Sometimes the whining from the GOP gets to an all-time idiotic level that makes most of the American public throw up their hands in disgust. This is one of those times.
The GOP could have taken this opportunity to claim they helped America by not passing this bill. 95 Democrats could have joined them in this cause. Democrats could have said the legislation did not contain enough regulation or enough punishment for Wall Street executives that got us into this mess. The GOP could have said their constituents were upset and did not want them to vote for it. This didn't happen.
Instead, the GOP blamed the Democrats for the bill not passing.
What? Did I hear that right? I did.
The GOP is blaming the Democrats for this bill not passing because of Speaker Nancy Pelosi giving a speech telling the TRUTH?
Partisan Politics Aside:
Now we've heard from both sides that they want partisan politics & presidential politics off the table when voting for this bill. Because of this stance by the American people, John McCain suffered his worst poll numbers in a long time after the debate. Now, because of the bailout not succeeding, it is fair to say that he can re-stable his white horse. This is the fault of the GOP, hands down.
Most GOP & Democrats have resisted this bill since it's inception, as they should have. The lack of oversight and regulation by the original Paulson legislation was horrific, irresponsible and downright wrong. The Democrats knew this and immediately pounced on it. Good for them and for the fiscal Conservatives in the GOP that did as well. Though they did it for different reasons, the end result was the same.
Working Together:
I hate the term "Bi Partisan" as it has been an oxymoron of stupendous proportions in the last 8 years (sorta like Military Intelligence). This wasn't about bipartisanship, it was about political posturing during an election year. This is why so many democrats said no to the bill. Nancy Pelosi did not want the democrats owning this bill, period. I don't blame her. She wanted 2/3 of Democrats and 2/3 of Republicans to vote for this bill. There is VERY GOOD reasoning for this. She wants the Democrats AND the Republicans to own this equally. The way it was setup was to show that not everyone agreed with it, but that it was agreed upon on both sides of the aisle.
The Republicans did not vote NO to this bill because their feelings got hurt. But, stupidly, they are saying they did! What a crock! They have now taken a giant foot and inserted it directly in their asses because of this. Their original plan did not work so now they are crying foul on the Democrats. I cry foul on the GOP!
The Plan & Political Posturing:
The original plan of the GOP was to get Democrats to vote for this bill and then have the Republicans not show up so that later they could say, "We have nothing to do with this bill that George W. Bush and the Democrats have signed on for." A clever tactic that Nancy Pelosi saw right through. Nancy Pelosi saw that the only way for this bill to not cost the election for either party was to have bi-partisan support as well as bi-partisan negativity. This would create a political environment that would not only allow the bill to pass, but would also make it so that neither Presidential candidate was affected.
It worked perfectly.
Pelosi did her job on the phone with this one. She knew exactly how many FOR and how many AGAINST we had on the Democratic side. She knew this and adjusted where necessary. She knew the possible plan of the GOP and made sure the numbers on the Democratic side were right. The Democrats would not own this bill alone, PERIOD.
The Speech:
The day of the vote was like any other vote day in Congress with something a little bit different. It seemed the Republicans and Democrats were actually on board with what was happening. There was no feeling of smugness permeating the hall of Congress. There was no stink of ill feelings towards one another. This was all smoke and mirrors.
The GOP had never planned on signing off on this bill, and all they needed was an excuse. Nancy Pelosi gave them one.
Nancy Pelosi got up to give a speech that was full of truth. She let Congress know exactly why we got into this mess and that we should never let it happen again. She attempted to shame congress into doing the right thing. Unfortunately, thinking she could shame a Republican into understanding the truth was a mistake.
The Republicans saw their excuse and used it. They still voted JUST enough to lure American into believing it was Pelosi's fault it didn't pass. Thanks to Barney Franks (who happens to be one of my favorite congressmen), it didn't work.
Thursday:
Not only are we having a historic debate on Thursday, but we may see another version of the bailout plan up for a vote. Watch for major political posturing and for the Democrats to cave in as usual. Watch for the Democrats balls to shrink, voices go squeaky and dicks go limp.
I hope I am wrong.