BAILOUT FAILS - GOP AND 94 DEMOCRATS SAY NO
After a completely partisan speech by Nancy Pelosi in which she blasted the Bush administration for the financial crisis hitting the markets today, the House defeated the $700 billion dollar bailout bill 228 - 205.
Once again perpetuating the lie that the GOP alone is responsible for the financial crisis Pelosi took the podium on the House floor just before the vote after three days of negotiations in an attempt to create a bill that was bipartisan in nature and in just a few moments Pelosi not only destroyed all bipartisanship but never once accepted or recognized ANY Democrat responsibility in causing the crisis in the first place.
Not once did she mention that GOP lawmakers along with the Bush administration have been warning of a pending crisis for years . Not once did she mention that GOP lawmakers have tried to reform the system dozens of times in the last five years and each time were thwarted by Democrats who claimed that the GOP was only on a witch hunt.
Congressional phone lines and e-mails have been burning with constituents opposed to the bailout bill and Pelosi added to the aggravation showing a total lack of leadership and concern ONLY for promoting her party and NOT any concern for the American people.
Democrats are already trying to blame Republicans alone for the failure in passing the bailout which in this writers opinion makes them heroes and not the scoundrels that Democrats are trying to make them out to be. But 94 Democrats voted against the bailout which also proves that Pelosi cannot even lead her own party much less be Speaker of the House and third in line of succession to the Presidency.
Had this bill been as good as everyone was saying Democrats could have passed it alone as they have a majority in the House. But Democrats did not want the stipulation of being the party that approved $700 billion in bailout money so they brought the GOP into the mix and as such the bill that went before the House was considerably better than the massive bill that began on Thursday of last week.
Democrats have also attempted to portray John McCain as the great disruptor of the bill last week when it was reported that a, "deal," was made and the bill was ready. First there was no deal as House Republicans and most GOP Senators had not even been brought into the mix in preparing the original bill.
The now infamous White House meeting where McCain was accused of creating a ruckus is also a fabrication as far as the facts of the meeting. McCain sat quietly in the meeting except to say that he would not support a bill that did not allow House Republicans any say so in the process, which had been the case before the meeting.
Rather as details are leaking out, President Bush deferred leading the meeting to Pelosi who then deferred to Harry Reid who then deferred to Barack Obama who then immediately accused House Republicans of obstructing the process which in turn sparked a heated debate which lead to McCain placing House Republicans in the mix with his statement of opposing the bill without their participation in the process.
To this Democrat House and Senate leaders blew their tops because they saw their opportunity of getting a bill with pork the way they wanted it ending. Treasury Secretary Henry Paulsen originally asked for McCain to be included in the process because he new McCain could talk to House and Senate Republicans and lead in the negotiations. But McCain arrived at the White House to find House GOP members being left out of the process and would not sign on to anything without their participation and their arguments heard.
Now today when asking for the GOP to vote for the bill Pelosi takes on a completely partisan approach and the vote fails with both sides of the isle defeating the bailout. Now maybe a bill can be put together that places more responsibility on Wall Street than in the pockets of the American people. But if any bill is to pass the best thing to do would be to place Nancy Pelosi in a box and ship her back to San Francisco !
Ken Taylor
Once again perpetuating the lie that the GOP alone is responsible for the financial crisis Pelosi took the podium on the House floor just before the vote after three days of negotiations in an attempt to create a bill that was bipartisan in nature and in just a few moments Pelosi not only destroyed all bipartisanship but never once accepted or recognized ANY Democrat responsibility in causing the crisis in the first place.
Not once did she mention that GOP lawmakers along with the Bush administration have been warning of a pending crisis for years . Not once did she mention that GOP lawmakers have tried to reform the system dozens of times in the last five years and each time were thwarted by Democrats who claimed that the GOP was only on a witch hunt.
Congressional phone lines and e-mails have been burning with constituents opposed to the bailout bill and Pelosi added to the aggravation showing a total lack of leadership and concern ONLY for promoting her party and NOT any concern for the American people.
Democrats are already trying to blame Republicans alone for the failure in passing the bailout which in this writers opinion makes them heroes and not the scoundrels that Democrats are trying to make them out to be. But 94 Democrats voted against the bailout which also proves that Pelosi cannot even lead her own party much less be Speaker of the House and third in line of succession to the Presidency.
