CommonSenseReport

Where campaigns, congress and courts come together.

The “Bailout” bill failed today

From the Politico:

Republican defections proved fatal to the massive government intervention, rejected 228-205. Despite bipartisan appeals from the leadership, anti-Wall Street sentiment and the huge scale of the proposed government intervention proved too much for Treasury to prevail.

Democrats more than delivered a majority of their caucus, and Pelosi held the vote open to bring her numbers up to 140 votes for the package. But Republicans never topped 70, and the final GOP split was 133 against the bill and only 65 for the measure.

Doesn’t this open the door for the Democrats to push through a bill they all like?  They sacrificed 95 votes in an attempt to attract Republicans.  In exchange, only 65 Republicans joined them.  If they don’t want a compromise, why don’t the Democrats just craft a plan they can pass, leaving it to President Bush to veto if he’d like?

September 29, 2008 - Posted by commonsensereport | Uncategorized | , , | No Comments Yet

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