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Making the Rounds

Pelosi's Pre-Vote Remarks Lead to GOP Finger-Pointing

By Garance Franke-Ruta
House Republicans are pointing to remarks made by House Speaker Nancy Pelosi (D-Calif.) shortly after noon today to explain why so many Republicans voted against the financial sector bailout bill. Those remarks, in which Pelosi blasts Bush administration economic policies for leading America into the present crisis, can viewed above.

A majority of Democrats backed the bill, while the majority of House GOP members voted against it. After the bill failed to pass the House, the Dow Jones industrial average dropped more than 700 points.

Posted at 4:40 PM ET on Sep 29, 2008  | Category:  Making the Rounds
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Not politic. Unless she actually wanted to lose the vote, she couldn't have done worse. It may not be the reason the Republicans couldn't turn out the vote, but she certainly presented them a scapegoat.

Bob Clawson
Voting Democratic

Posted by: rjclawson | September 30, 2008 10:00 PM

Nancy Pelosi is not new at this. She should have saved her gloating until after the vote count. She felt she had the Republicans on the ropes so she just couldn't resist but don't forget you Obamanuts 95 Dems voted against this plan too. You should remember their names too and remember who couldn't get their vote as well. Madame Speaker Queen Pelosi.

Posted by: flcraker | September 30, 2008 1:48 PM

lost 2k yesterday in my retirement and god knows how much in my daughters college savings plan while McCain plays footsie with politics.

Posted by: JRM2 | September 30, 2008 1:13 PM
?????????????

JRM2-

Thank your Democrat Legislators for resisting additional regulations on Fannie and Freddie- see McCain ad on Redstate.com AND soon on your tv screen- But don't believe me...see ABC news for Bill Clinton's appearance on GM America last week.


Chris Cuomo, ABC News: "A little surprising for you to hear the Democrats saying, 'This came out of nowhere, this is all about the Republicans. We had nothing to do with this.' Nancy Pelosi saying it. She signed the '99 Gramm Bill. She knew what was going on with the SEC. They're all sophisticated people. Is that playing politics in this situation
President Clinton: "Well, maybe everybody does that a little bit. I think the responsibility the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac."

http://www.politico.com/playbook/


Posted by: thecannula | September 30, 2008 1:37 PM

Whaa, Whaa, Whaa!!! Pelosi was right. If you're a member of a Party based on an anti-government regulation ideology and the economic disaster is caused by the removal of regulations then.....whaa, whaa, whaa! They should be crying.

Throw all Republicans and Bush supporters out of office.

Posted by: thebobbob | September 30, 2008 10:45 AM

DrainYou:

I assume it was just an innocent oversight that you missed this one:

"These [mortgage-backed] securities are riskless debt."
- Franklin Raines, Obama advisor and supporter, speaking to a Congressional committee in 2004 on a question of the out-of-whack debt-to-asset ratio of Fannie Mae

Posted by: dbw1 | September 30, 2008 9:34 AM

For those who keep blindly denying any bias in our press.....do you wonder, why there are so many articles this morning implying the failure to pass the bill yesterday was all the fault of a handful of Republicans?

Unlike most Democrats, I can actually do math....and they didn't need one single vote from a Republican to pass the bail-out bill. Not one.

With that many Democrats fleeing from this bill, why is the press so fixated on blaming a dozen Republicans? The fault of this bills failure is obvious: DEMOCRAT leadership.

Nancy Pelosi is an absolute failure. You can't deny it. Pelosi, by far, has been the worst Speaker of the House in recent times. She has no leadership, she has no ideas to help citizens, she has ZERO ability to bring concensus around an important issue....or ANY issue, for that matter. All she has to offer are criticisms of Bush and political 'blame'-manship.

If Democrats want to show they are the party to trust, they should show Pelosi and Barney Frank the door. They are the epitome of failed leadership, on a magnificent scale.

Posted by: dbw1 | September 30, 2008 9:22 AM

So the manly men of the GOP receive a spanking from Barney Frank, hot on the heels of having their tender feelings hurt by someone named Nancy. Finally we see these faux bullies for what they are.

