WASHINGTON - The House on Monday defeated a $700 billion emergency rescue package, ignoring urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry.
Stocks plummeted on Wall Street even before the 228-205 vote to reject the bill was announced on the House floor.
Waiting on "Crushing Defeat For Bush/McCain" headlines in 3... 2...
Never mind that the Democrats, who have controlled the House for nearly two years, have been gallivanting around just flush with excitement over this bailout, calling press conferences and looking insufferably smug (Barney Frank, smug alert on line 1...).
That is all...
5 comments:
stocks were down by 600, now only 450. . . came back up 150 pts in less than an hour or so. . .
Maybe this is not the end of the world as we are told. The markets can see folks don't want the bail out and they are getting use to the idea they may not get bailed out. . .
Very interesting indeed
Who runs Barter Town!
Bust a deal, and face the Wheel!
Democrats have the majority in both the House and the Senate. They could have passed this without Republican help, and they could have taken all the credit, but they knew this bill stunk like yesterdays diapers, and they would get all the blame; in a word: cowards.
I don't know who said this but it fits this situation : Stupid should hurt!
I know that it will hurt somebody but this bailout idea isn't for you or me. Don Imus had a guest on Friday that said the bailout would be good for confidence of the market and that it was needed. Horse poop! This is exactly why some of these people need to find out that doing bad things will cause you some pain so it won't happen again...
Joe R.
Did anybody catch Pelosi's speech? Unfrigginbelieveable! It's all Bushs fault...
While all her committee chairs and anyone up for re-election in a tight race got to vote NO on the Dems side. As Steve said, they 'could' have passed it on their own, but NO...
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