This proposed bailout bill went down to defeat with 94 Democrats voting nay. Had 12 more voted yea, the bill would have passed.
House Speaker Nancy Pelosi surely had to know she did not have the support of fellow Democrats whose constituents were opposed to its passage. Yet she called for the vote after first blasting President Bush, saying the "mess was all his fault." It was a completely inappropriate statement, but, if her desire to vent her "feelings" was so intense, she could have said that after the votes were counted. Pelosi again demonstrated she is an inadequate speaker of the House and maybe should be sent home to her five children!
Just for the record, it was President Clinton who pressured Congress to drop the requirement of a down payment and proof of income to purchase a home so more could have a home even though they were not financially qualified.
And what about the Fannie Mae and Freddie Mac executives whose greed surpassed the buyers' and walked off with huge "golden parachutes?"
And so the housing market and our economy collapsed.
Enough of this bickering and obstructionist behavior! Congress needs to behave like the adults they should be and pass laws to protect Americans of all classes! Enough of this class warfare!
-- Patricia L. Cain, Camarillo