Posted by: BillFromPA | September 30, 2008 8:54 AM

I now believe that Obama desired the bailout bill to fail.
His two closest friends in Congress are Represenative Jesse Jackson Jr. and Represenative Bobby Rush, both of Chicago.
They both voted no.
If Obama wanted the bill to pass he would of contacted them and asked them to vote yes.

Posted by: mwhoke | September 30, 2008 8:28 AM

It's the end of the GOP as we know it...and I feel fine.

.
"Our economy is structurally sound for the long term"
-George W Bush - Feb 11, 2008


"The American people can remain confident in the soundness and the resilience of our financial system"
-Henry Paulson - Sept 15, 2008


"The fundamentals of our economy are strong"
-John McCain - Sept 15, 2008


"The economy is fundamentally sound"
-Herbert Hoover - October, 1931

Posted by: DrainYou | September 30, 2008 3:02 AM

It's the end of the GOP as we know it...and I feel fine.

.
"Our economy is structurally sound for the long term"
-George W Bush - Feb 11, 2008


"The American people can remain confident in the soundness and the resilience of our financial system"
-Henry Paulson - Sept 15, 2008


"The fundamentals of our economy are strong"
-John McCain - Sept 15, 2008


"The economy is fundamentally sound"
-Herbert Hoover - October, 1931

Posted by: DrainYou | September 30, 2008 2:59 AM

THE TRUTH TRULY DOES HURT......
and maturity is measured in the response after the hearing. Speaker Pelosi did the correct and need and responsibloe thing. She laid the blame where it belonged. With the pigs in the mud, with the dung, and the filth. Right where the ELITIST AND LYING PIG John 90%w/Bush McCain lays his head to rest and take comfort. The Rebushagains responded in truth...IMMATURITY. UNWILLING to buck up and take responsibility for w/ this administration the almost total ruining of a country with tax breaks for the wealthiest 1%.

THE BLAME GAME .....FROM "Fact Of The Matter"
http://www.need4trth.blogspot.com

As Nancy Pelosi laid the blame squarely where it belonged. The FAR RIGHT FRINGE OF THE rebushagain party put anger at being called on what their irresponsibility accomplished, and angrily put selfish pride ahead of Country today and rebelled against a bill that we actually needed passed.

I have no doubt that this bill will be passed but we the people will not forget who was responsible for the financial mess at the polls. Our voices will be heard loud and clear far and wide state after state after state. The Rebushagain party will feel the nation reject their politics of steal from the poor and give too the rich DEEPLY

need4trth

Posted by: need4trth | September 30, 2008 1:53 AM

THE TRUTH TRULY DOES HURT......
and maturity is measured in the response after the hearing. Speaker Pelosi did the correct and need and responsibloe thing. She laid the blame where it belonged. With the pigs in the mud, with the dung, and the filth. Right where the ELITIST AND LYING PIG John 90%w/Bush McCain lays his head to rest and take comfort. The Rebushagains responded in truth...IMMATURITY. UNWILLING to buck up and take responsibility for w/ this administration the almost total ruining of a country with tax breaks for the wealthiest 1%.

THE BLAME GAME .....FROM "Fact Of The Matter"
http://www.need4trth.blogspot.com

As Nancy Pelosi laid the blame squarely where it belonged. The FAR RIGHT FRINGE OF THE rebushagain party put anger at being called on what their irresponsibilityaccomplished, and angrily put selfish pride ahead of Country today and rebelled against a bill that we actually needed passed.

I have no doubt that this bill will be passed but we the people will not forget who was responsible for the financial mess at the polls. Our voices will be heard loud and clear far and wide state after state after state. The Rebushagain party will feel the nation reject their politics of steal from the poor and give too the rich DEEPLY

Posted by: need4trth | September 30, 2008 1:52 AM

Today millions of Americans lost millions of dollars of value in their stock and mutual fund accounts because of petty partisan game playing.

