The nay voters in Congress should be drawn and quartered!! This is what happens when folks like Dick Morris hold more sway than the POTUS and the House leadership of both parties and the Chairman of the Fed and the Sec of Treasury.
The markets will answer quickly.
From Rev Shark at Street.com
"At lot of folks are stunned that the House has failed to pass the "rescue" bill. I think what many have overlooked is the absolute outrage on Main Street. House members have been overwhelmed by calls and emails from folks who hate the whole idea of bailing out Wall Street. Yes, there might be some major misunderstanding about what the bill does, but it's the idea in theory that has inflamed emotions."
From Craig Crawford:
"George W. Bush's White House has gone belly up, not unlike those big banks that failed. The president's political credit was revoked today as his financial bailout failed to pass in the House of Representatives.
This is what happens to a president who lied to Congress to start a war, among other things, even if this time what he is proposing is the best thing for the country."
TW: Fine "Main Street" does not understand it. Responsible elected representatives are meant to understand things better than Main Street sometimes and exercise leadership and maturity. There are reasons mob rule is generally not regarded as effective governance. This is not a bailout of Wall Street, it is an effort to avert a collapse of the world economy.
1 comment:
Can't fully blame republicans as 40% of Dems voted Nay.. A disgrace and the exact reason why we need a POTUS that represents "true" change.. Unfortunately we don't have one.. Obama has the best potential but will fail.. Nothing can get done in DC.. it's hopeless. The true winner of the election will be the loser as the job ages you 15 years.. look at Bush & Clinton..
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