By Julia Hoppock

Sep 30, 2008 2:43pm

That House Vote — By the Numbers

The final vote was 205 in favor of the bailout bill, 228 against.

140 Democrats voted for it, 95 Democrats voted against it

65 Republicans voted for it, 133 Republicans voted against it as well.

60% of the Democrats voted for it; 66% of the Republicans voted against it.

The entire state delegation of Arizona — Sen. John McCain’s home state — voted against the bill. 4 Democrats, 4 Republicans. All No.

Of the 19 members of Sen. Barack Obama’s home delegation of Illinois, 9 voted against it, 10 voted for it. Of the 9 who voted against it, 4 were Democrats — including Obama’s close ally Rep. Jesse Jackson, Jr. — and 5 were Republicans.

Of the 19 House Republicans from President Bush’s home state of Texas, only 4 voted for it, 15 voted against it.

Of the 34 House Democrats from House Speaker Nancy Pelosi’s home state of California, 19 voted for it, 15 voted against it.

Of the 8 House Republicans from House Minority Leader John Boehner’s home state of Ohio, every one of them except for Boehner — all 7 — voted against it.

Of the 37 Democratic members of the House Financial Services Committee, 25 voted for the bill, 12 voted against it.

Of the 33 Republican members of the House Financial Services Committee, only 8 voted for the bill, 25 voted against it.  Meaning 76% of the Republicans on the committee where the bill originated voted against it — a worse percentage than the House GOP as a whole.

Of the 31 Members of Congress whom ABC News has judged to be vulnerable in their re-election races, 7 voted for the bill, 24 voted against it. (11 of 15 Democrats voted against the bill; 13 of 16 Republicans voted against the bill.)

Of the House Democratic freshmen, 23 voted for the bill, 25 against it.

Of the House Republican freshman, all 17 voted against it.

– Jake Tapper, Z. Byron Wolf, and Lisa Chinn

User Comments

Jake – and the 12+ standing behind Cantor of Virginia that were going to vote for the bail-out, but decided not to at the last minute because their ego got bruised are who? Please provide their names.

Posted by: Enough GOP | September 30, 2008, 2:49 pm 2:49 pm

I wanted to point out two AP stories that deal with a proposal to raise the FDIC limit. The first story says that Sen. Barack Obama supports such a proposal. That is, frankly, shocking, since the idea was actually proposed by House Republican negotiators on Saturday evening, but was strongly rejected by Senate Democrats. Rep. Chris Shays has introduced this proposal as legislation (H.R. 7235). The second AP story mentions the House GOP support for this proposal.
Why is Sen. Obama embracing a proposal his colleagues rejected? Why did Senate Democrats reject the proposal initially? Have they all changed their minds, or is Sen. Obama breaking with his colleagues? Interesting questions …

Posted by: HP Boston | September 30, 2008, 2:49 pm 2:49 pm

Nancy Pelosi didn’t help herself by giving a partisan speech beforehand. It was just dumb. How much worse would the damage be fore McCain and Boehner be if she hadn’t done that and the bill failed?

Posted by: Brian | September 30, 2008, 2:49 pm 2:49 pm

Brian – I think Pelosi’s speech was poorly timed, but House Republicans choosing not to vote for the Bill solely because they got their feelings hurt is almost impossible to fathom. Those Republicans should not be in Office.

Posted by: Paige | September 30, 2008, 2:53 pm 2:53 pm

HP Boston
Maybe because Obama is his own person. You guys rag tag that Obama is the most liberal but when supports an opposing teams party you guys want to scream foul. Republicans no solutions just attacks.

Posted by: MM | September 30, 2008, 2:54 pm 2:54 pm

HP Boston,
Which is why Obama’s backing it now. To find a compromise and to get more Republicans to support the bill.

Posted by: Vanessa | September 30, 2008, 2:56 pm 2:56 pm

even the GOP now says the speech did not ahve anything to do with it. The GOP broke the deal that was stuck to pass a bipartisan bill. They did so to embarrass teh Dems who are trouncing their candidate. A candidate they are increasingly becoming disenfranchised with. This was a last minute blow off of the vote, even Mccain was claiming victory before the vote took place. What does that say about his leadership again?

