SpencerBachus

Analysis: Democrats Could Have Passed Bailout

Now that the financial markets bailout plan has failed to pass the House, at least for the time being, both sides are settling down to place blame for the failure. Democrats were quick to blame House Republicans for not bringing enough of their members along to vote for the bill. Republicans counter that as the majority party, Democrats can pass any bill they want without even a single Republican vote. So who is right? The time line of the negotiations favors the Republican version of events.Early last week, House Speaker Nancy Pelosi (D-CA) made it clear that there would be no bailout bill ...

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