Economic bailout plan fails to pass the House

http://money.cnn.com/2008/09/29/news/economy/bailout/index.htm?cnn=yes

Republican leaders who had pushed their reluctant members for the bill blamed Speaker Nancy Pelosi, D-Calif., saying that her speech during the floor debate drove away about a dozen Republicans they thought they could get to support the measure.

“I do believe we could have gotten there today if it had not been for this partisan speech the speaker gave on the floor of the House,” said Boehner.

Speaking to reporters, Pelosi said that both Democratic and Republican leaders had pledged to get more than half their members to support the package and that only the Democrats had lived up to that promise. She said the lines of communication with administration and Republican House leadership to try to pass the measure.

http://www.freep.com/apps/pbcs.dll/article?AID=/20080929/BUSINESS07/80929027

Livonia [Michigan] Republican Thad McCotter, call[ed] the bailout “a socialist solution — one that, by threatening hardworking Americans’ prosperity, unconscionably ransoms hardworking Americans’ money and reduces their liberty.”

http://www.foxnews.com/story/0,2933,430021,00.html

“This is not a partisan crisis, this is an economic crisis,” said Deputy Minority Whip Rep. Eric Cantor, who said that 94 Democrats also refused to go along with the bill. He described the vote as the result of “Speaker Pelosi’s failure to listen and failure to lead.”

House Republican Conference Chairman, Rep. Adam Putnam of Florida, said “he was disappointed that the process that yielded a bipartisan approach took a very marked, partisan tone at the end of the debate.”

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