Posted by: Danny | September 30, 2008, 2:57 pm 2:57 pm

“Why is Sen. Obama embracing a proposal his colleagues rejected? Why did Senate Democrats reject the proposal initially? Have they all changed their minds, or is Sen. Obama breaking with his colleagues? Interesting questions …”
HP Boston,
I agree that these are interesting questions.
Maybe Obama is supporting it because he thinks it’s a good idea. Maybe he’s putting his talk of bipartisanship into action. Maybe he thinks for himself.
Interesting concept…

Posted by: Blue in Michigan | September 30, 2008, 3:01 pm 3:01 pm

HP Boston just because Michael Steele writes it, does not make it true.
Also you should at least put Atlas Shrugged’s comments in quotes even if you do not give them credit

Posted by: Ryan C | September 30, 2008, 3:01 pm 3:01 pm

Why are we going to let the Dem that started this continue to negociate the deal. We need a UH! Hah! moment

Posted by: Pam Storts | September 30, 2008, 3:01 pm 3:01 pm

Madam Speaker protest too much? Shocking

Posted by: Captain America | September 30, 2008, 3:02 pm 3:02 pm

Crazy Joe boning up for the debates?
Must be studying his Neil Kinnock lines.

Posted by: Captain America | September 30, 2008, 3:04 pm 3:04 pm

HP Boston,
Why didn’t Senator Obama jawbone his Democrat colleagues to support the House Republicans?

Posted by: Captain America | September 30, 2008, 3:07 pm 3:07 pm

it went down because for once the people won. the people were opposed. regardless of the political motivation for voting against it it was the will of the people that won in the end.
if you go to the left wing strongly pro obama groups like code pink, answer coalition, moveon.org etc etc they were all against the bailout as written as well. the opposition is broad based and in reaction to the will of the people both left and right and in the middle.

Posted by: colorado | September 30, 2008, 3:08 pm 3:08 pm

Pelosi’s poorly timed, insulting, almost sophomoric screed had nothing to do with the vote no matter what Cantor says.
Ask yourself this; who benefits from the defeat of the bill and who gets hurt?
Who was calling for “Regular Order” when time expired on the vote, ensuring no votes could be changed?

Posted by: Woody | September 30, 2008, 3:08 pm 3:08 pm

Aww, Did the mean ole Madame Speaker criticize the little boys too much? Did she show them tough love with telling them the truth? Awww……
Row row row your boat gently to DEFEAT
Merrily, merrily merrily merrily DEFEAT will be your TREAT!
Funny how the voters now have politicians who are up for votes in November by the cajones.
The Repugs didn’t have the votes to begin with. They’re in scurry and every man for themselves mode. Bush can’t protect them anymore.
The inevitable still holds true.
POTUS OBAMA – It’s a Lock

Posted by: Nat Turner | September 30, 2008, 3:09 pm 3:09 pm

@ hp boston
it’s called compromise…something NEITHER party believes in
at least there was some bipartiship of negating the bill, even though it’s mainly due to people wanting to keep their elected seats

Posted by: gluv | September 30, 2008, 3:14 pm 3:14 pm

80% of America is against the bailout.
Dems, Repugs and Independents.
Do you really want to provide a bailout?
Give 1 million dollars to every American 21 years and older who do not have felony convictions and are not in prison.
Requirements: All credit card debt, school loans and mortgages have to be paid off in full. 100k is required to stay in the bank for 1 year.
PROBLEM SOLVED: Economy booms, Americans feel better about themselves and the credit problem is solved. To top it off, it would be far far less than 700B.

Posted by: Nat Turner | September 30, 2008, 3:15 pm 3:15 pm

Thank those who voted against it in round one, and scorn those who voted for it. And contact your Senators, they are next up in trying to pass this awful bill.

Posted by: hmn | September 30, 2008, 3:16 pm 3:16 pm

“Of the 34 House Democrats from House Speaker Nancy Pelosi’s home state of California, 19 voted for it, 15 voted against it.”

Posted by: Belle Starr | September 30, 2008, 3:17 pm 3:17 pm

Woody – Are you implying the House Republicans and McCain do not mean what they say?
House Republican Leader John Boehner said, “I do believe that we could have gotten there today, had it not been for this partisan speech that the Speaker gave on the floor of the House. I mean, we were — we put everything we had into getting the votes to get there today, but the Speaker had to give a partisan voice that poisoned our conference, caused a number of members who we thought we could get to go south.”
Virginia Rep. Eric Cantor followed Boehner, and showing his own copy of Pelosi’s speech agreeing with his “leader”. “Right here is the reason I believe why this vote failed,” Cantor said.
Later that morning, McCain echoed those same remarks. So they punted on a bill at the expense of middle class America because their egos got bruised.

