Washington to Wall Street: Drop Dead

Nancy Pelosi killed the bill that could have passed without a single Republican.. Why are you trying to mislead the American people? An informed electorate is the foundation for a great America. Please don't misinform us with your partisan OPINION.

Over spending causes debt. Spend more than you takein. Not Tax cuts. Bush came in, 911 happened and the spending went crazy and both sides were taking. Funny how NW finds no guilt in the Dems. Wow since theyare in control of congress. And didn't Frank and Dodd and the Dems Kill the Freddie/Fannie legislation back in '05 Why do you want the gov to bail them out? Oh yeah you a socialist.

jarr

Now, direct that comment toward pearsoncrz who blames the democrats for the 2005 s190 bill failure which he has copied and pasted on several blogs.

Blaming the democratic party nonsense when things go wrong has to stop. Take the blame for something, like chosing McCain for starters.

I'm not sure this was a republican failure, much as I'd like it to be. Seems to me there was a fair amount of bipartisan non-support all the way around. And that may be a good thing..

The fact that it didn't pass says something about a Congress that, however imperfect, doesn't feel the need to ramod through more legislation in haste just because Bush says we should.

Bush - the man who gave us weapons of mass destruction in Iraq, mission accomplished, and the notion that Brownie was doing a heck of a job. Batting 1.000 at falsehoods, telling us we need emergency legislation. There is a distubing pattern here.

This is how we got the legislation after 9/11 that allows us to torture at will, not to mention rendition and some other nasty applications of illegal search and seizure. It's also how we ended up going to Iraq, and how we ended up with a wasteful and redundant Department of Homeland Security just in time to strip the government of it's ability to respond to Katrina.

Personally - I'm glad the republicans AND the democrats didn't muster enough votes to pass a hastily cobbled piece of legislation that nobody really had time to think through.

We've had more than enough of that, thanks.

Wow, what great scholarly journalism. Brush up on how Congress works and research who is in control of both chambers before blaming the *minority* party before writing such a biased piece of junk. Newsweek keeps sinking to new lows.

I am aware that most Repulicans didn't vote for this, and that does not speak well for McCain. But why not mention that the Democratic Black Caucus also voted no, which speaks ill of Obama. I feel that this disaster says we DON"T have a viable candidate for President in either party.

McCain saved his chance, not killed it - and thank goodness for the responsibility Congress felt they owed to their constituents to actually listen for a change. Immediate action is necessary - but a bailout is neither the only nor the right option for America.

Government got us into this problem, I do not trust government to get us out. McCain gets my vote on this one.

The claim that the credit markets have "frozen up" is a scam. The big banks have simply stopped lending to create this artificial "crisis" to prod their buddies in the White House to get them this bailout. They're quite effectively gaming the system.

If the dems passed this bill without the republicans support, it would have been seen as negative as well. The dems brought 60% of their caucus to the vote. Some uniter McCain is - he even took credit for it's passing right before flopped. There is no spin here - it is what it is. Just because you don't like it doesn't mean it's that damn liberal media. The republicans are just pissing and moaning about how we got here and then throw a fit like 2 year olds. Really, NO ONE likes the situation we're in, but there is no time to sit and whine about it. We can't change the past. People say they don't want the bail out, but do they really want what will happen without it?

Gee, mojabar! I didn't know you were at the meeting! You must be a very important person. May I have your autograph?

Thank you TheVigil for your insight, I am also glad our country's leadership wants to take the time to work this out and make a good bill that is is truely what is best for all the people rather than a few

It was not mentioned that 95 Democrats voted against the bill as well as 133 Republicans. This issue is not as bi-partician as it is made out to be. The Democrats need to unify thier own party rather than pointing across the aisle. They could have passed the bill if they were. There must be some issues with this bill that concerns representatives from both parties.

What Washington (and the electorate that drives them) has done by turning down this legislation is to form a circular firing squad and put the evil bankers in the middle. I'm sure that if we fire away long enough we will punish all of the bad guys. It's the multitude of stray bullets which will punish many more innocent people which kind of bothers me. Boy oh boy will we show those bad guys though. Remember that wonderful feeling when you are standing in a soup line. Idiots!.

It's the extremist on both sides. The liberals and conservatives. It's just that there were more republicans voting against it ,that makes them the evil side. The democrats are just the lesser of the evils right now. Clinton did some deregulating too. The bottom line..........bring the middleclass back into this. We may need something as bifg as the New Deal" Lets go green and put some high payingh jobs back into our country. That can be agreed by both repubicans and dems.

I find it curious and somewhat expected form the establishment media to spin this as the fault of the Republicans. The Democrats could pass this legislation with their Democratic representatives. There are enought Democrat reps to pass this bill. They do not need the Republicans to pass legislation. Yet, the Republicans are blamed for this this. Another example of political spin.

Lets call it like it is the RePUBICations have gotten just what they wanted and now deserve. If one I mean 1 republican up for election is elected than the country deserves the obvious DEPRESSION that it is in. Adeaf , blind and DUMB person could see where this country was going 8 years ago . By the way all you so called experts on finincial matters please dont come looking to me for a job. You couldn't balance a check book. For the few that picked up on the deaf blind ans DUMB innuendo its not an innuendo it a fact DUMB + RePUBICans and their illustious leader Bush. I for one am glad he can't play in my sandbox anymore.

"passing it would have begun the first dictatorship in U.S. history.The very idea of one man holding so much power is anathema. No judicial oversight? " This is exactly what we don't need right now! we can't be so dramatic. We need to stop being so emotional with this stuff. I'm also including myself in this. Many independant economists are supporting the bailout. You seem intelligent enough to understand how this works. The generic is (No small buisiness loans no economic growth. ) It's a ripple effect. I don't support rewarding CEO etc, but we need to face reality. If I had my way I would adopt the Scandanavian model. That's not reality in our country though! Sad to say. Healthcare should be affordable, and not run by corporate beaucracies.