Wednesday, October 01, 2008

Blame Pelosi's Pals for the defeat of TARP bill

From WSJ:

Congressional leaders wondering why they couldn't muster the votes for the $700 billion financial-rescue plan could look to House Speaker Nancy Pelosi's home state for answers.

Nearly half of California's congressional delegation -- 24 of 53 members -- voted against the bailout plan backed by congressional leaders and President George W. Bush. "No" votes came from an unlikely mix of left-leaning Democrats and conservative Republicans. The Democrats, in particular, wanted more relief in the bill for mortgage borrowers. Republicans wanted the banks to get less taxpayer money.

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