Republicans Break the Bank
The House of Representatives narrowly defeated the 700 Million dollar Bailout Proposal submitted by the President and The Secretary of The Treasury and modified by the Congress. Pressure from the American People prevented this Bill from passing. Luckily it is an election year and the Congress fears for their seats. If this had not been an election year, this Bill most likely would have sailed through without a thought about what the American People think. Senator McCain quickly grabbed a hold of the Bailout as a Political trick to enhance his failing Campaign. Although it is obvious to most of the American Public that McCain was politicizing the effort he continually tried to project that upon Senator Obama. Mr. McCain went so far as to blame the defeat on Senator Obama while House Republicans blamed the defeat on a speech by Speaker Pelosi before the vote. In the speech Ms, Pelosi laid out the facts, the Bush Administration took power with a record surplus that was projected to grow e...