Posted by: Paige | September 30, 2008, 3:18 pm 3:18 pm

Country First ? I think not…….
the fraud continues
Former House Speaker Newt Gingrich was working aggressively behind the scenes to defeat the Wall Street rescue plan minutes before he himself released a public statement in support of the package, reported on Tuesday.
Gingrich was whipping up votes for the opposition, apparently without the knowledge of the current GOP leader, John Boehner, who was responsible for recruiting enough support from his caucus to help ensure the bill’s passage. Ultimately, the GOP was only able to rally roughly a third of its members.
“Newt Gingrich,” “I am told reliably by leading Republicans who are close to him, he was whipping against this up until the last minute, when he issued that face-saving statement. Newt Gingrich was telling people in the strongest possible language that this was a terrible deal, not only that it was a terrible deal, it was a disaster, it was the end of democracy as we know, it was socialism — and then at the last minute [he] comes out with a statement when the vote is already in place.”
Indeed, shortly before the bill’s failure, Gingrich “reluctantly” came out in favor of its passage: “Therefore, while I am discouraged at the final collapse of the Bush Administration, and frustrated by the Democrats’ passion for the taxpayer’s money, I would reluctantly and sadly vote for the bailout were I still in office.”
Mission Accomplished

Posted by: Rex | September 30, 2008, 3:19 pm 3:19 pm

I cannot believe the news reports today!!!
Hello? People? The majority of the American public was AGAINST this bill and now the MSM is finger pointing at people who voted it down?!?!? What is wrong with this picture?
I say, THANK YOU to those men and women of the House who voted down this insane piece of a bill. Now that the vote is out of the way, let’s get started on crafting a new bill that makes much more sense, with protections for the taxpayers, and ramifications for the bozo’s (political and business) that got us into this mess to begin with.

Posted by: mak | September 30, 2008, 3:20 pm 3:20 pm

I wonder what people who are against the bill will be saying when half the local shopping center is closed before Christmas or the local car dealers are out of business or student can’t go to college because they can’t get a student loan. Those same people will bemoaning that Congress DIDN’T do something when they had the chance. The bill may or may not free up credit, but doing nothing isn’t going to help.

Posted by: JR | September 30, 2008, 3:23 pm 3:23 pm

John McCain is Confused (#278 in the Series)
“John McCain’s economic forum just now, in which McCain, talking about energy policy, stresses the importance of “ensuring that America is secure, and not dependent on oil from people like Hugo Chavez or other parts of the Middle East which is, we know, could be destabilized under certain sets of circumstances.”
Spain is no longer an ally.
We will not take out terrorists without Pakistani permission. Even talking about it is abhorrent.
Venezuela is part of the Middle East.
Things John mcCain has taught us about foreign policy in the last week.

Posted by: Ryan C | September 30, 2008, 3:24 pm 3:24 pm

why have a bail out we are going to have to pay so the sooner we get at it the quicker it will be over a bail out will just add to the bottom line listen to them explain to the people what it is all about well hell if they were so smart why the hell are we in this mess if we really are in one.

Posted by: Bishop | September 30, 2008, 3:24 pm 3:24 pm

Hey Concenend in OH,
Tracey Jopek has some words for you, especially that last part.
Tracy Jopek of Merrill told The Associated Press on Sunday she was honored that Obama remembered Sgt. Ryan David Jopek, who was killed in 2006 by a roadside bomb.
Jopek criticized Internet reports suggesting Obama, D-Ill., exploited her son for political purposes.
“I don’t understand how people can take that and turn it into some garbage on the Internet,” she said.

Posted by: Ryan C | September 30, 2008, 3:26 pm 3:26 pm

Thanks Jake for presenting all sides.

Posted by: John | September 30, 2008, 3:27 pm 3:27 pm

We all know how well the media brings us true and tried facts like Iraq war and Bail outs.

Posted by: Bishop | September 30, 2008, 3:28 pm 3:28 pm

“All these folk claining Obama took PAC money from Freddie and Fannie are liars!”
Not quite.
In 2004 and in 2006 while a Senator Obama received $2K each cycle from the Fannie Mae PAC.
So that’s $4K total in PAC money.
Obama has not taken any PAC money for his Presidential campaign.

Posted by: Ryan C | September 30, 2008, 3:28 pm 3:28 pm

student can’t go to college because they can’t get a student loan.

