White House meeting ends on sour note (Lipstick On A PIG!)

A high-profile White House meeting on Treasury’s $700 billion Wall Street rescue plan ended Thursday on a sour, contentious note, with no joint endorsement by the two presidential candidates, Sens. John McCain and Barack Obama. Democrats complained of being “blindsided” by a new conservative alternative to the plan first put forward by Treasury Secretary Henry Paulson. And the outcome casts doubt on the ability of Congress to move quickly on the matter, even after leaders of House and Senate banking committees reached a bipartisan agreement Thursday on the framework for legislation authorizing the massive government intervention. It was McCain who...

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