Reactions: Defeat Of BailOut Bill
Posted on September 29, 2008
Cross posted by Susan from Wake up America
By now most know the bailout bill known as Emergency Economic Stabilization Act of 2008 failed to pass the House with a vote of 228 NAYS to 205 YEAHS.
Reactions are starting to come out with people blaming each other and many blaming Nancy Pelosi for her very divisive speech on the floor at the end of the debate, video will be shown below.
The White House spokesman, Fratto, said, “There’s no question that the country is facing a difficult crisis that needs to be addressed.” He went on to say Bush was disappointed and further stated “Obviously we are very disappointed in this outcome.There’s no question that the country is facing a difficult crisis that needs to be addressed. The president will be meeting with his team this afternoon to determine the next steps and will also be in touch with congressional leaders.”
Several Republican aides said House Speaker Nancy Pelosi, D-Calif., had torpedoed any spirit of bipartisanship that surrounded the bill with her scathing speech near the close of the debate that blamed Bush’s policies for the economic turmoil.
Without mentioning her by name, Rep. Adam Putnam, R-Fla., No. 3 Republican, said: “The partisan tone at the end of the debate today I think did impact the votes on our side.”
Putnam said lawmakers were working “to garner the necessary votes to avoid a financial collapse.”
But the defeat was already causing a brutal round of finger-pointing.
“We could have gotten there today had it not been for the partisan speech that the speaker gave on the floor of the House,” House Minority Leader John Boehner said. Pelosi’s words, the Ohio Republican said, “poisoned our conference, caused a number of members that we thought we could get, to go south.”
Rep. Roy Blunt, R-Mo., the whip, estimated that Pelosi’s speech changed the minds of a dozen Republicans who might otherwise have supported the plan.
Below is the speech from Pelosi which possibly guaranteed she would not receive the votes needed to pass what has been called the “crap sandwich” which many said “sucks”.
Pelosi never did know when to keep her mouth shut. She may have single handedly helped to stop a very bad bill from passing, even though that is contrary to what her intent was.
I wonder how much lower her ratings can go?
Malkin… must read.
Update by Jay: I’m finding Conservatives divided on this, and Slublog sums up the other side of the coin well.
I’ll stipulate that it was wrong and stupid for Pelosi to give that speech. Her leadership is atrocious and her political instincts were completely wrong.
That having been said…grow up! If this really is the crisis that you and the Democrats and the entire political class is telling us it is, then your actions today displayed not only an alarming lack of seriousness, but an almost inconceivable petulance.
What will be the result? Well, maybe a worse bill. Many of the 95 Dems who voted against this thing did so because they were likely irritated at the fact ACORN funding was removed. Pelosi is going to work overtime to get those folks back on board, and ACORN is likely to be the winner.
See the Anchoress for roundup.
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» Filed Under Democrats, Economy, Fiscal Responsibility, Nancy Pelosi, News, Politics As Usual, Socialism, Taxes
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11 Responses to “Reactions: Defeat Of BailOut Bill”
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You’re actually going to try to peddle that? Republicans didn’t vote the way their leadership and Presidential candidate wanted them to because of a singular speech given by a Democrat?
That is just…. unbelievable.
She’s an evil witch who just can’t help herself. When she knows she’s in trouble (she is trying to protect her dirty little coterie of guilty Fannie Mae donation recipients and Barney Frank & Dodd who caused this whole mess to begin with), she just HAS to deflect her own guilt by pointing fingers. Little bitch.
The Repubs didn’t vote for this piece of crap, because their constituents don’t want it. Might I remind Ms. Pelosi that 95 Democrats ALSO voted against it? Does she think it’s because of her little hissy fit of lies? No, it’s because they are all under pressure from the voters.
This whole sideshow is getting dangerous. You have the Democrats who have controlled the congress of the United States, admitting they knew nothing of this mess during the last two years…saying this mess snuck up on us like a small cat’s foot…what nonsense…you were overpaid and charged with knowing what was happening. What an appalling answer to “How did this mess happen to be .
You have the blundering of the President trying to effect this extortion of the taxpayers hard-earned money with nothing but a last few month grandstanding of his miserable performance. Peddling fear and panic to anyone who would listen to him.