Posted by: Belle Starr | September 30, 2008, 3:29 pm 3:29 pm

“I wonder what people who are against the bill will be saying when half the local shopping center is closed before Christmas or the local car dealers are out of business … “

Posted by: Belle Starr | September 30, 2008, 3:32 pm 3:32 pm

Ryan C
OMG Obama recieved 4K from PAC. The PAC must really own Obama … (sarcasm). Look at the campaign finance website and you’ll see Obama has a big fat 0 next to PAC money. How much has McCain received in PAC? How much relative to his total?

Posted by: MM | September 30, 2008, 3:32 pm 3:32 pm

John McCain made the morning show rounds today. On Fox they were virtually begging him to ‘suspend’ his campaign again in the wake of the bailout failure yesterday on the Hill. You know, since it worked out so well the first time. McCain’s answer: He just might suspend again.”
I vote he suspends his campaign permanently.
Can I get a show of hands by those who agree?

Posted by: Alex Independent. | September 30, 2008, 3:33 pm 3:33 pm

MM,
The facts are exactly as I stated them and in the proper context.
When someone throws Obama taking PAC money in your face, laugh at them mention the piddling amount and contrast it with the $15K Rick Davis collected in Aug 2008 alone.
Do not go into rhetorical battle without knowing what you are fighting with and against.

Posted by: Ryan C | September 30, 2008, 3:35 pm 3:35 pm

“Woody – Are you implying the House Republicans and McCain do not mean what they say?”
Yes.
Q. How do you know when a politician is lying?
A. His lips are moving.
I saw the Cantor video. It’s called damage control. They’re trying to distract the public from the fact they got blind-sided by Pelosi. McCain and Boehner thought it was going to pass, but when Republicans with something to lose this election cycle saw Democrats running for cover they followed suit.
Don’t get distracted by what politicians say, look at what they do. Actions speak louder than words.
I ask again, who benefits from the bill failing to pass and who gets hurt? Simple question.

Posted by: Woody | September 30, 2008, 3:36 pm 3:36 pm

“McCain’s answer: He just might suspend again”
Alex independent,
Its not like the suspension would be hard.
Just announce you are suspended then carry on business as usual.
I still can’t believe McCain had the temerity to talk about phoning it in when that’s about all he did.

Posted by: Ryan C | September 30, 2008, 3:36 pm 3:36 pm

Ryan C & MM you are on the same side

Posted by: Alex Independent. | September 30, 2008, 3:37 pm 3:37 pm

Woody – McCain is who gets hurt as the lack of passage is directly tied to his lack of leadership. Why would McCain’s own party want to hurt him? There are 36 days to election day with numerous swing states already early voting.

Posted by: Paige | September 30, 2008, 3:39 pm 3:39 pm

Country First? ……. really ??
…”The Republican National Committee’s new advertisement critical of the the Wall Street “bailout” …
was produced and sent to television stations in key states… before …the package failed, officials at two stations said.
While the Republican Leadership was shaking hands and allegedly rallying their troops to vote for the plan, they were already cutting ads to bash the Democrats.
This is why only Republicans in safe seats and leadership positions voted for it. Yesterday, they went out and blamed Pelosi for injecting partisanship into the process, causing the bill to fail, when actually they wanted it to pass so they could… use it against the Democrats.
And they were not even hiding it- this was what many online had openly said they should do, and the commercials were ready to bash the Democrats for passing the plan.
Except the plan failed. And the Republicans are caught red-handed, and will pay the price should things melt down. Not that half the GOP base or the Republican Study Group care- half of them probably think an economic disaster is an alternate route to the Rapture.
The only thing you can count on in politics these days is the sure-fire bet that when the chips are down, the Republicans always, always always put themselves first. These guys need a solid two decades in the minority.”
Mission Accomplished

Posted by: Rex | September 30, 2008, 3:39 pm 3:39 pm

“I ask again, who benefits from the bill failing to pass and who gets hurt? Simple question.”
There are quite a few political risk involved for all sides.
The bill’s failure hurts Congressional Democrats and McCain the most in my opinion.
Democrats because its feeds into the GOP meme about a do nothing Congress unwilling or unable to stand up to Bush.
McCain because of theatrical move of suspending his campaign.
Those voting against it likely win with the voters even if a similar bill passes this week.

Posted by: Ryan C | September 30, 2008, 3:42 pm 3:42 pm

Woody – I would have more respect for the House GOP is they punted the bill on the merits of the Bill. The fact Cantor got up there and stated our feelings got hurt, so we said “no”, will cause them to do additional damage control. I had to think twice if I was watching TV or standing on the playground. It was the most obnoxious, lame, unexcusable, excuse for not voting I have ever heard.

