The New York Times has the 'no, no, it was
them' story:
Defying President Bush and the leaders of both parties, rank-and-file lawmakers in the House on Monday rejected a $700 billion economic rescue plan in a revolt that rocked the Capitol, sent markets plunging and left top lawmakers groping for a resolution.
The stunning defeat of the proposal on a 228-205 vote after marathon talks by senior Congressional and Bush administration officials lowered a fog of uncertainty over economies around the globe. Its authors had described the measure as essential to preventing widespread economic calamity.
In the end, only 65 Republicans — just one-third of those voting — backed the plan despite personal pleas from President Bush and encouragement from their presidential nominee, Senator John McCain. By contrast, 140 Democrats, or 60 percent, voted in favor, many after voicing grave misgivings. Their nominee, Senator Barack Obama, also backed the bill.
Rico says 'widespread economic calamity'? Just what we fucking needed. (
Not.) But when was the last time you saw conservative Republicans and liberal Democrats voting on the same side?
Lawmakers on both sides pointed to an outpouring of opposition from deeply hostile constituents just five weeks before every seat in the House was up for election as a fundamental reason that the measure was defeated. House members in potentially tough races and those seeking Senate seats fled from the plan in droves.
1 comment:
What about the 95 Dimocrats that Pelosi failed to bring along??? Had she been able to do that, the bill would have passed. And was her rant really necessary? Seems to me that now is the time to figure out what needs to be done rather than play the blame game.
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