Bottom line on this vote.They can pass it WITHOUT the Republicans if the deal is so fabulous!

http://hotair.com/archives/2008/09/29/video-house-gop-blames-pelosis-partisan-speech-for-bailout-failure/

The democrats are the majority, the republicans spot them 65 votes, and the democrats still cannot get the bill passed?

And all Nancy could do is wail on GWB.  Ms Pelosi is a liar. She DID NOT have enough support when McCain suspended his campaign to help.  She DID NOT have enough support for this today when 97 Democrats said “NO.”  She cant even lead her own caucus, yet she stands there and blames this on Republicans.

Saw your tirade on video (Pelosi’s speech was about unchecked regulation).

PELOSI: When was the last time anyone ever asked you for $700 billion?

It’s a staggering figure and many questions have arisen from that request. And we have been hearing a very informed debate on all sides of this issue here today. I’m proud of the debate.

$700 billion. A staggering number, but only a part of the cost of the failed Bush economic policies to our country. Policies that were built on budget recklessness when Pres. Bush took office, he inherited Pres. Clinton’s surpluses – four years in a row budget surpluses on a trajectory of $5.6 trillion in surplus. And with his reckless economic policies, within two years, he had turned it around. And now 8 years later, the foundation of that fiscal irresponsibility, combined with an “anything goes” economic policy, has taken us to where we are today.

They claim to be free-market advocates, when it’s really an anything goes mentality. No regulation, no supervision, no discipline. And if you fail, you will have a golden parachute and the taxpayer will bail you out.

Those days are over. The party is over in that respect.

Democrats believe in a free market. We know that it can create jobs, it can create wealth, many good things in our economy. But in this case, in this unbridled form, as encouraged and supported by the Republicans — some Republicans, not all — it has created not jobs, not capital, it has created chaos. And it is that chaos that the Secretary of the Treasury and the Chairman of the Fed came to see us, just about a week and a half ago. It seems like an eternity, doesn’t it? So much has happened. The news was so bad. They described a very dismal situation.

The Dems could have had 82 NO votes; but instead lost 95. Are you kidding me?  Only 140 democrats of 235 voted in favor, or just 59.5%, for the bailout.  http://www.politico.com/news/stories/0908/14087.html

All blame for the failure of this vote belongs squarely on Nancy Pelosi and the Democrats!

Two years ago they called regulators “racists” when they tried to jump in and regulate Fannie Mae and Freddie Mac. Chief name caller was Barney Frank.

Who are you calling a racist now, Mr. Frank?  Now that’s Change you can foreclose on!

House Call Roll Vote

http://clerk.house.gov/evs/2008/roll674.xml#N

Wall Street

Bill Kristol thinks McCain’s only chance now is to stop campaigning (again) and come back to D.C. to try to drive through a compromise. If he succeeds, it’ll prove his leadership and calm the markets. I don’t see how he’s supposed to pull that off, though, when the entire Democratic leadership will be primed to whine about how he’s only making things worse by being there, is ruining delicate negotiations, etc. If Kristol’s serious about solving the crisis and willing to sacrifice electoral gain to do so, there’s an easy compromise solution: Have McCain and Obama do some sort of joint appearance, maybe a presser, urging support for a bailout. That’ll swing public opinion sufficiently to remove the political incentives to voting no and give Pelosi the 10 votes she needs to pass it now. There’s no gain for McCain at the polls in doing so, admittedly, but he’s the guy who preaches “country first.” Here’s his chance.

Update: This is day one.

The Dow closed the day down 777.68 points, or 6.89 percent, beating its previous record for an intraday drop of 721.56 points, set during the first trading day after the Sept. 11, 2001, terror attacks. Still, in percentage terms, the decline remained well below the more than 20 percent drops seen on Black Monday of October 1987 and the Depression.

“This is panic, and fear is running amok,” one trader told CNBC. “We are in a classic financial meltdown, and it’s panic-based. We’re seeing panic selling.”  http://hotair.com/archives/2008/09/29/will-pelosis-second-attempt-at-a-bailout-include-acorn/