Had this bill been as good as everyone was saying Democrats could have passed it alone as they have a majority in the House. But Democrats did not want the stipulation of being the party that approved $700 billion in bailout money so they brought the GOP into the mix and as such the bill that went before the House was considerably better than the massive bill that began on Thursday of last week.
Democrats have also attempted to portray John McCain as the great disruptor of the bill last week when it was reported that a, "deal," was made and the bill was ready. First there was no deal as House Republicans and most GOP Senators had not even been brought into the mix in preparing the original bill.
The now infamous White House meeting where McCain was accused of creating a ruckus is also a fabrication as far as the facts of the meeting. McCain sat quietly in the meeting except to say that he would not support a bill that did not allow House Republicans any say so in the process, which had been the case before the meeting.
Rather as details are leaking out, President Bush deferred leading the meeting to Pelosi who then deferred to Harry Reid who then deferred to Barack Obama who then immediately accused House Republicans of obstructing the process which in turn sparked a heated debate which lead to McCain placing House Republicans in the mix with his statement of opposing the bill without their participation in the process.
To this Democrat House and Senate leaders blew their tops because they saw their opportunity of getting a bill with pork the way they wanted it ending. Treasury Secretary Henry Paulsen originally asked for McCain to be included in the process because he new McCain could talk to House and Senate Republicans and lead in the negotiations. But McCain arrived at the White House to find House GOP members being left out of the process and would not sign on to anything without their participation and their arguments heard.
Now today when asking for the GOP to vote for the bill Pelosi takes on a completely partisan approach and the vote fails with both sides of the isle defeating the bailout. Now maybe a bill can be put together that places more responsibility on Wall Street than in the pockets of the American people. But if any bill is to pass the best thing to do would be to place Nancy Pelosi in a box and ship her back to San Francisco !
Ken Taylor
posted by The Liberal Lie The Conservative Truth | 2:55 PM
12 Comments:
Could they accidently drop that box into San Francisco Bay, Ken??? The woman is an idiot!
Well, most Americans disapproved of this bill anyway - including me - and they do need to come up with something better.
http://patdollard.com/2008/09/rasmussen-majority-of-americans-against-bailout/
They'll have to wait until after the Jewish Holidays though.
I'm actually grateful that there were 94 Democrats (or was it 92?) who voted against it.
This was an utter disaster and there are no winners or losers. Frankly, my position is that it doesn't matter what the government does because the lack of regulation over the multi-trillion derivatives market is the problem (not a few bad mortgage loans).
I am against the bailout on the basic premise that $700 billion won't solve the fiscal mess.
That said, the political fallout will really hurt Republicans - particularly House Republicans. Look, either way people should expect the economy to continue to fall. No matter what we do that is a fact for the near term.
Except now, it is clear that it was the House Republicans who were the main opposition group against the bailout. Whether they like it or not, as the job losses mount, the Dow continues to fall (down almost 800 points today), and the economy continues to falter, they will be the political target of voters' wrath because everyone else wanted the plan to go forward (again, whether you like it or not).
Bush, Paulson, Bernanke all warned about financial crisis. McCain and Obama were for the plan. The majority of Senate Dems and Republicans were for the plan. The majority of House Dems were for the plan. It was only the House Republicans who were in the minority.
Funny how when the Republicans had more vote against the bill, than the Democrats had vote against the bill, the blame gets pointed at the Democrats. Typical Republican math,
pass the buck some more why don't ya!!
I think the Republicans are against the bill because of the regulations that will be put on the banks. Why is it OK to have warrentless wiretapping but we can't have oversight on the banks? Oversight kills capitalism? We would rather have "freedom than bread"? Who is trying to con who?
It's interesting that the original republican bill as written by George Bush left the entire burden for this mess on the backs of the taxpayers, with no checks on wall street greed, no congressional oversight of those entrusted with the $700 billion and no ability of the conservative supreme court to even check on the constitutionality of such a scheme. 67% of house GOP voted against vs. 40% of house DEM's and this conservative blogger blame's democrats? Whose lying here? Not liberals.
Can't wait to see the conservatives eating out of dumpsters. This isn't about bailouts or partisanship. This is about a crisis that will impact every man woman and child in this country. No more free market vs socialism bull. Congress needs to step up, not adjourn.
If the Republicans did what Pelosi always does, the Dems. would wet their skivies!