Posted by: Paige | September 30, 2008, 3:43 pm 3:43 pm

Jopek criticized Internet reports suggesting Obama, D-Ill., exploited her son for political purposes.
“I don’t understand how people can take that and turn it into some garbage on the Internet,” she said.
Tracey Jopek does not know they depths of the right wing though she got an unfortunate glimpse.

Posted by: Ryan C | September 30, 2008, 3:44 pm 3:44 pm

Poor poor little republicans aww they got their feeling hurt by nancy

Posted by: angie | September 30, 2008, 3:46 pm 3:46 pm

Pelosi brought more votes in for this Republican Bill than she even promised the Republicans. The Republicans couldn’t even bring in the minimum number they promised.

Posted by: Paige | September 30, 2008, 3:48 pm 3:48 pm

Any smart people out there to answere this question?
If 8% of the population control 85% of the wealth, Then who would you say is holding out on credit and lending?

Posted by: Underdog | September 30, 2008, 3:50 pm 3:50 pm

Let’s get Bill Gates and O. Winfrey to bail out this country.
Fat chance that will happen

Posted by: Underdog | September 30, 2008, 3:53 pm 3:53 pm

Reason Bill and “O” will not.
They are smarter than that.
They know this is a hoax

Posted by: Underdog | September 30, 2008, 3:55 pm 3:55 pm

I’m not going to put all the blame for this on the GOP. Yes, everyone up for election that voted against this is a coward, but it doesn’t help that the feedback they’re getting from the American people is against it.
This whole thing was marketed poorly. First they called it a “bailout” and no on wants to bailout Wall Street executives. Next, the CEO golden parachute problem got huge amount of airtime, but the fact that a provision to limit golden parachutes was added to the bill did not. Finally, the fact that it will cost the American taxpayer far more than $700 billion if we don’t pass this thing hasn’t been hammered in.
Then there are the “150 economics” who say they are opposed to this bailout. Awesome. So who supports it other than this administration no one trusts? And exactly what did those 150 economics actually say. And who are these 150 economists?
Then you have the house GOP say they had an “alternative” that would not cost the American taxpayer any money. Great. Which economists support the alternative? Which do not? Is it actually workable?
This plan was so poorly sold to the American people that it is somewhat understandable to those Representatives who voted against it because they feared for their re-election. They are still cowards, but they aren’t completely without reason.

Posted by: johnTX | September 30, 2008, 3:58 pm 3:58 pm

Who wins and who loses?
Winners: Obama, Obama and Obama. All he had to do was be quiet and let everyone else bloody each other up. Sometimes inaction is the best political move.
Losers: McCain, Bush, Paulson, Pelosi for a day or two, Boehner, free markets and every American.
McCain looks like a complete fool in all of this. Clueless.
Bush and Paulson (D) tried to ram their plan (plus Democratic add-ons) down the throats of House Republicans. Republicans said no way, pushed Bush aside, worked with Democrats on joint version. Bush and Paulson are marginalized.
Pelosi looks like a weak leader for the short term but it doesn’t matter. She gets re-elected in a landslide and all is forgotten.
Boehner just plain got snookered. Couldn’t stop the bleeding when the voting started.
All in all a great political move by Pelosi even if it sent world financial markets into the tank and perhaps extended and deepened the global recession. The end justifies the means, right?

Posted by: Woody | September 30, 2008, 4:00 pm 4:00 pm

The credit market has been tight before so what bunch of liars this whole thing is so bogus so Obama can go up in polls I’m not buying it.

Posted by: Bishop | September 30, 2008, 4:00 pm 4:00 pm

johnTX
You are right, this all smells of a scam.
Gloom and Doom, they really have faith in the American people’s ability to survive bad times.

Posted by: Underdog | September 30, 2008, 4:02 pm 4:02 pm

yippee…..incompetence from the leadership of both parties and two pathetic candidates for President….”happy days are here again”

Posted by: chris | September 30, 2008, 4:02 pm 4:02 pm

We need a just say no to congress pac.

Posted by: Bishop | September 30, 2008, 4:04 pm 4:04 pm

Bishop
Just suppose the Right Wing, self-interest lobbiest are setting OBAMA UP FOR FAILURE..
AT THE RISK OF AMERICAN’S ABLILITY TO LIVE AS PEOPLE OF A MIDDLE CLASS..
DO YOU HATE THE MIDDLE CLASS WORKER
‘BISHOP’.

