Melanie Morgan

 It's DEAD!

House Speaker Nancy Pelosi could not even round-up her majority in Congress to vote for the trillion dollar bail-out.

But the Democrats say they'll try again.

What are the right-bloggers saying? Mixed bag, at least right now.

The pain is coming whether this bill passes or not, and the bulk of evidence is that the Paulson plan will make things worse.  At least now there's a chance to pass a positive bill that addresses the crisis, includes reform, and doesn't punish taxpayers.
 

On Mon, Sep 29, 2008 at 3:19 PM, Mike Krempasky

Good luck with that, Josh. They're out there blaming a mean speech by the Speaker for losing the last few votes. They're cooked.

{Ed. Republicans are really pissed off at Pelosi, and they are whining about it on TV.}

On Mon, Sep 29, 2008 at 3:17 PM, Joshua Trevino wrote:

Disaster? Nah.

Politically, the Republican party is acting principled on a spending matter, which was a too-rare thing in 2001-2007.
Economically, the notion that a bailout is the only thing between us and a crushing depression is, to be charitable, suspect.

Of course Wall Street is going to react negatively after being denied $700 billion of other people's money, but that's not an indictment of a failure to pass.