OFFICE OF THE MAJORITY LEADER

TRANSCRIPT

Discussing Support for the Financial Recovery Plan on ABC
October 2, 2007

... STORY. >> WHAT WE HEARD AND SAW ON THE HILL WAS AN ALL OUT LOBBYING PUSH TO DELIVER VOTES. THE SHIP IS MAKING IT CLEAR TO HOUSE MEMBERS INTEND TO GET THE DEAL APPROVED TOMORROW -- LEADERSHIP IS MAKING IT CLEAR, EVEN AS THEY ARE HEARING FROM CONSTITUENTS WHO STILL OPPOSE THE BAILOUT. AND STENY HOYER'S OFFICE, THE PHONES HAVE BEEN BUZZING. AM I WILL PASS YOUR MESSAGE ON. >> CHANCES ARE THAT THEY WANT COIR TO VOTE AGAINST THE BAILOUT. LAWYER SAYS HE IS GETTING FEWER OF THOSE SINCE THE BIG MARKET DIP THAT FOLLOWED MONDAY'S HOUSE NO VOTE. >> I THINK MORE AND MORE OF THE PUBLIC IS GETTING THE SENSE, HEY, MAYBE THIS IS NECESSARY AND IT AFFECTS ME. >> STENY HOYER BELIEVES THE PLAN TO PURCHASE BAD ASSETS FROM FAILING FINANCIAL INSTITUTIONS PASSED LAST NIGHT BY THE SENATE WILL PASS THE HOUSE TOMORROW. >> I DON'T KNOW. I REALLY MEAN THAT. I AM LOOKING AT IT AND THINKING ABOUT IT. >> DON EDWARDS, REPRESENTS MUCH OF PRINCE GEORGE'S COUNTY, VOTED NO ON MONDAY. SHE SPENT ALL MY GOING OVER THE NEW BILL AND IS NOT CONVINCED. FOR OFFICE HAS ALSO BEEN BOMBARDED WITH CALLS. FROM CITIZEN LOBBYISTS. >> SHE NEEDS TO VOTE AGAINST THE BILL. >> EDWARDS SAYS SHE HEARS IT. >> I WANT TO KNOW WHAT IS GONE TO HAPPEN DIRECTLY WITH HOMEOWNERS IN MY COMMUNITIES WHO ARE LOSING HOMES AT RATES THAT ARE UNPARALLELED. >> STENY HOYER SAYS THE PLAN IS TO BRING THE PACKAGE TO VOTE FOR THE FULL HOUSE TOMORROW AND HE IS OPTIMISTIC THAT THIS TIME IT WILL PASS. BRAD BELL, ABC 7 NEWS. >>> MEANWHILE, BILLIONAIRE WARREN BUFFETT CONTINUES TO SHOW HIS CONFIDENCE IN THE STOCK MARKET AND THE FUTURE OF THE U.S. ECONOMY. HIS COMPANY IS BUYING $3 BILLION OF PREFERRED STOCK FROM GENERAL ELECTRIC. THIS IS THE SECOND MAJOR INVESTMENTS SINCE THE FINANCIAL CRISIS BEGAN. LAST MONTH, HE INVESTED $5 BILLION IN GOLDMAN SACHS. >>> BREAKING NEWS AND TED STEVENS CORRUPTION TRIAL. THE JUDGE JUST REJECTED THE ALASKA SENATORS REQUEST FOR A MISTRIAL. THE JUDGE SENT THE JURY HOME TODAY TO HOLD A HEARING ON THE MISTRIAL REQUEST. DEFENSE ATTORNEYS ACCUSED THE PROSECUTION OF WITHHOLDING FBI REPORTS THEY SAID WOULD HAVE HELPED THE DEFENSE. THE PROSECUTION SAID IT WAS AN HONEST MISTAKE. >>> DOCTORS SAY THE NOROVIRUS IS TO BLAME FOR MAKING NEARLY 200 STUDENTS AT GEORGETOWN SEC. THE DOCTORS INITIALLY THOUGHT FOOD POISONING IS WHAT SENT PEOPLE TO HOSPITAL. THE FIRST WAVE OF ILLNESS AMONG THE STUDENTS HAPPEN TO AFTER EATING AT THE O'DONOVAN DINING HALL ON CAMPUS, BUT OFFICIALS DO NOT KNOW IF THE NOROVIRUS CAME FROM HUMANS OR THE FOOD. CLEANING CREWS ARE SCRUBBING DOWN THE FACILITIES. >>> COMING UP, DOZENS OF ANIMALS RESCUED AFTER A CANADIAN PUPPY MILL IS BUSTED. NOW THEY'RE LOOKING FOR GOOD HOMES IN THE METRO AREA. >> REACTION TONIGHT TO THE VIRGINIA STATE POLICE POLICY ABOUT PRAYER. >> AND WE WILL TELL YOU WHY THE DEPARTMENT OF JUSTICE IS SUING METRO. >> THINK THERE IS FAULT IN THE AIR NOW? WAIT UNTIL TOMORROW MORNING. JOHN MCCAIN TALKS ABOUT A $5,000 TAX CREDIT FOR HEALTH CARE. BUT HERE'S WHAT HE'S NOT TELLING YOU. MCCAIN WOULD MAKE YOU PAY INCOME TAX ON YOUR HEALTH INSURANCE BENEFITS, TAXING HEALTH BENEFITS FOR THE FIRST TIME EVER. AND THAT TAX CREDIT? MCCAIN'S OWN WEB SITE SAYS IT GOES STRAIGHT TO THE INSURANCE COMPANIES, NOT TO YOU, LEAVING YOU ON YOUR OWN TO PAY MCCAIN'S HEALTH INSURANCE TAX. I'M BARACK OBAMA, AND I APPROVE THIS MESSAGE. ...