Jimbo said,
People are emotional and politicians are playing games with common folks' daily lifes. Those conservative Republicans argued that this bail-out bill is a violation free-market principle and the taxpayers may inherit the mother of all debt are non-sense. Our national debt has gone up from 3 trillion to 11 trillion in the last eight years; what is another $700 billion. Did'nt most conservatives argue the cost of Irag war is just a small percent of our national GDP. Is'nt true the exact free-market principal gave up the financial crisis? We have too many double standard and hypocitical politicians,especilly the ultra conservative ones.
I work for a local brokerage and can tell you that this bill should have passed! Americans, Democrats and Republicans are panicking. Granted no matter how you cut it, this IS the result of the Republican banner of less government, ie, less regulation, but that doesnt really matter right now. What many people don't seem to understand is that MOST BUSINESSES RUN ON CREDIT. they shouldnt but they do. that's how they pay for inventory, payroll, expansion, etc. W/O this bail out there are many businesses that can go under. Right now, it's the banks and mom and pop stores, but if something isnt done soon, it will spread to larger businesses. Think, guy needs a car, but cant get one that's one guy. However, IF CAR DEALERS CANT GET INVENTORY OR CUSTOMERS CANT GET CREDIT,CAR DEALERSHIPS GO UNDER. THIS APPLIES TO MOST BUSINESSES,BECAUSE unlike CAR DEALERSHIPS, THE FINANCIAL MKTS, CREDIT, ETC. AFFECT EVERY LEGAL BUSINESS. Check your investments tomorrow and you'll see what I mean. They need the put aside this partisan bickering and think about there constituants. I for one am printing out a list of who voted on this and will vote against every one that voted against the American people.
"Can't wait to see the conservatives eating out of dumpsters. This isn't about bailouts or partisanship. This is about a crisis that will impact every man woman and child in this country. No more free market vs socialism bull. Congress needs to step up, not adjourn."
Sorry man but most conservatives are able to provide for themselves. Its liberals that work in easily to lay off jobs. It won't happen because conservatives are hard workers in private industry while democrats are lazy union workers. When the shit hits the fan who do you think will survive? I know who I am betting on.
Is it possible to expect anything more than spin from The Conservative "Truth"?
Here is the FULL VOTE COUNT, free from from your cherry-picked presentation:
Democrat Ayes: 140
Democrat Noes: 95
Democrat Majority Percentage: 60% Ayes
Republican Ayes: 65
Republican Noes: 133
Republican Majority Percentage: 67% Noes
So who defeated the bill?
Let's put it this way: If all the Republicans had stayed home and only Democrats were present to vote, the bill would have passed into law with quite the comfortable margin.
Conversely, if all the Democrats had stayed home and only Republicans were present to vote, the bill would have been soundly defeated.
Regardless of motivations, it is quite clear that Republicans defeated the bill.
If there is any humor that can be garnered from this disaster, it's Boehner's assertion that, "I do believe that the vote could have succeeded, but the speaker had to give a partisan speech ... that poisoned our caucus."
So Pelosi blamed the crisis on Bush-administration. policies. I'm sure Republicans have NEVER heard a Democrat criticize the Bush administration, right? Puleeze. Spare me the indignant Divac-esque flop.
So if we were to accept Boehner's accusation, Pelosi's little bit of irritation was enough to swing most of those Repubs from doing the right thing, and drive them to rebel against their own leadership, who had beseeched them to vote for the bill for the good of the country.
Are the House Repubs that thin-skinned and immature to throw voting tantrums over a Pelosi speech? What ever happened to the GOP convention mantra of "Country First"?
LOL, it'd be fun to imagine that being the case, but unlike you, I strive to be somewhat fair.
REALITY: The House Repub leadership is weak. House Repubs had their own reservations (for whatever reasons) against the bill, and their votes reflected that, to the embarrassment of the House Repub leaders, who had thrown their weight behind the bill and tried to get the votes necessary, but failed. The Boehner assertion was an attempted face-saving move, but was badly calculated as it is absurd.
Ken: Where did all these anonymice come from?
Either Pelosi is the stupidest woman in Congress or she deliberately sought to spike this bill. I didn't hear one word that she said in FAVOR of the bill.
(I have to admit that she could be both the stupidest woman in congress AND intentionally spike the bill).
Now of course she's out to blame Republicans for the loss as are your anonymice.
If Pelosi or Obama really had wanted this bill to pass they could have found the votes.
They didn't bother to even try.
Post a Comment
<< Home