Dow Drops 777 points…biggest point drop in history.
Americans lost $1.1 trillion today in the market.
Let me get this straight.
The national economy is suffering, and no one doubts the serious crisis we are experiencing today. Yet when it came time to vote on a compromise financial bailout bill House Republicans say that a mere political speech on the floor by Speaker Pelosi was the reason that they could not produce enough votes to pass the needed measure. In a briefing after the bill was defeated Representative Cantor held up a copy of the printed speech Pelosi delivered and argued that her words made GOP votes for the compromise disappear.
Over the past several days I have noted the lack of leadership and short-sightedness by both political parties in relation to this needed bailout bill. But nothing is as striking or maddening than the shameful display by House Republicans who thought partisan politics was more important than casting a vote to right the economic ship.
Regardless of anything the Speaker said, should not the love of country and placing economic priorities above political ones been the only way to proceed?
Today House Republicans did not think so.