September 29th, 2008
02:55 PM ET
6 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. Joe

    Republicans are SINKING THIS COUNTRY!

    September 29, 2008 03:15 pm at 3:15 pm |
  2. scott

    We are really about to see some trickle down economics!

    September 29, 2008 03:15 pm at 3:15 pm |
  3. sandee in Portland

    AS AN ADDED NOTE, LET'S GET RID OF ALL INCUMBENTS! THEY'VE BEEN IN POLITICS SO LONG THEY'VE FORGOTTEN WHAT IT'S LIKE TO TRY TO LIVE ON A DAILY BASIS WITHOUT MILLIONS IN THEIR POCKETS. THERE SHOULD BE A TERM LIMIT ON THE HOUSE AND THE SENATE JUST LIKE THERE IS FOR THE PRESIDENCY!

    September 29, 2008 03:16 pm at 3:16 pm |
  4. Pat

    As a Canadian, I truly feel for all Americans and my prayers are with you as your Government leaves you hanging on the brink of a National Disaster!
    What in the Name of God is going on with the Republican Party! And they are not going to vote again???? After spending all this time, after Bush telling the Public how pleased he was with the work Dems and Republicans did for the Bail Out! Are they all insane? Or was this just another Republican Campaign Ploy? Some of the party's members oiling the wheels of the McCain Campaign? The only reason I can muster! This is outrageous! God Help America!

    September 29, 2008 03:16 pm at 3:16 pm |
  5. John Starnes Tampa Florida

    If history is any guide, the Republicans will vote ONLY for a proposal that gives further tax breaks and "incentives" to the ultra-wealthy as they cling to the lie of "trickle down economics" begun by the man who triggered the decline of America....Ronald Reagan. Time for trickle UP economics unless you want a full scale tax revolt on your hands, or millions of us in the streets with work stoppages since MONEY and power is all you care about! Would 50 million of us NOT filing our tax returns get your attention?

    September 29, 2008 03:16 pm at 3:16 pm |
  6. Sammy

    Lets see... Bush tried to get a draconian plan through in 2 days. Now there is a compromise bill. The original was far riskier and had no controls on anything. And yet... this time the democrats are the ones ramming the bill down people's throats? Those that think so need to go back to the beginning and see what Bush tried to ram down the throat of both parties.

    In the end we are all going to pay for this one way or another. Things are not going to magically fix themselves far far away while the rest of us dont worry about it.

    September 29, 2008 03:16 pm at 3:16 pm |
  7. Frank

    Bush & McCain cannot even lobby their own party.

    What a joke.

    Guess McCain will use this as an excuse to keep Palin from debating this week.

    September 29, 2008 03:16 pm at 3:16 pm |
  8. Reality check

    FORTY PERCENT OF DEMOCRATS VOTED AGAINST THIS BILL. TWO-THIRDS OF THE REPUBLICANS VOTED AGAINST THIS BILL.

    YOU BOTS NEED TO GET YOUR FACTS STRAIGHT. THIS IS A PROBLEM WITH OUR GOVERNMENT AS A WHOLE.

    IT'S TIME TO HOLD BOTH DEMOCRAT AND REPUBLICANS RESPONSIBLE.

    IT'S TIME TO HOLD BANKS RESPONSIBLE FOR PREDATORY LENDING.

    September 29, 2008 03:16 pm at 3:16 pm |
  9. the dude

    Why would a Republican change his vote based on what Nancy Pelosi says...come on. This was a REPUBLICAN bill–President Bush and his team proposed it. Regardless of who voted for it or did not–Keep in mind that the REPUBLICAN candidate was just flying in last week to save it...looks like he and Bush are out of touch with their own party.

    September 29, 2008 03:16 pm at 3:16 pm |
  10. David, Gaston SC

    its funny how mccain try to blame obama for the failure of the gop not voting for the bill. that is mccains party that didnt vote for it not the dem.

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

    Bush's legacy: stop blaming the Republicans or the Democrats – they were all put in a terrible situation. They lose whether they vote for it or against it.

    This is a failure of the Bush Administration – the blame lies directly on George Bush's shoulders. He has led this country into dissaray. His administration, his cronies, all of them can take the blame for where we are today.

    September 29, 2008 03:17 pm at 3:17 pm |
  12. Nik

    How can a speech from Pelosi make the republicanse vote against the bill? It's like saying I know Obama's economic policy will benefit me since I make only 25K a year and I don't have health coverage, but I will not vote for a black guy.

