
Obama spoke for about fifteen minutes and then spent much of the rest of the hour-plus meeting answering questions. Sen. John Kerry (D-Mass.) spoke on behalf of increased spending on energy independence and alternative energy as a way to stimulate the economy. "You add up all the benefits of it and it's really quite extraordinary," said Kerry. [...]Sen. Claire McCaskill (D-Mo.), a top Obama surrogate during the campaign, said that Obama repeatedly stressed the urgency of getting access to the TARP funds quickly and spent the bulk of the meeting on the subject. "The single message that was most consistent was that time is of the essence. There's a sense of urgency," she said.
Because of that urgency, McCaskill said, Obama told the group that he understood that the Senate may not have the time it needs to develop a proper oversight package. He asked his former colleagues not to let that slow down the release of the funds, promising to conduct the oversight they expect and operate with transparency.
GOP senators said Tuesday they were not enthusiastic about releasing the second half of the funds. [...]If Congress releases the funds without a new oversight bill, it will rely on a gentleman's agreement of sort between congressional Democrats and Obama. The framework for such an agreement was debated in a House Financial Services Committee hearing Tuesday. "This is a 'trust but verify' bill," said committee chairman Barny Frank (D-Mass.).
McCaskill, though, said she thinks Obama may get enough votes out of the Senate to approve the funds, obviating a veto. "We didn't take a caucus vote, but he needs fifty votes out of the caucus. I'd be shocked if he didn't get it," she said.
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