Posted by: Underdog | September 30, 2008, 4:04 pm 4:04 pm

“This plan was so poorly sold to the American people that it is somewhat understandable to those Representatives who voted against it because they feared for their re-election. They are still cowards, but they aren’t completely without reason.”
I agree with this especially the first part.
All people heard was a price tag ($700B), a urgency to act immediately and a beneficiary (Wall Street).
Nobody “sold” this bill because in the end they were unwilling to “buy” it themselves.

Posted by: Ryan C | September 30, 2008, 4:05 pm 4:05 pm

If goverment steps in is it still a free market?

Posted by: Bishop | September 30, 2008, 4:06 pm 4:06 pm

obama is as big of a phony as mccain is….he’s just more careful with his words and speeches to charm everyone away from the skeletons in his closet

Posted by: chris | September 30, 2008, 4:06 pm 4:06 pm

What Middle class it is more like the working class

Posted by: Bishop | September 30, 2008, 4:13 pm 4:13 pm

Obama knows the FDIC petitioned to raise the limit and is trying to steal the idea as his own.

Posted by: geevill | September 30, 2008, 4:14 pm 4:14 pm

“I wanted him to know my son’s name for one thing, for when he’s commander in chief,” Mrs. Jopek said during a telephone interview
Poor woman. Obama froze like a deer in headlights when it came time to remember her son’s name. I gotta brace too it was given to me by Sgt. uh, the mother,, uh, of uh

Posted by: geevill | September 30, 2008, 4:16 pm 4:16 pm

well I pray that they never get back to the table on this one .

Posted by: Bishop | September 30, 2008, 4:19 pm 4:19 pm

“Obama knows the FDIC petitioned to raise the limit and is trying to steal the idea as his own.”
So McCain calling for the same idea after Obama did would also be stealing?
You guys are too predictable.
Obama gave a 35 minute speech about the bailout and its impact today.
John mcCain considered “suspending” his campaign again.

Posted by: Ryan C | September 30, 2008, 4:20 pm 4:20 pm

“If goverment steps in is it still a free market”
If the government has any regulation at all, is it still a free market?

Posted by: Ryan C | September 30, 2008, 4:21 pm 4:21 pm

“Obama froze like a deer in headlights when it came time to remember her son’s name”
I think Obama was taken aback by McCain’s crass mentioning dead soldiers to distract the audience after Obama nailed him on signing songs about bombing Iran.

Posted by: Ryan C | September 30, 2008, 4:25 pm 4:25 pm

I’d like to see the bill go before the House again just to see Boehner cry again…

Posted by: Blue in Michigan | September 30, 2008, 4:32 pm 4:32 pm

I think people take the phrase “free market” a bit too literally.
Pure free markets do not work. They have never worked. Even the biggest free market advocate agrees to some regulation.
In a pure free market, there would be a handful of monopolies that owned everything. Potential competition would be stifled by dumping products at below cost and promptly raising the price back up after the competition went bankrupt. Companies would use their monopoly on a product to extend their reach into new markets by tying their products together.
So get it out of your head that we have a pure free market. We do not.
Furthermore, this rescue plan isn’t even close to socialism. We are buying debt to sell at a later time. We did it during the Great Depression and during the S&L scandal. We buy the stuff, restructure it, wait a while and then sell it.

Posted by: johnTX | September 30, 2008, 4:45 pm 4:45 pm

Even Limbaugh called out the House GOP who said they voted “no” on the bill because their feelings got hurt:
The Republicans in Congress, I think went out there and said some things about Pelosi’s speech yesterday that a lot of Republicans, a lot of conservatives, “Come on, you guys, can you grow up? Don’t tell us that you changed your vote on saving the country because Pelosi delivered a partisan speech.”

Posted by: Paige | September 30, 2008, 4:54 pm 4:54 pm

Jopek e-mailed Obama in February asking that he not mention her son’s name while campaigning; however, she now says she is thrilled Obama did so in order to respond to McCain in a debate. She can’t make up her mind. Just like Obama.
Too bad Obama couldn’t remember her son’s name and had to check the bracelet for it.

Posted by: marylou | September 30, 2008, 4:55 pm 4:55 pm

marylou – see Ryan C’s post at 3:44 PM

Posted by: Paige | September 30, 2008, 4:57 pm 4:57 pm

“however, she now says she is thrilled Obama did so in order to respond to McCain in a debate. She can’t make up her mind”
Wow attacking a woman who lost her son in the war (based on lies propagated by the right wing) on how she would like her son remembered.
The right wing has no decency.

