You do know that it was your Republican administration that asked for this bill. George Bush. The republican administration in the Executive branch! Democrats didn't ask for this bill. GW did, and pleaded for a bi-partison deal. Your party is fighting against each other. Your nominee is running against his own party and he can't get his own party to follow him. And now even Indiana looks like it might turn blue. It's a shame that some people just are too stubborn to take ownership of their failures. Remember McCain's lecture during the debates about accepting responsability? If the brakes in your car are not working, and you refuse to admit that there is a problem, your gonna drive your car over a cliff.
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THE ECONOMY
Bailout Bill Goes Down
Congress defeats financial plan, markets shaken
Sep 29, 2008 | Updated: 2:29 p.m. ET Sep 29, 2008
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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.
When the critical vote was tallied, too few members of the House were willing to support the unpopular measure with elections just five weeks away. Ample no votes came from both the Democratic and Republican sides of the aisle.
Bush and a host of leading congressional figures had implored the lawmakers to pass the legislation despite howls of protest from their constituents back home.
The overriding question for congressional leaders was what to do next. Congress has been trying to adjourn so that its members can go out and campaign. And with only five weeks left until Election Day, there was no clear indication of whether the leadership would keep them in Washington. Leaders were huddling after the vote to figure out their next steps.
Monday's mind-numbing vote had been preceded by unusually aggressive White House lobbying, and spokesman Tony Fratto said that Bush had used a "call list" of people he wanted to persuade to vote yes as late as just a short time before the vote.
Lawmakers shouted news of the plummeting Dow Jones average as lawmakers crowded on the House floor during the drawn-out and tense call of the roll, which dragged on for roughly 40 minutes as leaders on both sides scrambled to corral enough of their rank-and-file members to support the deeply unpopular measure.
They found only two.
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