September 29th, 2008
02:55 PM ET
10 years ago

House Republican leader says no revote on bailout Monday

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'

Filed under: Congress • John Boehner
soundoff (258 Responses)
  1. Jimmy

    Glad to see the fear mongers got stopped this time. No blank check for once. Let the big banks fail - they deserve it - and new ones will sprout up to take their place. Use some commonsense regulation and hey, the new banks might even make a decent profit without killing all of us working stiffs in the process.

    September 29, 2008 03:09 pm at 3:09 pm |
  2. Em

    You have to be kidding me! How incompetent is our government? Why would we ever choose to elect a Republican to office. Do you see the mess that they have created. It is soo frustrating to watch the silly bickering that is going on with our supposed nations leaders! Do Republicans really believe that the American public believe a speech by Nancy Pelosi swayed the vote? Let's get serious!

    September 29, 2008 03:09 pm at 3:09 pm |
  3. Johnny

    Grandpa McCain should resuspend" his campaign and ask those 133 Republicians in the house to get with the program!

    September 29, 2008 03:09 pm at 3:09 pm |
  4. Thanks but not thanks McCain

    So what did McCain actually do to help last week? According to republicans his presence was so helpful and needed-- where is he today- I don't hear anything coming out from his campaign-

    Last week was such crock of crap~!!
    McCain's a liar and manipulator and it came across loud and clear in the debates!

    Obama for President!

    September 29, 2008 03:09 pm at 3:09 pm |
  5. jean from orlando

    For once I believe congress got this one right. How are we the tax payers suppose to baill out all these major corporations for making bad investments and earning millions on them the past few years while our cost of living has gone up and income has gone down. if anything Wallstreet should be asking the government to help bail out the tax payers.

    September 29, 2008 03:10 pm at 3:10 pm |
  6. Bruce

    McCain can not even lead his own party members how can he lead a COUNTRY?

    Again this is an issue that requires THOUGHTFUL deliberation. Something McCain is short on.

    Obama was the first to come up with a list of provisions that MUST be at the core of any BILL. The CEO compensation is one issue thta most MAIN STREET Americans just have a big problem with. Perhaps all CEOs should be told thta until all the money that the US TAX AAYERS are putting up klis payed back in full they will not get any severence pay. Thye should be lucky they do not end up in JAIL.

    The bad loans should not be bought by the Government rather the BANKS should be requied to take a LOAN or sell stock to the government to get the extra cash they need. thye must be held responsible for their missdeeds.

    September 29, 2008 03:10 pm at 3:10 pm |
  7. Sandi from Michigan

    Republicans put their own interests above the needs of the American people.

    Democrats were willing to take a bullet for the American People...Rep. John Boehner and his house members put PARTY FIRST. The Republicans were afraid of going home and having to explain this difficult vote to their constitutes. Their actions were selfish and cowardly….we deserve better than this.

    September 29, 2008 03:10 pm at 3:10 pm |
  8. voter

    I am so glad this was defeated. Its not the banks who invented this crisis who should get relief. Its the people in this country who are suffering from the greed these banks and executives created. Anyone who thinks this bill to bail out the corporations is whats needed to fix our financial crisis should be put on the streets like those who lost thier homes. Lets stop trying to fix the problem that resulted from bad decision making, lets fix the root of the problem.

    September 29, 2008 03:10 pm at 3:10 pm |
  9. Joseph Kay


    September 29, 2008 03:10 pm at 3:10 pm |
  10. Republicans Hate America

    Boehner is from Ohio look at what has happened to that sate he wants to insure it happens to the country.

    September 29, 2008 03:10 pm at 3:10 pm |
  11. Pam

    Yeah, we need more Republicans in the white house.


    September 29, 2008 03:10 pm at 3:10 pm |
  12. Thanks but no thanks McCain

    McCain you and your party should give your paychecks to us!

    Obama for President!

    September 29, 2008 03:11 pm at 3:11 pm |
  13. Jack

    The republicans defeated this bill and they will be the ones responsible for the economic fallout.

    The republicans have caused the credit problem with deregulation and now even after their own president got a guilty conscience and suggested a partial solution, the republicans are saying no to working Americans and our 401K's and retirement funds are evaporating away.

