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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Debate Rages in House Prior to Vote

Some voices from the ongoing House debate on the $700 billion Wall Street bailout bill, as lawmakers plan to vote before 1 p.m. today:

- House Speaker Nancy Pelosi (D-Calif.): "The party is over.

How did [the current crisis] sneak up on us? Almost on little cat feet? Democrats like the free market. But the free market, as encouraged by some Republicans, has not created jobs, has not created capital; it has created chaos."

- Rep. Paul Ryan (R-Wisc.), Budget committee ranking member: "This is a Herbert Hoover moment: He made some big mistakes after the Great Depression and we lived with those consequences for decades. Let's not make the same mistake."

- Rep. Ginny Brown-Waite (R-Fla.): "This [bailout bill] is from the same people who brought us this mess, except this time we have a gun to our heads. This is extortion. A vote for this bailout is to ratify business-as-usual in Washington."

- Rep. John Campbell (R-Calif.): "To do nothing will cause unconscionable consequences for our country."

- Rep. Marcy Kaptur (D-Ohio): "I say we go back to the drawing board. We need the right deal, not a fast deal."

-- Frank Ahrens

By Frank Ahrens  |  September 29, 2008; 12:30 PM ET
Categories:  The Ticker  
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Comments

Governemnt isn't the solution to the problem. Government is the problem. Vote to get big gov'ment off our back!

Posted by: Orbiter Dictum | September 29, 1908 12:45 PM | Report abuse

It is time for 30 years of Republican sloganeering to come to an end. We need thoughtful people to run this country not mindless Republicans who say drivel like "get government off our backs" without a clue as to what that means. We need to get beyond that sort of BS and on to hard work that real life is all about.

Posted by: Dee El | September 29, 1908 1:21 PM | Report abuse

So which party anticipated this crisis from the first day of deregulation?

Dems? nope
Reps? nope

Nader? yup

Good thing he is being left out of the debate. The last thing Americans want to hear is the truth.

--------

Posted by: Southeasterner | September 29, 1908 1:41 PM | Report abuse

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