John Boehner Finds House Republicans Support against $700 Bln Bailout

26 September 2008 @ 04:58 pm EDT

Republicans at a GOP meeting on Friday stood and applauded House Minority Leader John Boehner, as he addressed the audience with the latest developments in the opposition to the $700 billion bailout.

Boehner's ovations took place at a Republican meeting, exclusive for members, The Politico reported today.

Boehner and the leaders of the House Republican do not support President's Bush bailout plan, intended for the government to help financial institutions to begin providing credit again by buying up the mortgage assets which they have not been able to sell.

GOP members have on the contrary, offered an alternative to the bailout plan, but a bill hasn't been yet released.

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