    September 29, 2008 03:11 pm at 3:11 pm |
  14. Jim

    This bailout is a very socialist, liberal idea... and our liberal socialist Congress allowed it to be defeated? hmm. Maybe there is hope yet then that we won't become a socialist society within the next 20 years.

    September 29, 2008 03:11 pm at 3:11 pm |
  15. Hypocracy has no bounds

    I swear all you lemmings out there who just spew out rhetoric for Obama and McCain are idiots.

    This Problem was caused by DEMOCRATS AND REPUBLICANS. Learn to do some research. Your on the interenet posting garbage all day, at least use it to get your FACTS straight.

    Unbelievable. They should really post peoples information who post to get rid of the anonamous factor. Accoutability is a good thing.

    September 29, 2008 03:11 pm at 3:11 pm |
  16. Dee

    You know as much as I hate this crisis, I'm not a big fan of the taxpayers paying the price. I totally understand the package but how in the heck did we get here in the first place. I'm sure there's plenty of blame to give but man this is horrible!!!!

    God help us!!!

    September 29, 2008 03:11 pm at 3:11 pm |
  17. Tom, KS

    Too many foolish people in this country. This resolution was needed to keep our economy stable. Now we face the great plunge. Isn't it great when morons out way people with some foresight.

    September 29, 2008 03:11 pm at 3:11 pm |
  18. Jeff Brown

    Bush started it, let Bush fix it!

    September 29, 2008 03:11 pm at 3:11 pm |
  19. Tell IT Like It IS

    PELOSI, FRANK and theSENATE DEM leaders

    1- Did NOT line up the House votes, Check the DEM vote on NAY

    2- Insulted the GOP members in Pelosi's PRE- vote speech

    3- DON"T realize that C-SPAN has a record of all their B/S
    Check out the dialogue from 2004

    September 29, 2008 03:12 pm at 3:12 pm |
  20. ken case

    I find it refreshing if the legislators are going to get other experts to give their opinions on what could or should happen as the bailout is concerned. Why is it always the thought of congress to throw money (our money, in the form of debt) at the problem in order to try and solve it? Get other opinions so there can be a consenses on the direction they should take, even if it is to let the market work... That has always been the cry of wall street. They got deregulation as a result and as a result they are in this problem....

    September 29, 2008 03:12 pm at 3:12 pm |
  21. dlc

    let the fat cats eat cake. WA MU 18 million dollar parachute for 3 weeks on the job? Give the money to the taxpayer, we'll pay off our debts and spend what is left to kick start the economy again. Stop giving freebees to wall street.

    September 29, 2008 03:12 pm at 3:12 pm |
  22. mobiusinformer

    Obama? McCain? YOUR party is over, fellas.

    Today: People 1, Government 0

    September 29, 2008 03:12 pm at 3:12 pm |
  23. baby mama

    Dems have the majority...why can't Nazi Pelosi keep thm in line...only 60% supported the bill...........Dems running scared???

    September 29, 2008 03:13 pm at 3:13 pm |
  24. Brian loves Palin

    Democrats ruined the standards for loaning money to the American people. They had a nice party for five years with their reduction of standards. Now they want to make our situation even worse by replacing the principles of Free Capitalism with the principles of Government taking over our economy in a very large part and have us pay off the losses of Wall street.

    We need a problem solver who will get in the trenches like Palin and McCain. We don't need a finger pointer like Barack Obama who sits on the sidelines and does little for the American people. Barack you truly suck.

    McCain Palin and Hillary supporters 2008

    September 29, 2008 03:13 pm at 3:13 pm |
  25. sandee in Portland

    I am so appalled by this! As a realtor, I have clients that are more than qualified to buy a home but cannot get the credit to do so. What is the matter with these republicans? They put us into this mess with all their deregulation but now don't want to get us out of it by voting in favor of the bill. Credit is so tight right now, people can't buy cars, houses, or refinance their homes. Credit is what our economy is based on. If the banks aren't giving credit to buyers because they want to keep their reserves so they don't end up closing their doors, how is our economy ever going to straighten out. THROW THE REPUBLICANS OUT OF OFFICE. I've been a republican all my adult life and am thoroughly ashamed to say that now!


    September 29, 2008 03:13 pm at 3:13 pm |
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