WASHINGTON (CNN) - Rep. John Boehner, the Republican leader in the House of Representatives, says the chamber will not vote again Monday on a $700 billion plan to bailout the financial services sector, after it was dramatically defeated on the floor.
Watch: 'It's not Wall Street's fault'
What a complete mess! We need more INDEPENDENTS who will vote for America, for America.
How can you blame only the Rep for the vote when 40% of the Dems didn't agree either.
Maybe we should start sending the credit where it is due. The Dems approved legislation to give subprime loans to people who couldnt afford the loan and if the banks refused to give them the loans people like the Lawyer Obama would sue the banking instution from not following the guidelines. If we want to fix these issues we need to revisit this legislation and maybe re-write or over-turn the law. This allows people to buy things of value 40 times there annual salary. This strapped their income and ten the greed of the spectulators and the oil industry increasing the price of gasoline to the point that the average American was now spending more than they were making just to travel to and from work, so I blame this on the greed of a few.
I don't think anyone is happy about the bailout and in a perfect world it wouldn't be necessary. However, without something being done now your very paychecks could be in jeopardy. If you business does not have cash flow they can't pay you, they can't buy supplies and they will shut down causing more problems in the economy. The hope that the economy will just straighten itself out on its own is not reality at this time. Do some kind of bailout WITH accountability, save our economy and vote for a change in party regime to ensure this doesn't happen again!
Everyone knows the GOP's main goal is to bankrupt government but its shocking that they also are in favor of running the entire world economy into the ditch.
Country?...screw the country should be their motto.
More credit will not make our economy worse. Our economy is driven by credit. Right now people with good credit scores can't get loans because the banks don't want to part with their reserves. No credit, no economy. As a Realtor, I have lots of clients with small businesses that are suffering already. They can't make payroll without a line of credit which they can't get anymore. To give the 700B to the public like some people suggest is ludicirous. Do these people actually think that would help. I suggest some of you people posting on this website read Economics 101.
OSB said he would break our country financially and Bush went right ahead and did that along with the rest of the republicans. And, for those republicans that are going to say the democrats have been in control for 2 years, get a clue. Good ol' Bush has vetoed almost everything the democrats tried to get through.
Yes, they didn't get the votes they thought they had for the bailout bill. Why? Pulosi criticizing Repulican House members for not working hard enough on it early last week. Check those comments in her speech last week and see that she started turning this process into politics as usual, so they revolted.
Announer Sanchez on CNN didn't "get it" when first he said he couldn't find what she said, then he plays a clip this morning about her criticizing Bush. That's not it. She also criticized the entire membership of the Repulican party in the House. Play that clip Sanchez.
Well, according to Americans the economy is the number one issue. Let's see, if we can keep the economy in shambles, that would boost Obama's prospects for victory in November (basically he'd have the same advisors that helped Bill Clinton successfully balance our budget and promote growth).
You think it's above our government to play the people? Some of you are right...this could all be staged.
My Opinion- I don't owe those corporations that are failing one red cent. Let them fail and give the judges authority to re-write the contracts so that people could afford them. I work in the Home Equity business and my company is ethical and doing just fine without government intervention.
FINALLY....the congress listens to 'we the people'!!!! Maybe now we can get a REAL solution to the financial crisis put on the table!!! WAY TO GO HOUSE!!! Please DON'T STOP NOW,get going on a REAL solution!!
The republican argument is what?
The speaker of the house gave a partisan speach so we are going to bash it over the heads of the American people.
What kind of argument is that?
The republican party, putting party over country.
I think there should be NO bailout because the businesses that are overextended (ie; the ones who don't have the money in thier account to make expenses and payroll without borrowing short term) will go away this will make room for businesses who do business correctly by not hiring more employees than thier own payroll capital can support without borrowing. Which will then make small grow not dwindle as politicians are suggesting. So No bailout is a good thing for America not for Bush and the CEO he owes favors to.