Congress must stop using Americans as their pawns. Likewise, it's time Americans held Congress accountable for putting their self-interest before their duty to their constituents. Accountability is as simple as pulling the lever in the voting booth for the other candidate.

Posted by: jandcgall1 | September 30, 2008 12:11 AM

Did anyone think that Pelosi would have said anything other than what she did? What she said--which is TRUE to a degree--was NOT the reason that the bill lost on the House floor. The election is 36 days away, and many a Republican and Democrat (40% of Dems voted NO) are thinking about their re-election to office. Some obeyed their constituents (maybe for the first time), and some might have made the educated quess that if they did vote for this they might just receive a voter backlash, being tone deaf to those they purport to serve.

As soon as the government bailed out AIG, here comes Wall Street and Treasury Secretary Paulson asking for $700 Billion. Hey, if the Republicans finally voted against Corporate Welfare, it ought to be a happy day. But if you ask for that type of money, and only give a Three Page Proposal, you deserve what you get.

Now, about that 5 TRILLION DOLLARS of debt that the US has accumulated so far under Bush's watch...

Posted by: jrev7620042000 | September 30, 2008 12:10 AM

Prime Minister Pelosi just received a vote of no confidence. She can blame the Republicans all she wants but it was her own party members that led to the bill's failure. So this parliamentary government should step down and elections take place. Oh wait, that will happen in a few weeks.

On Thursday, she and her cohorts did a grandstand to trump McCain as he was flying into Washington. It failed. And she did it again today. And then they want to complain about presidential politics getting in the way. All in the name of Prince Obama to put him on the throne.

But the Prime Minister is not alone. The Minister of Finance Poulson has to take blame for creating this man-made crisis. Maybe Wall Street should crash. Suddenly businesses have less value because of chaos Inside of the Beltway? Why did the Minister of Finance and King George create this artificial deadline? If this gets settled today or next week, is it going to make that big of a difference? Is there any logical reason for the DOW to fall 700 points? Wall Street no longer evaluates businesses for what they are really worth. It is all fiction.

Posted by: Verrazzano | September 29, 2008 11:20 PM

Considering the FACT that it was Bill Clinton, in 1998/9, who set up the GARBAGE with Wall Street Banks that the current Wall Street Fed Chairman Timothy Geithner, aided in when he was then a White House Staffer, and is NOW an Architect of the Treasury Rape Plan-Oops, I meant "Bail-Out"-Really! ;~)

I'd say;

All I have to say-or, in this case ask,

Of Ninny Peloser, the WORST Speaker EVER!;

Is;

Where?

I mean WHERE T.F!, is HR 1940? The Birthright Citizenship Act-Designed to STOP THE TWICE CURSED ANCHOR BABY B.S.!?

B!TCH?

Posted by: SAINT---The | September 29, 2008 11:13 PM

Pelosi shouldn't have pointing finger at Republicans.

Home buyers were certainly responsible for this mess. Friends of the Democratic party in Fannie Mae and Freddie Mac were certainly responsible for this mess. California under Democratic leadership were certainly responsible for this mess.

And guess what? This mess has nothing to do with the deficit. There is not one but two war fighting effort going on.

Party on Pelosi, you just set the teachers and their unions pension back ten of billions of dollars.

Posted by: peteonline | September 29, 2008 10:11 PM

For any still in question about who was trying to reform F&F PLEASE watch. Then post. This was from a House meeting in 2004.

http://www.youtube.com/watch?v=_MGT_cSi7Rs&feature=related

concerned in CO.

Posted by: Bobo4bush | September 29, 2008 9:01 PM

I am not sure why they would be upset. She is speaking to an empty chamber!

Posted by: robertpoyourow | September 29, 2008 8:55 PM

the dems could of passed the first bill without the rep but to save face and to make sure they could shift the blame they needed rep to sign on. the first bill had a hundred million in dem pork so do they really care about main sreet or the jobs of wall street who all make 160'000 a year and just happen to be obamas bigest supporters barny harry nancy and chuck know there will be no more gravy train if that happens.

