Taxpayers scored a big victory today when the House failed to pass the bailout bill by a vote of 228 to 205.
Speaker Nancy Pelosi immediately blamed Republicans for the bill's failure. During the debate before the vote, Democrats badmouthed the GOP over the crisis (despite the fact that this crisis is Democrat-made) and Pelosi gave a scathing speech at the end of the debate against Republicans. How do they expect Republicans to support them if they are being badmouthed? She definitely dissed too many people.
Minority leader John Boehner said that the bailout would have passed, but "had it not been for this partisan speech the Speaker gave on the floor of the House." He lamented that just before the vote came up, "... the Speaker had to give a Partisan voice that poisoned our caucus." Looks like Pelosi's mouth took her to a place that her feet couldn't get her out of.
Apparently, Pelosi was also unable to strongarm enough Democrats to pass the bailout as 40% voted against it. Over 90 of them voted against the bailout. No doubt worried about their re-election.
On a side note: Rush Limbaugh today played audio from a C-SPAN video (on YouTube) of Democrats fighting against Republican efforts in 2004 to reform Fannie Mae. The Democrats (led by Rep. Maxine Waters) played the race card and called GOP efforts a "political lynching of Franklin Raines." Check it out! Video here!
UPDATE: YouTube pulled the video (small wonder, their parent company is an Obama supporter) but another site has it and I edited the link above accordingly.
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