Whoa… I was expecting a close vote on bailout bill but this is a complete shock. The bailout bill has crashed and burned in the House.
The vote was 228 nay to 205 yea with 1 not voting. Democrats supported the bill 140-95, while Republicans opposed it 65-133.
Is this the reason?
Nancy Pelosi’s floor speech certainly didn’t help… I’d like to think the bills failure had more to with a majority of Congressmen being opposed to socializing business losses rather a reaction to the highly partisan nature of her remarks.
The truth is despite all the spin saying this bill needed Republican support to pass Democrats have a sufficient majority in Congress to pass it without Republican support… If just 10 Democrats had changed their votes it would have passed!
If anything this vote is a complete repudiation of Pelosi’s leadership… She simply couldn’t hold her caucus together, let me say this again Democrats have the votes to pass this pig without Republican support and Pelosi couldn’t get it done – 95 members of her caucus voted against it!