Posted by: getsix1 | September 29, 2008 8:40 PM

No, Dwight, John Boehner can't lead. Nancy Pelosi's job is to get the House Democrats on board. She did that. John Boehner said he had the House Republicans on board. He didn't. That's why the bill failed.

"Blame everyone but ourselves" is not a strategy to help get the country out of this mess.

Posted by: ManUnitdFan | September 29, 2008 8:37 PM

Someone on the Republican side needs to pull McCain aside and tell him to quit playing freaking politics with this bailout.

Our economy is on the verge of collapse and McCain, who is an economic know-nothing, is only making things worse.

Posted by: DrainYou | September 29, 2008 8:22 PM

getsix1

And then 8 years went by...

6 of those years there was a Republican majority in the Senate

6 of those years there was a Republican majority in the House

8 of those years, there's been a Republican in the White House.

AND YOU WERE ALL POWERLESS TO STOP THE CLINTON MOJO! YOU ARE ALL UNDER OUR POWER!

BWAHH HAH HAH HAH HAH!

Posted by: JohnQuimby | September 29, 2008 8:19 PM

she is a joke a bad one at that her party is the cause of this during the clinton years the rep warned of this day and wanted to stop it but the liberal dems wanted no part barney said fanny and freddy did not need regulations and who was the one dem barney franks

Posted by: getsix1 | September 29, 2008 8:16 PM

This is from the New York Times: “Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.” I would like to hear when the spin meister of the Democratic Party, President Clinton will finally take a blame for something that he has done (or rather has not prevented). Just like with inaction in this case, the inaction against terrorist attacks under his watch resulted in 9/11. By the way, Speaker Pelosi should be booted out of Congress by the members of her own Party. She could not keep her mouth shut even for 15 minutes blaming President Bush and Republicans for everything what has happened; all this after working with them for several days on this deal. This woman is the most stupid politician I have ever seen. It is time to get back to basics.

Posted by: Wiel | September 29, 2008 8:16 PM

blert,

So if it was so terrible and reprehensible, why didn't the republican controlled congress with a republican president for six years modify or repeal the act? Seems to me they had ample opportunity to do so.

Gee, do you think maybe it was because they didn't see the need for doing so? Maybe greed overrode responsibility?

I don't happen to agree the CRA passage was the cause regardless. There have been a combination of factors which lead to this and a simplistic answer is pure BS. Well except possibly pure, unadulterated greed. No one was complaining while housing prices were going up, but a basic tenant of economics is supply and demand and a junior in college taking economics 101 could see it wasn't going to last. People just didn't care to look at the down side as long as prices kept rising.

Posted by: wes1155 | September 29, 2008 8:16 PM

This is from the New York Times: “Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.” I would like to hear when the spin meister of the Democratic Party, President Clinton will finally take a blame for something that he has done (or rather has not prevented). Just like with inaction in this case, the inaction against terrorist attacks under his watch resulted in 9/11. By the way, Speaker Pelosi should be booted out of Congress by the members of her own Party. She could not keep her mouth shut even for 15 minutes blaming President Bush and Republicans for everything what has happened; all this after working with them for several days on this deal. This woman is the most stupid politician I have ever seen. It is time to get back to basics.

Posted by: Wiel | September 29, 2008 8:16 PM

she is a joke a bad one at that her party is the cause of this during the clinton years the rep warned of this day and wanted to stop it but the liberal dems wanted no part barney said fanny and freddy did not need regulations nothing was done by a dem controlled congress and now here it is and its the same ones who caused it now want 700 billion so they can save face

Posted by: getsix1 | September 29, 2008 8:15 PM

blert,

So if it was so terrible and reprehensible, why didn't the republican controlled congress with a republican president for six years modify or repeal the act? Seems to me they had ample opportunity to do so.

Gee, do you think maybe it was because they didn't see the need for doing so? Maybe greed overrode responsibility?

