skullaria wrote:
I don't think that Pelosi's speech had much to do with the vote myself. I watched the debate and long before she spoke the same problems kept coming up again and again. Things like there might be alternatives to this...problems with the authority transfer to the SEC, problems with the legislation as it was written - how despite the bloat it really wasn't all that much different from the one page bomb that was received from Paulson that very first day.

The big resentment, I think, and it is my own resentment - was that scare tactics and a big rush were used and there just seemed wrong with this big of a decision. Also all the congressmen that had issues with monetary policy, like Kucinich and Ron Paul, voted against it too. Again, that had nothing to do with Pelosi, but with general principles.

I'm more impressed that the American People are pissed and despite them knowing that they might be heading for worse times than better if they don't do something, they didn't cave in. They know that the people that made this mess should be held accountable and if that means we gotta suffer while that law gets made, then so be it.

Of course, the real problem is that foreign investment in the US is fleeing like rats from a sinking ship. Maybe never to return. Could be irreversable.

RE: Bailout moves towards congressional approval - Sep. 29, 2008