Posted by: Ryan C | September 30, 2008, 4:59 pm 4:59 pm

BTW marylou, the reason Tracey Jopek emailed the campaign and asked them to stop mentioning his name originally is because right wing nutjobs on the internet were attacking her viciously.
Brian Jopek: Because of some of the negative feedback she’s gotten on the Internet, you know Internet blogs, you know people accusing her of… or accusing Obama of trying to get votes doing it… and that sort of thing.
Such a proud day for the right wing!

Posted by: Ryan C | September 30, 2008, 5:06 pm 5:06 pm

C’mon marylou let’s hear some more venom for a Gold Star Mother.
I know your well of it is bottomless.

Posted by: Ryan C | September 30, 2008, 5:07 pm 5:07 pm

“Furthermore, this rescue plan isn’t even close to socialism. We are buying debt to sell at a later time. We did it during the Great Depression and during the S&L scandal. We buy the stuff, restructure it, wait a while and then sell it.”
Not exactly. We’re being asked to buy bad mortgages, mortgages on forclosed properties with unknown value, so in a way we’re buying “debt”.
More precisely we’re being asked to buy $700B worth of bad investsments that no one in the open market wants to touch. They are assets without a marker. Will they increase in value someday? Who knows? All we know for sure is no one wants to touch them at bargain basement prices right now. This situation has some similarities to the S&L bailout but the magnitude is about 1000 times greater.
There’s government regulation, which of course is required, and there’s government interference with the laws of supply and demand, the consequence of risk and reward and the absolvence of accountability. Here we have the latter.

Posted by: Woody | September 30, 2008, 5:14 pm 5:14 pm

Let’s talk judgement.
Here’s McCain in 1998
MOTHER JONES: You not only have had combat experience in Vietnam, but you were also a prisoner of war. When you look at terrorism right now, with people like Osama bin Laden, do you have any reservations about watching strikes like that?
JOHN MCCAIN: You could say, Look, is this guy, Laden, really the bad guy that’s depicted? Most of us have never heard of him before. And where there is a parallel with Vietnam is: What’s plan B? What do we do next? We sent our troops into Vietnam to protect the bases. Lyndon Johnson said, Only to protect the bases. Next thing you know…. Well, we’ve declared to the terrorists that we’re going to strike them wherever they live. That’s fine. But what’s next? That’s where there might be some comparison.

Posted by: Ryan C | September 30, 2008, 5:29 pm 5:29 pm

OBAMA: For the rest of today and as long as it takes, I’ll continue to reach out to leaders in both parties and do whatever I can to help secure the plan. This morning I talked to President Bush, I talked to Senator Harry Reid, the majority leader — (cheers and applause), oh, yeah. I forgot, he happens to come from Nevada. To the Democrats and Republicans who opposed this plan yesterday, I say, “Step up to the plate; do what’s right for this country.” And to all Americans, I say this. If and when I am president of the United States, this rescue plan will not be the end of what we do
Can someone ask Obama why he did not rally together the Black Congressional Caucus. What happened with that?

Posted by: Concerned Democrat | September 30, 2008, 5:38 pm 5:38 pm

TAX PAYERS are not confident that Congress and their “leadership” knows what to do on this, and since Bush’s financial advisers didn’t see this coming, why would we think they know what to do???
So it goes back to Trust, and I do not believe for one minute that they really know what to do.
If they did they would not be running around acting like the sky is falling. All the Democratic leadership is worried about is that it comes off as Bush’s fault!
We can not bail out everyone. These businesses made terrible business decisions and it is too late to fix that. Who are we going to trust to handle this big bucket of money?? The businesses that mishandled their companies??
No way, I say wait until we get the new president in there.
Even if I lose all of my 401k, that is better than saddling my children and grandchildren with this mess. I do not believe the sky is falling!
This did not happen overnight, and does not require us to react irresponsibly by overreacting and having a knee jerk reaction to this crisis.

Posted by: sandyfeet | September 30, 2008, 5:46 pm 5:46 pm

What did he mean by that? That this won’t be the last of the American Tax Money that we give away?? That is scary!

Posted by: sandyfeet | September 30, 2008, 5:50 pm 5:50 pm

If you go back in time and look at the The American Homeowership & Economic Opportunity Act that was passed by President Clinton in late December of 2000. This was the first step in what became a huge price tag for housing loans that people got and could not afford.
They are not sure this will work, and so we need to proceed with caution.
I think we need to bring in the experts (not the Congress).
Let’s bring in the best Economist that we have out there—30- 50 of them and let’s them give us a recommendation! (I’m sure we will need equal representation of Democrats/ Repulicans…since we are so political) Anyway I’d be more inclined believe them.

