ImprobabilityDrive
Loftwing
Thing is, Democrats rule the Congress and the House. Therefore, should not the bill have passed? Some Republicans voted for it to pass, but still, it failed! Wanna know why? A fair number of Democrats must voted No. Still, Republicans are blamed, causing Obama's popularity to grow.
For the sake of providing the actual facts on this vote:
"In all, 65 Republicans joined 140 Democrats in voting "yes," while 133 Republicans and 95 Democrats voted "no." "
http://news.yahoo.com/s/ap/20080929/ap_on_bi_ge/financial_meltdown
The funny thing is that Bush wanted this to pass, and the number of Republicans that voted against it demonstrates how pathetic a lame duck he has become.
On this issue however, I agree with the outcome. While I think some action needs to be taken, in my opinion the bill that was brought up should have been voted down. It was written too hastily, and contained far too many loopholes, and not enough oversight. The Bush administration, among others, have been whipping people into a frenzied panic over the issue, trying to convince people that immediate, drastic, action needs to be taken or everything everywhere will collapse, hoping being that Congress would be forced to sign the first bill on the subject they were given. There has already been enough of that behavior in the past eight years. This time, let's solve the problem by thinking about it in a calm and rational matter, and creating a bill that has had the appropriate time, energy, and most importantly, thought, put into it.