administration in 2008, the republican secretary of the treasury, hank paulson, was so rattled by a drop of 800 points in the stock market in the midst of the banking crisis that he literally got on his knees with house speaker nancy pelosi and prayed to her to pass the bank bailout bill. prayed to her to help take this decisive action with the bush administration to prevent possibly the collapse of our banking system and possibly the collapse of our economy that very week. so democrats once again took action to save the economy. while republicans in congress are actually playing games with the republican administration and with the legislation. not nancy pelosi. she helped get that job done. the same day that hank paulson got on his knees to pray to nancy pelosi, president george w. bush told presidential candidates barack obama and john mccain in a private meeting, this sucker could go down. meaning the economy of the united states.
republican secretary of the treasury, hank paulson, was so rattled by a drop of 800 points in the stock market in the midst of the banking crisis that he literally got on his knees with house speaker nancy pelosi and prayed to her to pass the bank bailout bill. prayed to her to help take this decisive action with the bush administration to prevent possibly the collapse of our banking system and possibly the collapse of our economy that very week. so democrats once again took action to save the economy. while republicans in congress are actually playing games with the republican administration and with the legislation. not nancy pelosi. she helped get that job done. the same day that hank paulson got on his knees to pray to nancy pelosi, president george w. bush told presidential candidates barack obama and john mccain in a private meeting, this sucker could go down. meaning the economy of the united states. of america could go down.
9:00 am on the east coast, 6:00 am out west. marathon talks lead to a new debt deal. at least in theory. the president backs it. so do leaders of both parties. still, no reason to celebrate just yet. in syria, a violent crackdown on anti-government protests. more than 7 0 people killed and counting. and new this morning, a big change to health coverage. the federal government will require insurers who provide birth control without co-payments. now, in just a few hours, we could see the beginning of the end of the debt crisis. it s been the issue in washington for weeks. and you re probably tired of the finger pointing and doomsday predictions. today, that could all come to an end if the house and senate approve a compromised plan. the deal identifies about $1 trillion in spending cuts over ten years and raises the debt ceiling by about the same amount. bipartisan committee must find ways to trim another trillion a, a so-called deficit posse. the president and house spea
getting the mage? we ve got new polling that says all of that. and this is important. recent polling may also explain why we haven t got an deal yet. we ll tell you what we re talking about. in any case, americans are speaking out today. good morning, speaker boehner s office. how may i help you? a summer avalanche of phone calls hitting the capitol. president obama asked for it in his address to the nation last night. here it is. house switchboard today getting nearly double the volume of normal phone calls, house speaker baine er s office reporting as many as 300 people on hold for as long as an hour. online the same story. site unavailable. server busy. we found better than one in three congressional web sites either slow or down entirely from all the volume. also multiple calls to the white house switchboard by one of our producers also not getting through. that s what s happening. and it s unusual. and there s new polling out there on the debt issue from pew research
getting the mage? we ve got new polling that says all of that. and this is important. recent polling may also explain why we haven t got an deal yet. we ll tell you what we re talking about. in any case, americans are speaking out today. good morning, speaker boehner s office. how may i help you? a summer avalanche of phone calls hitting the capitol. president obama asked for it in his address to the nation last night. here it is. house switchboard today getting nearly double the volume of normal phone calls, house speaker baine er s office reporting as many as 300 people on hold for as long as an hour. online the same story. site unavailable. server busy. we found better than one in three congressional web sites either slow or down entirely from all the volume. also multiple calls to the white house switchboard by one of our producers also not getting through. that s what s happening. and it s unusual. and there s new polling out there on the debt issue from pew research