Monday, September 29, 2008

Did Pelosi's Speech Sink Bailout Plan?

Here is the video of House Speaker Nancy Pelosi's speech, which in part is being cited as a reason why House Republicans voted against the $700 billion bailout proposal. Many saw it as a partisan attack.

Rep. Nancy Pelosi's speech this morning (Part 1):

Pelosi's speech this morning (Part 2):

Rep. Mike Simpson (R-Idaho) said her speech for incited partisan sentiment by blaming Republicans and the administration for the flaws in regulation and failures of oversight that she said drove the financial system to the brink of collapse.

“I know members who said ‘If I wasn’t a no before, I am now,’” Simpson told CQ.

Rep. John A. Boehner (R-Ohio) told Politico's David Rogers that Pelosi had the votes before the speech.:

"We could have gotten it if it were not for this partisan speech that Speaker Pelosi gave,” said Rep. John A. Boehner (R-Ohio), the House minority leader.

Added Rep. Chris Shays, a Connecticut Republican who also voted for the bill: “Nancy blew it.”

"That is an absurd accusation at a time when our country is in deep economic distress," a Pelosi spokesman fired back.

"You don't vote on a speech, you vote on a bill."

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