Bailout Bill Fails House Vote

[MysticCat]

Originally Posted by CrackerBarrel

I'm not a real big fan of the bailout bill as it was brought to a vote, but that was an iffy decision by the House leadership. They said going in that they weren't sure if they had the votes and would need at least 100 members of the Republican caucus (which was unlikely to say the least) to pass it. It would have been better for the markets to postpone a vote and work on getting enough compromises in the bill for it to pass than it was to bring it to a vote where it was likely to fail, let the markets take that hit and then have to try to work out more compromises and bring it to a vote again anyways.

It'll be interesting indeed to see what happens next.