I don't happen to agree the CRA passage was the cause regardless. There have been a combination of factors which lead to this and a simplistic answer is pure BS. Well except possibly pure, unadulterated greed. No one was complaining while housing prices were going up, but a basic tenant of economics is supply and demand and a junior in college taking economics 101 could see it wasn't going to last. People just didn't care to look at the down side as long as prices kept rising.

Posted by: wes1155 | September 29, 2008 8:15 PM

This is from the New York Times: “Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.” I would like to hear when the spin meister of the Democratic Party, President Clinton will finally take a blame for something that he has done (or rather has not prevented). Just like with inaction in this case, the inaction against terrorist attacks under his watch resulted in 9/11. By the way, Speaker Pelosi should be booted out of Congress by the members of her own Party. She could not keep her mouth shut even for 15 minutes blaming President Bush and Republicans for everything what has happened; all this after working with them for several days on this deal. This woman is the most stupid politician I have ever seen. It is time to get back to basics.

Posted by: Wiel | September 29, 2008 8:14 PM

she is a joke a bad one at that her party is the cause of this during the clinton years the rep warned of this day and wanted to stop it but the liberal dems wanted no part barney said fanny and freddy did not need regulations nothing was done by a dem controlled congress and now here it is and its the same ones who caused it now want 700 billion so they can save face

Posted by: getsix1 | September 29, 2008 8:02 PM

Pelosi spoke the truth. Republican extreme anti-regulatory ideology is to blame for the lack of oversight of the financial markets. If they would just put down the kool-aid and, for once, do something for the good of the country and not just for their own partisan right-wingnut 'principles', we'd all be in better shape. The majority of D's voted for it, the majority of R's voted against it. Who's to blame here?

Posted by: thebobbob | September 29, 2008 7:43 PM

Lovely, so the blame goes to Bush, Bush, Bush???

Never mind that Bill Clinton pushed through the Community Reinvestment Act in the late-1990s, which (guess what?) reduced the loan requirements on home loans and pressured lenders to offer easy loans to low-income individuals or else risk receiving poor ratings. Washington Mutual's CRA commitment ratings before going belly-up? Almost perfect.

The CRA bill effectively pressured lenders to make bad loans, and then the Wall Street vultures found ways to package these lousy loans as attractive investments, all while the new Bush administration looked the other way and the Fed encouraged the housing bubble with low interest rates. Clinton and Congress lit the fire; investors, consumers, and the Fed fueled it, and then Bush and the Fed failed to put it out.

Let's share the blame around a little, OK, Pelosi?

As a Congressional leader, Pelosi has just proven herself an idiot. Personally, I'm glad that this lousy bill failed, but if Pelosi had really wanted it to pass, she wouldn't have stepped on the floor to make an incendiary, partisan speech so soon before a vote that was going to require a large number of Republicans to make it pass. Pelosi made a speech that would have been appropriate in a House Democratic caucus meeting, but not on the open floor. That Pelosi is so inept not to know the difference is frightening.

Posted by: blert | September 29, 2008 7:43 PM

Does the GOP really take hurt feelings that far? To crash the markets and to put the country on the brink of economic disaster?

http://www.political-buzz.com/

Posted by: parkerfl1 | September 29, 2008 7:32 PM

Pelosi derails house vote on emergency economic package to stimulate support for Obama. In a scathing partisan speech on the floor of the House of Representatives Nancy Pelosi laid the blame of the entire economic problems at the feet of President Bush and the Republican Party. All the while, Republican leaders urged all members to refrain from partisan rhetoric for the good of the country. Obama, not committing to the package called a few Democrat’s allegedly to urge them to support the “bailout” package. Reviewing the actions of the day, many conclude that Obama did not want the bill to pass because increased fear is pushing polls in favor of Obama. Pelosi, who until her speech, urged bipartisan support while at the same time calling Republicans unpatriotic. Failure of the bill sends ripples of failure throughout the world’s markets.