Posted by: sandyfeet | September 30, 2008, 6:08 pm 6:08 pm

“The American Homeowership & Economic Opportunity Act that was passed by President Clinton in late December of 2000″
This was signed by President Clinton.
It was passed by a Republican controlled Congress overwhelmingly with huge support from both parties.

Posted by: Ryan C | September 30, 2008, 6:19 pm 6:19 pm

After Pelosi’s trashing of the Republicans just before the vote – WHAT DO YOU EXPECT?? THIS WOMAN HAS NO RIGHT TO BE ANYWHERE NEAR WASHINGTON!! Any REP on the fence BEFORE HER RANTING CERTAINLY MUST HAVE BEEN TURNED OFF AND VOTED NO.

Posted by: Manitu | September 30, 2008, 7:18 pm 7:18 pm

Manitu:
so… what your saying is that certain Republicans had their feelings hurt and because of that they voted no and help initiate an almost 800 point decline in the stock market and still refused to address the financial crisis in any manner.
well….. that’s certainly putting ‘country first’
Mission Accomplished

Posted by: Rex | September 30, 2008, 7:55 pm 7:55 pm

The perception has been set. The world awaits a promised bailout. Are American taxpayers more knowledgeable than the White House, McCain and Obama?
Or are they suddenly just less susceptible to bad PR?
It sure looks like it.

Posted by: PacificGatePost | September 30, 2008, 8:13 pm 8:13 pm

Rex.
You missed it. By Thurs. Revised bill should be OK’d by House with revised provisions that MOST can live with. Obama screwed up in Senate in 2005 when he had a chance to support revisions to Fannie Mae and Freddie Mac….. but he had just received $126,0000 in contributions from both Fannie Mae AND Freddie Mac. A little tough to be impartial!!

Posted by: Temagami | September 30, 2008, 9:32 pm 9:32 pm

One question: if this bill was so good on its own merits why do the Dems claim to want Repub support? Dems have the MAJORITY in the House. Why not get every Dem to vote for it and if it failed b/c of Repubs then they could use it against them before the election? Answer: Dems are scared to death to be the party to pass this bill on their own. The fact that certain Dems in tough re-election races were told they could vote no is one indicator. The other is that the Congressional black hispanic caucuses all voted NO. 12 members of Barney Frank’s committee voted NO. Plus during the vote, there was a congressman who went on NPR radio and said that the plan was to get Repubs to pass the bill and then use it against them prior to the election. Wow, what political courage. These are the men and women we have representing us. I say throw out all the incumbents and elect new leaders far far far away from Washington DC.

Posted by: jmf1977 | September 30, 2008, 9:37 pm 9:37 pm

Rex
What I am saying is that Obama had a chance to help straighten out Fannie May and Freddie Mac in 2005, but preferred to stand aloof!! No, we have a problem, but since Obama got $126,000 from Fannie and Freddie….. HOW MUCH CAN HE HELP?? HOW MUCH DID MCCAIN GET?? NADA, ZERO, ZELCH, NONE!! Obama is worth about as much as ti_s on a frog!!

Posted by: Temagami | September 30, 2008, 9:44 pm 9:44 pm

Temagami:
next you’ll tell me that McCain has been crusading for more regulation all his political career….
the real problem is that the same security that the government gives banks was extended to other financial institutions who didn’t have to deal with the tighter regulations and oversight that banks do.. they were free to do just about anything, and they did, without supervision or accountability, they knew that no matter what happened the government would bail them out.
Mission Accomplished

Posted by: Rex | October 1, 2008, 12:32 am 12:32 am

All the financial mess points to Freddie and Fannie. The evidence is clear as day as who the culprits were and intent. Using loans to those that couldn’t afford them for profit and political power. There were warnings (from Bush), hearings and regulation offered. But Democrats opposed any more regulation and claimed nothing was wrong. Both Chris Dodd and Barney Frank need to resign period.

Posted by: Kenny Jones | October 1, 2008, 2:14 am 2:14 am

I find it odd how the media has blamed the Republicans for not passing the bill yet 95 Democrats voted against it. If only 20% of those Democrats would have voted for the bill it would have passed. And futhermore, why should we the taxpayers, the little guy trying to make it have to pay for those who speculated and lost. Only in America can you loss money and expect to be bailed out. Had the marked kept going thses fat cats would have found loop holes to avoid paying taxes.

Posted by: Frank In So. Fla | October 1, 2008, 9:55 pm 9:55 pm

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