The Democrats could have passed this bailout bill all by themselves but failed miserably. The Democrats got so caught up in partisan blame and anti-business rancor that they completely blew their big chance to “save the country”. The GOP voted their conscience and voted with the sentiment of the majority of Americans that this is a bad deal. You can blame the GOP if you like but enough Democrats agreed with them to stop the deal in its tracks. Because of this defeat and the biggest point drop in stock market history, the Democrats will be forced to find a more free market solution to this problem which hopefully includes lowering capital gains and business taxes. It’s time for McCain to lead while Obama continues to watch from the sidelines.
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