Bailout plan rejected in the House.

[randomness]

Vote was 228-205 against.

Market is way down today.

Comments

the end of civilization is nigh

[ketzl.livejournal.com]

Release the zombies!

[quietann.livejournal.com]

It is not a surprise. Really, the people want to see what *they* will get by having their tax $$$ committed to Wall Street, the same Wall Street that has let many of them down. (My retirement fund is off by about 15% in the last 6 months, and that was *before* AIG...)

I don't want no bailout at all, just a very clear plan with *accountability* for all those involved, and the minimal amount of money committed, plus no "gotcha" phrasing that essentially gives Congress no oversight on the Fed.

Re: the end of civilization is nigh

[evilmagnus]

ONLY ROBO-POPE CAN SAVE US NOW!

Worst. Speaker. Ever.

[fin9901.livejournal.com]

Apparently just before the vote, Speaker Pelosi gave a highly partisan speech, blaming (of course) Bush for everything that is wrong, yadda yadda. This speech had the result of turning about a dozen Republicans from voting for it to voting against it, which was enough to kill it.

Speakers used to as a rule very very rarely speak about legislation on the floor. If Nancy had just kept her trap shut the bailout would have passed the House.

Re: Worst. Speaker. Ever.

[holmes-iv.livejournal.com]

Here's the text of Speaker Pelosi's remarks. I'm no mind-reader, so I can't say how many people would have listened to that and said "screw saving the economy, she hurt my feelings!", but I'm more than a little suspicious of John Boehner's use of it as an excuse for not having gotten even a third of his conference to vote in favor of the bill that he agreed to on their behalf.

[mangosteen]

This would likely have gone a lot better if Paulson didn't open the bidding with "I want everything, preferably now."

[hawver.livejournal.com]

Horray! It's almost enough to make me tolerate democracy again. Almost.

Re: text of Speaker Pelosi's remarks

[irielle.livejournal.com]

Thank you for posting the link to this.

[(Anonymous)]

Yup, and enjoy your job while you have it. It won't be long. 1929, here we come.

Re: Worst. Speaker. Ever.

[fin9901.livejournal.com]

I'm somewhat amazed she was able to say "Democrats believe in the free market" and keep a straight face.

Still, if you're trying to push a bipartisan compromise, it's very bad tactics to come out and insult the opposing party in your opening paragraphs. Either she doesn't know what bipartisan is or she actually wanted the bill to fail.

[r-ness.livejournal.com]

What are you pissed at me for, 205.188.117.134?

[choirsoftheeye.livejournal.com]

And Wachovia got bought out by Citigroup today!

[silk-roses.livejournal.com]

oh, we were all abuzz, down here in the financial district. ::sigh:: maybe i should polish up my resume, though i have no reason to believe i'm actually in danger of losing my job...

Re: Worst. Speaker. Ever.

[browngirl.livejournal.com]

I too thank you for the link to that transcript.

[(Anonymous)]

Not pissed at you, and not sure why you'd think so. Depressed at the turn of events.

[r-ness.livejournal.com]

Ah, okay. I think I took "enjoy your job while you have it. It won't be long," personally.

Re: Worst. Speaker. Ever.

[stolen-tea.livejournal.com]

My money's on not knowing what bipartisan is.

'Cause after all, she's viewed as the uber-liberal *, and periodically tarred and feathered as an example of godless Californian immorality. She's probably never had a Republican offer to work with her, and I doubt she'd offer to work with one of them, either.

* Except in election years, when the most liberal congressperson is whoever the Democrats pick as a presidential candidate.

[whitebird.livejournal.com]

I can not imagine why...

[whitebird.livejournal.com]

(Oh, and I am not that IP address, I'm most likely 208.201.230.183.)

[r-ness.livejournal.com]

Yes, that's what LJ says.

According to LJ, the two anonymous posts came from 205.188.117.134 and 64.12.117.134.

[r-ness.livejournal.com]

...another one bites the dust!

[babasyzygy.livejournal.com]

Aw crap, now I have to change banks.