Posted by
James Burns on Monday, September 29, 2008 2:20:00 PM
The House of Representatives has failed to pass the Bailout To No Where plan. In a vote of 228 nay and 205 yea, the house knocked it down. The Dow drops 500 points as vote is announced. Finally Washington does it right. House Republicans not bowing to the pressure of democrats killed the bailout bill.
Rep. Barney Frank(D, Ma) has already said it is the republicans fault, but in reality close to 100 democrats voted no as well. So even with a democratic majority it could not pass. Basically no one party can take blame for not passing a bad bill. If anything with a majority of Americans having passed their disapproval for this bill to their congressmen and women, our voices have been heard and did the will of the people. Let's see what happens next.