News reports indicate that other world markets have dropped 10% in value before opening at the news of the failure. This would represent the greatest loss in history. In the U.S. the DOW dropped 777 points, the single largest point drop in history. Sen. John McCain called for calm and encouraged congress to work together for the good of America. Obama remains by the phone in case he is needed, while gleeful that he is one step closer to becoming president. The burning question of the day is will you vote for a person who roles up his sleeves and tries to solve the problem (John McCain) or someone (Obama) waiting for a 3:00 A.M. phone call to solve the financial crisis.

Posted by: Drjack0040 | September 29, 2008 7:29 PM

While GOP destroys our nation, our military, economy, our healthcare, education systems and environment, they do not want anyone to hold them accountable. They do not want anyone to tell them how inept and corrupt they have been over the last 8 years in the whitehouse and 6 years in the congress. They want to continue to deceive and loe to the American people.

Perhaps Pelosi is finally finding her missing balls to boldly say what everybody has been clamoring for. I wish she can go one step further and threaten the bush regime of gulag of impeachment, even if she will not go through with it.

Posted by: dressypink | September 29, 2008 7:26 PM

I know this is a complicated issue that i won't presume i fully understand, but it is amazing that the GOP admit the only reason they voted against was pelosi's comments.
I can understand if they had problems with the bill etc. How can we allow a party to decide our future based on their feelings getting hurt.
This is disgusting, and they openly admitted to this in a press conference.

Posted by: myshkin189 | September 29, 2008 7:23 PM

Pelosi derails house vote on emergency economic package to stimulate support for Obama. In a scathing partisan speech on the floor of the House of Representatives Nancy Pelosi laid the blame of the entire economic problems at the feet of President Bush and the Republican Party. All the while, Republican leaders urged all members to refrain from partisan rhetoric for the good of the country. Obama, not committing to the package called a few Democrat’s allegedly to urge them to support the “bailout” package. Reviewing the actions of the day, many conclude that Obama did not want the bill to pass because increased fear is pushing polls in favor of Obama. Pelosi, who until her speech, urged bipartisan support while at the same time calling Republicans unpatriotic. Failure of the bill sends ripples of failure throughout the world’s markets.

News reports indicate that other world markets have dropped 10% in value before opening at the news of the failure. This would represent the greatest loss in history. In the U.S. the DOW dropped 777 points, the single largest point drop in history. Sen. John McCain called for calm and encouraged congress to work together for the good of America. Obama remains by the phone in case he is needed, while gleeful that he is one step closer to becoming president. The burning question of the day is will you vote for a person who roles up his sleeves and tries to solve the problem (John McCain) or someone (Obama) waiting for a 3:00 A.M. phone call to solve the financial crisis.

Posted by: Drjack0040 | September 29, 2008 7:23 PM

Pelosi derails house vote on emergency economic package to stimulate support for Obama. In a scathing partisan speech on the floor of the House of Representatives Nancy Pelosi laid the blame of the entire economic problems at the feet of President Bush and the Republican Party. All the while, Republican leaders urged all members to refrain from partisan rhetoric for the good of the country. Obama, not committing to the package called a few Democrat’s allegedly to urge them to support the “bailout” package. Reviewing the actions of the day, many conclude that Obama did not want the bill to pass because increased fear is pushing polls in favor of Obama. Pelosi, who until her speech, urged bipartisan support while at the same time calling Republicans unpatriotic. Failure of the bill sends ripples of failure throughout the world’s markets.

News reports indicate that other world markets have dropped 10% in value before opening at the news of the failure. This would represent the greatest loss in history. In the U.S. the DOW dropped 777 points, the single largest point drop in history. Sen. John McCain called for calm and encouraged congress to work together for the good of America. Obama remains by the phone in case he is needed, while gleeful that he is one step closer to becoming president. The burning question of the day is will you vote for a person who roles up his sleeves and tries to solve the problem (John McCain) or someone (Obama) waiting for a 3:00 A.M. phone call to solve the financial crisis.

