Quick Observations On Bailout Bill Failure

The House of Representatives has voted no on the Wall Street Bailout bill. Here are some quick observations I have on the subject.

I support this legislation.

1. If this nation ran on a parliamentary system, the government would collapse. 

2. While I am ideologue in many respects, this vote is being held hostage to ideologies of both the right and the left.

3. After the failures and lies of Iraq and this possible failure of our financial system, how can average people trust anything they are told?

4. Average people–the Main Street we keep hearing about—have some fault here. Many sought to live beyond their obvious means.

5. The flawed initial proposal from the White House, John McCain’s seemingly pointless suspend the campaign stunt, and the rabid free-market ideology of many House Republicans, show that Republicans are simply not competent to govern.

6. The idea that any speech by Nancy Pelosi killed the bill is silly. If House members felt this bill was good the country, why would a speech change people’s minds?

7. I understand that this bill came from the White House and that House Republicans are often very far to the right, but Democrats have a majority in the House. They have the obligation to make this work in the House.

8. Members of Congress had the right to vote as they saw fit. Even in crisis we have to keep our faith in democracy and move ahead to the next solution.