Money Re: Bailout Deal Collapses
posted by September 29 at 12:30 PMon
And Republicans blame Nancy Pelosi’s speech. Seriously.
“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,” House Minority Leader John Boehner said, adding that Pelosi “poisoned” the GOP conference.
Deputy Minority Whip Eric Cantor (R-Va.) held up a copy of Pelosi’s floor speech at a press conference and said she had “failed to listen and to lead” on the issue.
The Speaker had blasted the Bush administration in her speech and Minority Whip Roy Blunt (R-Mo.) asserted that some GOP lawmakers, who had reluctantly agreed to support the bill, might have changed their minds following Pelosi’s remarks.
Hmm… here’s how the votes broke down:
140 Democrats voted for the bill. They were joined by 65 Republicans. However, 95 Democrats voted against the measure, along with 133 Republicans.
Meanwhile, you can just refresh this page every few minutes to watch the stock market. The Dow was at 10,590 when I took the screen grab above but has dropped about 100 points in the last 10 minutes. Yikes.
UPDATE: It’s Barack Obama’s fault, too, says McCain’s campaign.
McCain senior adviser Douglas Holtz-Eakin said in a statement on Monday that while the Republican presidential candidate had tried to lead on the issue by suspending his campaign and returning to Washington last week, Obama had not been involved with the negotiations and other Democrats had put partisanship ahead of finding a solution….
“This bill failed because Barack Obama and the Democrats put politics ahead of country,” Holtz-Eakin said.
Interesting that this bill, a compromise between both parties yesterday, failed due to unexpected opposition from Republicans. And it was such surprise that Republicans could turn around moments afterward with unified talking points and a press conference.
UPDATE 2: Barney Frank characterizes the Republican response as, “Somebody hurt my feelings, so I will punish the country.” (Video link from Mike in Renton.)