Bailout Fails - GOP And 94 Democrats Say No !

After a completely partisan speech by Nancy Pelosi in which she blasted the Bush administration for the financial crisis hitting the markets today, the House defeated the $700 billion dollar bailout bill 228 - 205.

Once again perpetuating the lie that the GOP alone is responsible for the financial crisis Pelosi took the podium on the House floor just before the vote after three days of negotiations in an attempt to create a bill that was bipartisan in nature and in just a few moments Pelosi not only destroyed all bipartisanship but never once accepted or recognized ANY Democrat responsibility in causing the crisis in the first place.

Not once did she mention that GOP lawmakers along with the Bush administration have been warning of a pending crisis for years . Not once did she mention that GOP lawmakers have tried to reform the system dozens of times in the last five years and each time were thwarted by Democrats who claimed that the GOP was only on a witch hunt.

Congressional phone lines and e-mails have been burning with constituents opposed to the bailout bill and Pelosi added to the aggravation showing a total lack of leadership and concern ONLY for promoting her party and NOT any concern for the American people.

Democrats are already trying to blame Republicans alone for the failure in passing the bailout which in this writers opinion makes them heroes and not the scoundrels that Democrats are trying to make them out to be. But 94 Democrats voted against the bailout which also proves that Pelosi cannot even lead her own party much less be Speaker of the House and third in line of succession to the Presidency.

Had this bill been as good as everyone was saying Democrats could have passed it alone as they have a majority in the House. But Democrats did not want the stipulation of being the party that approved $700 billion in bailout money so they brought the GOP into the mix and as such the bill that went before the House was considerably better than the massive bill that began on Thursday of last week.

Democrats have also attempted to portray John McCain as the great disruptor of the bill last week when it was reported that a, "deal," was made and the bill was ready. First there was no deal as House Republicans and most GOP Senators had not even been brought into the mix in preparing the original bill.

The now infamous White House meeting where McCain was accused of creating a ruckus is also a fabrication as far as the facts of the meeting. McCain sat quietly in the meeting except to say that he would not support a bill that did not allow House Republicans any say so in the process, which had been the case before the meeting.

Rather as details are leaking out, President Bush deferred leading the meeting to Pelosi who then deferred to Harry Reid who then deferred to Barack Obama who then immediately accused House Republicans of obstructing the process which in turn sparked a heated debate which lead to McCain placing House Republicans in the mix with his statement of opposing the bill without their participation in the process.

To this Democrat House and Senate leaders blew their tops because they saw their opportunity of getting a bill with pork the way they wanted it ending. Treasury Secretary Henry Paulsen originally asked for McCain to be included in the process because he new McCain could talk to House and Senate Republicans and lead in the negotiations. But McCain arrived at the White House to find House GOP members being left out of the process and would not sign on to anything without their participation and their arguments heard.

Now today when asking for the GOP to vote for the bill Pelosi takes on a completely partisan approach and the vote fails with both sides of the isle defeating the bailout. Now maybe a bill can be put together that places more responsibility on Wall Street than in the pockets of the American people. But if any bill is to pass the best thing to do would be to place Nancy Pelosi in a box and ship her back to San Francisco !

Ken Taylor http://theliberalslies.blogspot.com