(no subject)

[merchimerch]

Oh wow - the bailout bill failed and the DOW is plunging.

Even more shocking, although the Democrats largely supported it and Republicans largely didn't, I was shocked that only 60% of Democrats voted for the bill. I don't think I understand the nuances of the bill, but it did seem as though there were more safeguards for taxpayers than I expected. Perhaps this is why the Republicans pulled support?

CNN says that there may be another vote soon, but wow, just wow.

Comments

[fallen42.livejournal.com]

Republicans don't support it because it flies in the face of their platform of fiscal conservatism and lazzie faire economy. That and the idea is pretty unpopular.

[bellebonnesage.livejournal.com]

According to Barney Frank, Republicans didn't support it because of their unshakable faith in the free market. It's nice to have them act for some other reason than "irritate Democrats" for once.

[rednikki.livejournal.com]

According to Republicans, they bailed due to Pelosi's very partisan speech just before the vote. I have to admit, I found her speech not in the vein of bipartisanship - it's like kicking someone in the teeth and then saying "Now vote for me!"