Posted by: Drjack0040 | September 29, 2008 7:17 PM

Nancy got her crew in line; what happened to the repukes??? No boss, Boehner?? No leader,Bush?? We're backing up our end, now show what you guy's got! Don't blame us for 99% of YOUR mess.
STEP UP or SHUT UP!Where's you 1/2 of the team effort?

Posted by: medleys | September 29, 2008 6:13 PM

"If Republicans get so upset over "partisan" comments that they vote against a bill that's needed to rescue our entire economy, they don't deserve to be in office.
Posted by: ManUnitdFan | September 29, 2008 4:47 PM | Report abuse"

if pelosi can't lead in a crisis, she should resign...she can't blame Republicans since she failed to bring in all the dems for this bill...she didn't need the republicans and we now know she can't lead...

Posted by: DwightHCollins | September 29, 2008 5:46 PM

I thought McCain was going to take charge of this situation? Wasn't that what he said when he pretended to suspend his campaign last week?


McCain knows all about bailing out rich bankers and screwing over middle class and poor people, he's been doing it for years:
.
http://www.youtube.com/watch?v=HAzDEbVFcg8
.


McCain - Founding Member of the Keating Five:

McCain was one of the "Keating Five," congressmen investigated on ethics charges for strenuously helping convicted racketeer Charles Keating after he gave them large campaign contributions and vacation trips.
Charles Keating was convicted of racketeering and fraud in both state and federal court after his Lincoln Savings & Loan collapsed, costing the taxpayers $3.4 billion. His convictions were overturned on technicalities; for example, the federal conviction was overturned because jurors had heard about his state conviction, and his state charges because Judge Lance Ito (yes, that judge) screwed up jury instructions. Neither court cleared him, and he faces new trials in both courts.)

Though he was not convicted of anything, McCain intervened on behalf of Charles Keating after Keating gave McCain at least $112,00 in contributions. In the mid-1980s, McCain made at least 9 trips on Keating's airplanes, and 3 of those were to Keating's luxurious retreat in the Bahamas. McCain's wife and father-in-law also were the largest investors (at $350,000) in a Keating shopping center; the Phoenix New Times called it a "sweetheart deal."


Here's some straight-talk, my friends:
.
http://www.realchange.org/mccain.htm
.

Posted by: DrainYou | September 29, 2008 5:40 PM

How are Democrats being "partisan" voting *with* the Republican administration on an emergency package?

Whatever comments the speaker made, the issue remains: either the administration is correct, and the Republicans just voted against vital emergency legislation out of pique. Or the administration is wrong, and Republicans are looking for any excuse they can find to run away from it.

You'd think that if the administration were that wrong, though, Democrats would be the first to say so.

Posted by: nodebris | September 29, 2008 5:38 PM

I was for the bailout before I was against it.

Posted by: JRM2 | September 29, 2008 5:36 PM

The Republicans! Barnie Frank should be told by Obama to shut up until this gets settled. I am tired of these people.
http://www.bop-o-rama.com
NOBAMA

Posted by: acarponzo | September 29, 2008 5:28 PM

It is about time someone expressed outrage over what the Bush economic policies have brought us! I am so sorry that Nancy wanted to put some oversight powers on Paulson. I guess we just rubberstamp anything Bush sends up. Eight is enought!

Posted by: bradcpa | September 29, 2008 4:56 PM

More media bias?
There's got to be something wrong with this story.
There is no way in hell the GOP is stupid enough to claim its members did not vote for legislation they believed was in the best interest of the nation and their constituents because their feelings were hurt!
No way!

Posted by: zukermand | September 29, 2008 4:56 PM

More media bias?
There's got to be something wrong with this story.
There is no way in hell the GOP is stupid enough to claim its members did not vote for legislation they believed was in the best interest of the nation and their constituents because their feelings were hurt!
No way!

Posted by: zukermand | September 29, 2008 4:54 PM

If Republicans get so upset over "partisan" comments that they vote against a bill that's needed to rescue our entire economy, they don't deserve to be in office.

Posted by: ManUnitdFan | September 29, 2008 4:47 PM

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