Before I write anything else read this explanation of why the bailout bill failed today.
“When the gavel came down, the members on the floor were nearly silent. Democratic members immediately met in Speaker Nancy Pelosi’s office after the vote. Republican members went into the office of Boehner, the top Republican in the House.
The Republican House leadership blamed Pelosi, saying she gave a partisan speech before the vote that alienated House Republicans.
While thanking Treasury Secretary Henry Paulson for negotiating on the bill, Pelosi said on the House floor that the Democrats had insisted that the bill “protect the American people and Main Street from the meltdown on Wall Street.”
Pelosi also said the cost of the bailout “is a number that is staggering, but tells us only the costs of the Bush administration’s failed economic policies — policies built on budgetary recklessness, on an anything-goes mentality, with no regulation, no supervision and no discipline in the system.”
After the vote, Boehner said, “Americans are angry, and so are my colleagues. They don’t want to have to vote for a bill like this, and I understand that.”
“I think that we need to renew our efforts to find a solution that Congress can support. I do believe that we could have gotten there today had it not been for this partisan speech that the speaker gave on the floor of the House,” he said.”
CNN’s Jessica Yellin, Deirdre Walsh and Scott J. Anderson contributed to this report.
When I heard that the bailout had failed I was thinking that it would be because a group of Republicans had heard from their constituents and said they could not in all good conscious pass the measure. I do not like Boehner but I believed that he would slam his people for not supporting the passage of the bill; because there was supposedly a deal between both sides. I was wrong. If I am to believe what Bonehead says (yes I know I misspelled his name). Then instead of feeling pride that a group of House members stood up for the people they represent, I am left feeling disgusted.
Nancy Pelosi had no business making partisan comments and I suspect after it passed Boehner would have made some about how all this was made possible by John McCain. The part that blows my mind is that Bonehead is saying that they voted “no” because of Pelosi’s speech. I guess it would have made the Republican party look bad if they passed a bill after she said the things she did. Thank goodness they protected their pride by sending the markets down 777 points to preserve their honor.
So, while I may not agree that this bill needs passage; as do many Americans. I do find it morally offensive that it was not held up because of the people that do not think this is the answer. Instead, I am led to believe that the Democrats said mean things and the Republicans refused to do their chores and now they should be spanked and grounded. Act like you are five and we should all treat the Republicans that held out because of the comments like they are five and the Democrats the same way for saying naughty things. They certainly weren’t doing it for us and they certainly don’t care about what happens to anyone but themselves.






