The Speech That “Killed The Bill”

Here’s the Pelosi speech that became the last straw for Republicans who have taken a beating for a failed mortgage lending policy that belongs to the Democrats. Now this is cooperation … especially when you are trying to united on a crucial bill. Or maybe … she wasn’t. 

Madam Speaker, when was the last time someone asked you for $700 billion? It is a number that is staggering, but tells us only the costs of the Bush Administration’s failed economic policies — policies built on budgetary recklessness, on an anything goes mentality, with no regulation, no supervision, and no discipline in the system. Democrats believe in the free market, which can and does create jobs, wealth, and capital, but left to its own devices it has created chaos.

and then she closed out with this for good measure:

Today, we will act to avert this crisis, but informed by our experience of the past eight years with the failed economic leadership that has left us left capable of meeting the challenges of the future. We choose a different path. In the new year, with a new Congress and a new president, we will break free with a failed past and take America in a New Direction to a better future.

As I said … the Republicans never liked this bill … The Democrats could have passed this without them. It was a cheap shot that allowed Republicans to vote their conscience.