    September 29, 2008 03:17 pm at 3:17 pm |
  13. Judy

    McCain didn't have his name mention to save the day. So now McCain is not true to Country First.

    September 29, 2008 03:17 pm at 3:17 pm |
  14. Cyrus K.

    Stop this nonsense. Both Dems and Repubs are equally responsible for this!

    I think I am going to convert my life-savings into Yuan and move to Beijing.

    September 29, 2008 03:17 pm at 3:17 pm |
  15. Neil

    "Does anybody really know what time it is
    Does anybody really care
    If so I can't imagine why
    We've all got time enough to cry"

    Artist Name: Chicago
    Album: The Best of Chicago
    Songwriter(s): Robert Willia, Lamm
    Release Date: January 1, 1989

    September 29, 2008 03:18 pm at 3:18 pm |
  16. Jimmy

    Dear JULIE CLARK -

    Who introduced this mindless bill? Last time I checked, GEORGE W. BUSH IS A REPUBLICAN.

    September 29, 2008 03:18 pm at 3:18 pm |
  17. Mike

    I love how some of you are trying to say Obama needs to be elected to fix this mess. Seriously, how do you live with yourself. Obama nor McCain know how to fix this, just stop saying that as it's an insult to your intelligence. Obama hasn't fixed anything in his life and he is going to save us from this mess???

    Pelosi is a complete Joke. She is a disgrace to Democrats. America voted for change in 2006 and congress has much lower approval ratings than Bush and she is the face on a failed party. They haven't done anything and then she makes a HUGE mistake today especially when a ton of democrats made millions through Fannie and Freddie. That killed the bill right there.

    September 29, 2008 03:18 pm at 3:18 pm |
  18. eds

    Maybe they should hold the greedy CEO's and CFO's personally resopnsible for the failures. Might smarten them up if the results of their follies hurt THEIR wallets and not just ours.

    September 29, 2008 03:18 pm at 3:18 pm |
  19. James Hoffman

    I think the bail out should be for the people that are loosing, about to loose their home to foreclosure. Those that lost their homes already, where possible should be brought up to current and put back into their homes.

    The historic formula of 25 percent for housing should be forced across the board on all loans for a primary residence financed within the past three years.

    I believe the lending institutions should take a hit on their over zealous loan qualification process that began this mess. The real bailout would be the difference between the current loan amount and new loan amount. The institutions would be borrowing that amount from the government with the expectation that it would be repaid. The government would retain an ownership interest until the loan was repaid.

    September 29, 2008 03:18 pm at 3:18 pm |
  20. Independent for McCain

    This is awesome! I'm glad the Republicans stuck to their guns. How about the Dems start blaming someone else? Like maybe blaming the banks and the frivolous loans they were handing out.

    McCain is the only one who showed true leadership during this crisis. That's why I'm voting for McCain!

    September 29, 2008 03:18 pm at 3:18 pm |
  21. Jerry Ohio

    The republicans got our country in this mess and they want to blame demoncratic we really going to see in November when Obama take office...It sad how the republican dont want to get nothing thing because they jealous of Obama and the demoncratic party because they are united then ever....Let kick the republican out the office
    vote for demoncratic party

    Obama/Biden 08/12

    September 29, 2008 03:18 pm at 3:18 pm |
  22. Bob Indianapolis IN

    We are paying the price of years of Republican deregulation. Without any oversight the wages of greed is the death of the free market.

    September 29, 2008 03:18 pm at 3:18 pm |
  23. wow

    Democrats have destroyed the country.
    Republicans have destroyed the country.

    Voting for either? yeah, right...let's have more of the same. We're doing so well now.

    September 29, 2008 03:18 pm at 3:18 pm |
  24. Evan

    Joe I agree with you, this country is sinking. We are the Titanic!

    Once again, thanks Republican's and thanks people who support them for leaving this crisis now in my generations hands. I'm 24 and we have to deal with this for years to come. But hey, they didn't take your money! Lets all cheer for that! Even if Obama gets elected I don't think he can save this situation because of the ignortant Republicans out there.

    September 29, 2008 03:18 pm at 3:18 pm |
  25. Maritza

    Good theier making sure there's no pork from the DEms on the bill, you can bet the Republicans are making sure we don't have any waste and more accountability on this bill better to be safe than sorry, Pelosi instead of sounding professional sounds like a power tripper accusing anyone from the right for what could be a well thought out bill that REALLY conciders the Tax payors.

    Maritza

    September 29, 2008 03:18 pm at 3:18 pm |
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