I am so sick of the news dedicated to the White House. I personally place the blame of this corrupt and avoidable mess on the heads of the entire congress of the U.S. Senators and Representatives are what the lobbyists of Wall Street and Washington control. The president is a cheerleader, and veto machine. The responsibility of oversight and accountability has been lost on the last 20 years of the congresses returning favors in exchange of re-election of themselves: much of their funds coming from lobbyists who really own most of them.
Throw every single person serving in the United States Congress out of office as quickly as possible. If a democrat put a new democrat in office, if republican put a new republican in office. Without a new congress to rewrite the procedures that the framers designed for them—we are lost.
Never let a politician become elected more than six years….the foxes guarding the hen houses are destroying this nation…Voters Wake up!!!!!
AMERICA NEEDS A BRAND NEW CONGRESS IMMEDIATELY, OTHERWISE THIS NATION WILL BE A FOURTH GENERATION COUNTRY WITHIN 25 YEARS……JG
This is the insane thing that I’ve ever seen. How can you seriously blame a party where a majority of its members vote in the affirmative for the failure of a bill?
I FEEL LIKE I’M TAKING CRAZY PILLS.
I almost look forward to a “President Obama” having to deal on a daily basis with the Debatably Competent Duo of Pelosi and Reid:
I’ve got ten bucks says Obama will soon wish to hell he’d LOST the election.
The demacreeps will try again and again until it passes since their mostly crinimals
…admitting they knew nothing of this mess during the last two years
They knew.
This is awesome. Very well put together. Leaves no confusion……as Joe Friday would say, “The facts M’am, just the facts”. All facts presented here can be verified on Google.
It is a little long (11min) and goes pretty fast. But well worth the time to see. If it goes to fast, use the pause button to stop on each frame you want see it more fully.
Burning Down The House: What Caused Our Economic Crisis? V2
http://www.youtube.com/watch?v=NU6fuFrdCJY
Now go look at section 106 of the ‘‘Emergency Economic Stabilization Act of 2008’’ http://www.foxnews.com/projects/pdf/rescuebill_First_Draft.pdf .
It still wants to skim off 20% of the profits of each sale to fund this housing fiasco and ACORN. If you object to this, then write, email or call your Representative. Slice the pork out. You can make a difference. According to the vote today, many have.
how did your rep vote? http://clerk.house.gov/evs/2008/roll674.xml
Find your rep here: https://forms.house.gov/wyr/welcome.shtml
Find your Reps website here: http://www.house.gov/house/MemberWWW.shtml
Forward this on to all you know. Let the truth out.
Correct me if I’m wrong, but isn’t the HOUSE responsible for appropriations? If they didn’t like Bush’s “anything goes,” they had the power to stomp it out then and there, over the past 8 years. People like PELOSI, who are too busy trying to push the blame on a lame duck President than put the blame squarely where it belongs. She makes me ill.
DEMOCRATS are the ones responsible for this, and I place that blame all the way back to 1913 when the Federal Reserve Act was signed by a DEMOCRATIC President and his Congress in the single deepest subversion of the Constitution in our nation’s history. Exacerbated further by a DEMOCRATIC President in creation of The New Deal and expansion – rather than elimination – of welfare policies by another DEMOCRATIC President.
In signing into power the Fed and giving it the depth of power it has, they have perpetuated and encouraged the manipulation of “free markets” – not allowing them to operate in the manner they should and causing more severe corrections – JUST LIKE THIS ONE WE ARE SEEING NOW.
What was so “great” about the Great Depression? Well, since she’s obviously too ignorant to pick up a history book or a book on economics, I’ll tell her what’s so great about it: It was a chance to learn from our mistakes, what happens when you diddle the system – SO STOP MANIPULATING IT. Instead, they make things worse and worse by not only NOT learning from history but playing with it EVEN MORE. The depression we see (and mark my words, there WILL be one) will be a direct result of the constant manipulation of the markets out of GREED and ARROGANCE and BLATANT STUPIDITY; it will have a worse result the more they screw around with it, instead of leaving it alone; and it will make the Great Depression look like a picnic.
There were angry words about partisanship and Congress was to work in a bipartisan manner on this bill. It was a bipartisan vote the way I see it. A very big bipartisan NO. Let’s hope they can continue to vote no until they can put something together that does not screw the American people for decades and takes all the power out of the hands of one single person. Halloween came early. Just watch D.C.