Bailout Falters Over Hurt Feelings

September 30, 2008 | Economy

pelosi1Republicans are claiming the bailout plan (the Emergency Economic Stabilization Act of 2008) failed to pass due to the “partisan comments” made by the Speaker of the House, Nancy Pelosi, just prior to the vote. Someone needs to jump on the “straight talk express” and tell the truth. The vote failed for a number of reasons, one being that a number of Republicans in the House recognized that their approval of the bailout would be detrimental to their reelection back in their home districts.

Stating the obvious would be unheard of, so the party has decided to stick to the plan of blaming Pelosi for the inability of the two sides to come together and support the administration’s bailout program. Pelosi took advantage of her time on the floor and gave a speech that is typical of all that have held the gavel before her.

Funny, I’ve never heard anyone blame the Speaker for “hurting their feelings” before, and further, blame the lack of passage of an Act on said hurt feelings. Sounds like someone needs a boo-boo pack. I hope you’ll include that note on your reelection campaign flyer, “Voted ‘No’ for the 2008 Emergency Economic Stabilization Act because Pelosi hurt my feelings.”

They’ll try again on Thursday, October 2, 2008.

Transcript of Pelosi speech

What do you think? Was Pelosi wrong to have voiced her opinion? Are the Republicans grasping at straws to avoid facing their leader? What was so bad about the speech?

Photo credit: speaker.house.gov

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