US House rejects $US700b bailout plan

Remember when you lose your retirement fund... it was bacause of this***EDIT BY MOD***
That language is not appreciated here.

I am ecstatic.

Nancy Pelosi told Democratic members who were up for re-election they could vote on the this unpopular bill.

83 Dems voted against it.

If she was any kind of leader, she could have had the bill passed with a Democratic vote. She did not need the Republican vote, she just wanted to hang this bail out around them.

Couple by a partisan speach blaming the Republicans for this mess, when it's the responsibility of both parties.

Pelosi is absolutely brutal as the house speaker.

I continue to be disappointed in the Republican Party on this issue. If they had followed what their conservative base and the public as a whole had been saying, they could be claiming victory on this issue! Now both parties are stuck in favor of a failure that is vastly unpopular. I would think that politicians would be a bit better at this whole politicking thing.

She's here to destroy the economy

skanky *** EDIT BY MOD ***

That language is not appreciated here.

I'm disappointed too but lets not forget that the Dems have a house majority. They can pass anything they want. There is plenty of blame to go around on this issue including Clintons policy of letting anyone with a pulse get a mortgage.

Certainly, but you have to take advantage when your opponents are in disagreement, which is rather obviously the case with the Democrat party on this issue.

Republicans are at fault for letting their pride get in the way from doing the right thing.

Pelosi was WAY over the top in her remarks today. She has proven to be radical in her views. I had a lot of hope for her but she has been a massive disappointment.

Well, this does mean that Obama will have to go into the economic debate making excuses for his party. McCain is going to be all over him and the democrats over this one.

I'm not sure if most of you know this, but its been the democrats fault from day 1. It was the Clinton administration that made it possible for companies like fannie Mae to issue 500,000 mortgages to a husband and wife that both work at McDonalds. And, several year back when the Republicans tried to preemptively deal with this matter, it was the Democratic Senate including Obama that voted it down. Now the democrats have voted down the bailout too. Tax payers have the right to be pissed off at the democrats.

I was predicting a close election, but now I hope that Obama's support implodes on him.

Aging, the Dems are doing a good job of pinning this mess on Bush even though this was a Clinton policy to give anyone that breathes a mortgage.

The theory was that if they allowed poor people to own homes that it would lift them out of poverty. Look where that has gotten us. Sound familiar? Just look at Whacko Jacko's platform.

Really? The Bush admin had years to fix that if that was such a problem, but they didn't.

You should also send some hate the Fed's way as Alan Greenspan saw the housing market as the only to soften the drop after the Dot com bubble popped.

Bush tried to change it but the political backlash was huge. He was looked upon as attacking the poor. Good policy but bad politics.