OH Now you say they didn't vote for the bill because of Nancy Pelosi. This is definitely an eye opener. REPUBLICANS ARE LYING ABOUT CARING ABOUT MAIN STREET. WAKE UP AMERICA. THIS IS CLEARLY PARTISAN POLITICS!!!!!!!
Do anybody ever think about someone else other than themselves?What about our elderly that depend on their pensions? What about kids that was promised a loan for college this semester? What about a small business that was hanging on by a thread? This is about Main Street, not Wall street. They had better do a better job expalaining themselves and get off of their behinds and stop this stupid argument that Pelosi made them mad. This is utter nonsense. You think you got problems now, just wait until these people can't get money to buy groceries, gas and the basic neccessities to sustain their families. You ain't seen nothing yet.
It seems to me that the Internal Policy based in Terror on people, the disrespect for human rights and the autodetermination of other Independent Nations, the two stupid wars during last 7 years, a new missiles shield in front east, and now this $700.000 plan, ALL promoted by republicans goverment, makes USA more comunist than U.R.S.S, and more national socialist than Germany of Third Reich...Indeed, all during republican goverment...
Wow! She has to go to boot camp now?? Talk about being ill-prepared for the politcal stage.
Obamanomics! Whats that? Take mine and give it to YOU?
Men lie, women lie, but numbers don't lie. I see people quick to comment on 97 Dems who voted against where there was 130+ rethugs voted against it. The retuglicons killed it. no the dems
I can't believe that republicans didn't vote on this because of what someone said. Are these people for real. America's financial future is at stake and they vote against a bill to punish the other party. My God what kind of people do America have running this country. Talk about being petty. God help you all. You need to get rid of this Republican party
Pretending that you are protecting the taxpayer against the evils of the free spending democrats is a great way to win votes from those who are ill advised and or ignorant. It is a disgusting and evil way to attemp to win votes when your party has been responsible for our fiscal deficit – no prpoblem giving a blank check without any restrictions for war. No remorse for the billions that have been spent on contracts for the private sector to make millions in Iraq-not the soldiers-they rely on familes to provide basic needs.
I can't believe that somehow the Republicans are blaming the Democrats for this mess. Did Bush change parties?
I only hope that we can surive until Obama takes over.
IT'S TEH REPUBLICANS STUPID!!!!!!!!!!!!!!!!!!!!!!
WAKE THE HELL UP PEOPLE!
THE REPUBLICANS DID NOT WASTE ONE SECOND AFTER THE BAILOUT WAS VOTED DOWN TO LAY BLAME ON THE DOORSTEPS OF THE DEMOCRATS.
SAME B.S. FOR THE LAST 8 YEARS.
YOU THINK THINGS ARE BAD NOW, ELECT MCCAIN AND PALIN AND KISS YOUR JOB, YOUR SAVINGS, YOUR RETIREMENT, PENSIONS, ETC. GOODBYE!!!!!!!!!!!!!!1
Hey Julie. Think It was the republicans that are blaming pelosie for them voting no. Talk about wearing your emotions on your sleeve. Whether the people of the us want this or not the peolple blaming pelosi are the repubs that wanted this . Now how does pelosi hold responsibility for that?
Bush's failed economic policies lead us into this mess and Bush's failed economic policies will lead us out of it? Please!
THREE TRIES AND CNN WILL NOT POST THE TRUTH WHY NOT C.N.N.
WHAT A MESS this is no time for blame games the way i see it the bail out sucks but whats more important losing our 401k, losing our jobs losing our homes cant get credit i belive the republicans are playing politicts with this bill but you know what they say about republicans when it comes to the people their party and their politicts come first!
Are these people adults, were they not elected to make these decisions!
What the hell do they mean our feelings were hurt!
THIS IS RIDICULOUS!!!! GET RID OF THESE REPUBLICANS!!!!!
Republicans CANNOT blame the Democrats. Republicans failed to deliver their votes. THE REPUBLICAN PARTY IS A COMPLETE FAILURE!!! This proposal was offered by a Republican president, supported by Republicans in the senate, but KILLED by republicans in the house. THE REPUBLICAN PARTY IS A COMPLETE AND UTTER FAILURE.